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India is reportedly not going to issue a blanket ban on cryptocurrencies, but may label them as commodities, according to a source familiar with the situation. In a report from Quartz, a senior government official, who requested anonymity, stated that they don't think the panel set up to look into...
The Reserve Bank of India (RBI) said on Thursday that it is considering the introduction of a “central bank digital currency,” stating that technological innovations, including cryptocurrencies and blockchain, have the potential to improve the efficiency and inclusiveness of the financial system. The RBI said in a statement:“While many central...
Three factoring exchanges in India have joined hands to initiate and deploy a blockchain network. The new system, which went live this week, intends to provide a common platform for these exchanges to securely and confidentially share information, with the mission to reduce instances of fraud around receivables financing....
India’s relationship, or lack of, with the cryptocurrency market, is well known. Yet, even as the country struggles to decide whether it should attempt to ban them or not, one former finance ministry official has made the argument that they shouldn’t be permitted. In a report from Quartz, Shaktikanta Das,...
NITI Aayog, a policy think tank of the government of India, is exploring the use of blockchain. The agency is developing a proof-of-concept to leverage technology in key sectors such as education, health and agriculture, a senior government official told the Economic Times."It is a safe system for document...

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