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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...
The Indian government is reportedly considering its own digital currency, similar to bitcoin. The central government of India has discussed the proposal with a committee of government officials, according to an unnamed source, reports the Business Standard. As India’s central bank believes that digital currencies are ‘susceptible to misuse’ the government...
India’s central bank has said to a parliamentary committee that digital currencies are ‘susceptible to misuse or abuse.’ In March, India’s finance ministry set up an interdisciplinary committee tasked with looking into cryptocurrencies such as bitcoin after they had become ‘a cause for concern.’ Tasks included determining the status of...
Ripple has opened a new office in Mumbai, India as the company looks to build its presence in the world's largest recipient country of remittances. Navin Gupta, who worked for two decades in transaction banking, product management and global strategy roles at HSBC and Citibank, has been appointed country...

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