Category: Arun Jaitley

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Citibank India to Not Permit Card Customers Purchasing or Trading Crypto

Citibank India notified debit card and credit card clients via email on the 13:th of February they would no longer be able to participate in cryptocurrencies such as bitcoin. Citing regional and global concerns from regulators, the over...

Crowdfire Founders Plan to Launch Indian Bitcoin Exchange

Cryptocurrencies have grown popular in India, and digital asset markets in the region have seen exponential growth despite uncertainty from the Indian government. Now, this week the founders of the popular application Crowdfire have announced the team is...

India’s Finance Minister Confirms Crypto Not Recognized as Legal Tender, Media Panics

India’s Finance Minister, Arun Jaitley, has confirmed that the country’s government will not recognize cryptocurrencies as legal tender, adding that authorities will seek to ramp up efforts to “eliminate” the use of virtual currencies in illicit transactions. Mr....

Trading Tip `The Wall´ – I Was Wrong

Last week, I made an analysis of the bitcoin price situation. My analysis noted that while the rumors of Wall Street price manipulation was most likely false, the fear was real. Despite that, the price did not break...

Despite Multiple Government Warnings, Indians Flock to Crypto Exchanges

The Indian government has been actively issuing warnings regarding the risks of investing in cryptocurrencies such as bitcoin. However, Indians are not deterred, crowding to register at crypto exchanges in the country. Also read: Russian Cryptocurrency Bill Is Ready...