Blog Archives

Tax Notices Sent To Crypto Traders By Indian Government

Posted on 22nd January, 2018

Late last week, the Indian government began sending tax notification documents to tens of thousands of cryptocurrency traders and investors in the country. According to Reuters, these notices follow a recent government survey that found over $3.5 billion in cryptocurrency transactions within the country over the last 17 months. By some estimates, India’s population of […]

Indian bitcoin startup Unocoin raises $250,000 in new fundraising round

Posted on 11th August, 2014

Thus far, India has been a tough market for bitcoin to break into. With an estimated 41% of India’s population “unbanked” (and well over 60% in rural areas) and a massive $70 billion remittance market, it’s also a country where bitcoin could have a huge impact. With that in mind, Bangalore-based startup Unocoin has been […]

Reserve Bank of India softens stance on Bitcoin

Posted on 12th February, 2014

Speaking at a technology conference in Mumbai yesterday, new Reserve Bank of India governor Raghuram Rajan spoke at length about Bitcoin’s future in India. While not altogether supportive of the cryptocurrency movement, Rajan’s presentation was far from the gloom and doom of RBI’s warning-laden Bitcoin statement in December. Rajan’s comments (reported by Techcrunch) were given […]