Tag Archives for " India "

India’s Finance Minister Confirms Crypto Not Recognized as Legal Tender, Media Panics

Regulation India’s Finance Minister, Arun Jaitley, has confirmed that the country’s government will not recognize cryptocurrencies as legal tender, adding that authorities will seek to ramp up efforts to “eliminate” the use of virtual currencies in illicit transactions. Mr. Jaitley’s comments have been misconstrued and embellished throughout the mainstream media, with numerous reports proclaiming that […]

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No letup for bitcoin as cryptocurrency drops further below $9,000

Pressure on bitcoin showed no signs of letting up on Friday, as the No. 1 cryptocurrency stumbled further below $9,000 to reach fresh November lows. Bitcoin BTCUSD, -6.69%  was most recently changing hands at $8,579.31, down 5%, according to research and news site CoinDesk.com. Bitcoin moved below $9,000 for the first time since November on […]

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Indians Expect Clarity on Bitcoin Taxes within Days

Economy & Regulation Under mounting pressure to make decisions and take steps to clarify cryptocurrency matters, the Indian government may soon shed some light on one of many unclear aspects – taxation. Local media have turned the spotlight on Budget 2018, but lots of titles end with question marks. The new financial frame is to […]

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Coinbase to Reopen the GDAX Bitcoin Cash-Euro Order Book

Markets and Prices Many European cryptocurrency investors are about to get another venue for investing in bitcoin cash with their regional fiat. The GDAX exchange will start offering BCH/EUR trading again in just a couple of days. Also Read: Bitcoin Cash Added to Keepkey Wallet, Exchanges in India and Hong Kong BCH/EUR on GDAX GDAX […]

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Russia Ready for Migrant Bitcoin Miners Influx

Economy & Regulation Despite some indecisiveness about cryptocurrencies on the part of centralized power, Russia has been quietly preparing for a wave of migrant crypto miners from East and West. It’s been said that the country has got what it takes to invite them. A third of the Soviet era power producing capacity is idling, […]

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Bitcoin Cash Added to Keepkey Wallet, Exchanges in India and Hong Kong

Wallets Bitcoin cash (BCH) adoption by cryptocurrency companies is continuing, offering new options for users. It has now been added by a hardware wallet to its software client as well as by two more exchanges in Asia for trading. Furthermore, over 4,500 merchants in India may soon be able to accept payments in BCH.   […]

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Survey: Indians See Brighter Crypto Future than Americans

Economy & Regulation Despite repeated government warnings against crypto investing, a sizable majority of Indians feel optimistic about the future of cryptocurrencies. Just as many Indians, as Americans, 7%, admit they own bitcoin or an altcoin, according to a survey that covered 6 countries, including major markets. Indians are more optimistic, however – 68% believe that […]

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Belfrics Granted ‘Sandbox License’ to Open Cryptocurrency Exchange in Bahrain

Regulation The Central Bank of Bahrain has awarded bitcoin technology provider, Belfrics Global, a sandbox license to open and operate a cryptocurrency exchange in the Arabian Gulf nation. As such, Belfrics is reported to have become the first company to receive an official mandate to open a cryptocurrency exchange in the Middle Eastern/North African region. […]

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Ditch University and High Transaction Fees – Praxis Accepts Bitcoin Cash

Interview Praxis is an intern, apprentice-like placement company, acting as a practical, resumé building experience for those who believe university is a waste of intellect and time and treasure. Recently, they’ve announced tuition can be paid in bitcoin cash, which offers near instant transaction times and low fees. Also read: India’s Bitcoin Exchange Banking Problems […]

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Mining Operations Offered to India After Mixed Signals from Beijing

Mining Members of the Indian crypto community have received offers to set up mining facilities after reports of potentially negative developments for miners in China. According to local media, businesses are already exploring such opportunities as India has some of the lowest electricity rates. Upcoming regulation, however, may put some hurdles on the track. Also […]

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