Indian Government Financial News

21.09 / 06:39

Adoption NFT Indian Government Totality Corp CEO explains why India is still largely untapped for NFTs

Despite ranking as one of the highest adopters of cryptocurrency among emerging markets, the majority of the Indian market is yet to embrace nonfungible tokens (NFTs).

11.11 / 13:11

Law regulation Tokens Indian Government Indian Supreme court rejects crypto petition, highlights legislative nature

The Indian Supreme Court declined to consider a Public Interest Litigation (PIL) that aimed to establish regulations and a framework of guidelines for cryptocurrency trading in India.

22.09 / 11:39

Blockchain Adoption Indian Government India to develop dark net monitoring tool to combat crypto fraud: Report

The Indian Ministry of Home Affairs (MHA) is reportedly developing a crypto intelligence tool in response to a rise in illegal activities around cryptocurrencies in the country.

11.09 / 10:23

Adoption regulation Indian Government Bitcoin crypto legislation India working on 5-point crypto legislation as ban is ruled out

India is working on a crypto regulatory framework based on the joint recommendations of the International Monetary Fund (IMF) and the Financial Stability Board (FSB) that could result in legal legislation in the next 5-6 months. Siddharth Sogani, the CEO of CREBACO that has worked with government agencies and ministries, told Cointelegraph that the Indian government is working on a five-point crypto legislature with a global approach.

04.09 / 09:19

Blockchain Adoption Reserve Bank of India Indian Government P2P P2P Payments Indian Backed Indian central bank-backed NPCI begins blockchain recruitment

The National Payments Corporation Of India (NPCI) — an initiative led by the Reserve Bank of India (RBI) and 247 Indian banking companies — is on the lookout for a seasoned blockchain technologist to head and investigate opportunities for blockchain in current-day payment systems.

10.08 / 12:17

Adoption Payments Reserve Bank of India Indian Government India proposes AI-powered conversational payments system: RBI

The Reserve Bank of India (RBI), the country's central bank, has published a press release that floated the idea of using artificial intelligence (AI) on conversational payments in the unified payments interface (UPI), which is an instant payment system developed in India.

10.08 / 11:39

Blockchain Adoption regulation Reserve Bank of India Indian Government India plans to use crypto tokens in upcoming native web browser

The citizens of India might get an option to sign documents digitally through crypto tokens. Such feature is envisaged in the project of national web browser, cherished by the Ministry of Electronics & Information Technology (MeitY).

07.08 / 14:39

business regulation Google data Indian Government compliance India House passes bill to ease BigTech data compliance

The lower house of India’s parliament voted in approval of a bill that will ease data compliance regulations for Big Tech companies, according to a report from Bloomberg.

31.05 / 06:53

Blockchain Adoption Central Bank Reserve Bank of India Indian Government Future Indian Indian banks asked 'to prepare for the future' with AI and blockchain

A top federal official representing India's central bank, the Reserve Bank of India (RBI), recommended all banks adopt artificial intelligence (AI) and blockchain technology to ensure sustainable growth and stability.

21.02 / 12:47

Blockchain CBDC Adoption Reserve Bank of India Indian Government National network India expands national payment network to Singapore: What’s in it for crypto?

India’s national payment network, called the unified payments interface (UPI), is expanding its services beyond Indian borders to Singapore. The cross-border connectivity between Singapore and India via their respective rapid payment systems, namely PayNow and the UPI. Shri Shaktikanta Das, governor of the Reserve Bank, and Mr Ravi Menon, managing director of the Monetary Authority of Singapore, launched the facility through token transactions using the UPI-PayNow linkage.

02.02 / 14:03

business CBDC regulation Reserve Bank of India Indian Government Indian Support Indian retail chain rolls out support for CBDC payments in stores: Report

One of India’s biggest retail chains, Reliance Retail, announced that they have started accepting the digital rupee at one of its store lines and plans to extend the rollout to all its businesses.

23.08 / 13:41

Adoption regulation Indian Government Indian Crypto users One-third of estimated 115M Indian crypto users concerned about regulations

India is now home to an estimated 115 million cryptocurrency investors despite a historically negative attitude toward the sector from the government, according to new data.

05.08 / 20:01

regulation Indian Government Indian freeze Indian authorities freeze $8.1M in WazirX funds as part of AML investigation

India’s Directorate of Enforcement, or ED, has announced it froze roughly $8.1 million in funds and conducted a search connected to cryptocurrency exchange WazirX as part of an investigation into instant personal loan fraud.

31.05 / 14:25

regulation Indian Government Bitcoin consultation India cooperates with IMF on crypto consultation paper

The Department of Economic Affairs of India is finalizing a consultation paper on crypto currencies, which then will be handed over to the federal government. The implementation of the document could bring the country of 14 billion people closer to the international regulatory consensus on digital assets.

17.05 / 09:09

regulation Indian Government Indian RBI warns of crypto 'dollarization' of Indian economy

Officials from the Reserve Bank of India (RBI) have reportedly sounded the alarm bells again over crypto adoption which they claim will ultimately lead to the “dollarization” of the local economy.

02.05 / 13:39

regulation Indian Government Indian user data Indian IT Ministry directs crypto exchanges to store user data for 5 years

The Indian Computer Emergency Response Team (CERT-in), which falls under the Ministry of Electronics and Information Technology, issued a new directive on Thursday, forcing crypto exchanges, virtual private network (VPN) providers and data centers to store a wide range of user data for up to five years.

15.02 / 04:43

regulation Ban Indian Government RBI deputy governor: banning crypto 'most advisable choice'

T. Rabi Sankar from the Reserve Bank of India compared cryptocurrency to ponzi schemes and said that banning them, not regulating them, would be the “most advisable choice” for the Indian government.

10.02 / 05:47

Kucoin Crypto exchanges Indian Government Global crypto exchanges wait on sidelines for rules clarity

Mumbai: Global crypto exchanges looking at the Indian market are awaiting more clarity on crypto regulations to make entry and investment decisions even after the government announced a tax regime in the Budget. Industry executives said the global exchanges have seen the government teetering on crypto regulations in the past three years and that signals from the government have been confusing at best. While the government has said it is looking at regulating rather than banning cryptocurrencies and has announced taxation provisions in the Budget, senior government officials have said that all options are on the table.

25.11 / 09:01

regulation Indian Government Bitcoin Regulation Experts divided on how far India's 'private crypto' ban will go

Government documents from 2019 have been cited by an Indian crypto expert to suggest that the proposed ban on all “private cryptocurrencies” could include just about every crypto.

17.11 / 23:05

regulation Taxes Indian Government regulatory India to reduce GST paid on cryptocurrency exchanges from 18% to 1% through regulatory reclassification

According to a report from CNBC TV18 India, the nation's government plans to reclassify cryptocurrency exchanges as e-commerce platforms, which will reduce the Goods and Services Taxes (GST) users must pay per transaction, or per trade, to 1%.

frequently asked questions about Indian Government

What is Indian Government and why is it gaining attention?

Indian Government is a significant category that is in the spotlight. On our site, we regularly publish news related to this subject.

Where can I find the latest updates on Indian Government?

All recent news about Indian Government can be found in the highlighted block. We publish information in a timely manner.

How can I verify the accuracy of information on Indian Government?

We use verified data to ensure that the information about Indian Government is accurate and helpful for our readers.