The Indian Government is Considering its Own Cryptocurrency

The Indian Government is Considering its Own Cryptocurrency

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 is looking at a […]

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India’s Central Bank Says Digital Currencies Are ‘Susceptible to Misuse’

India’s Central Bank Says Digital Currencies Are ‘Susceptible to Misuse’

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 digital currencies in India and […]

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Ripple Opens New Office in India; Eyes Multibillion-Dollar Remittance Market

Ripple Opens New Office in India; Eyes Multibillion-Dollar Remittance Market

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 manager got Ripple India. “India is […]

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