subhash chandra garg

India must look beyond the narrow definition of bitcoin as a cryptocurrency

India must look beyond the narrow definition of bitcoin as a cryptocurrency

It's an open source technology protocol, and a network.
The Modi government has one month to clear its stand on cryptocurrencies

The Modi government has one month to clear its stand on cryptocurrencies

This does not mean regulations must come in a month.
The Indian government is worried that cryptocurrencies may destabilise the rupee

The Indian government is worried that cryptocurrencies may destabilise the rupee

From money laundering to terror financing, the risks associated with cryptocurrencies are well known. But a high-level panel tasked with drafting rules for India’s virtual…
Why India should not treat cryptocurrencies like Ola and Uber

Why India should not treat cryptocurrencies like Ola and Uber

An international legal firm has sought to allay the Indian government’s fear of cryptocurrencies. As with any emerging technology, their potential benefits will eventually outweigh…
India’s courts are unlikely to fix the crypto crisis anytime soon

India’s courts are unlikely to fix the crypto crisis anytime soon

The courtroom battle between India’s cryptocurrency exchanges and the central bank is set for its next hearing today—but nobody expects an end to the stalemate.…
India’s Rs2,000 notes were always meant to be phased out

India’s Rs2,000 notes were always meant to be phased out

India’s crisp, pink Rs2,000 notes are a grim reminder of the massive demonetisation exercise prime minister Narendra Modi’s government undertook in November 2016. The overnight…
No timeline for regulations, India’s cryptotraders cap 2018 with more bad news

No timeline for regulations, India’s cryptotraders cap 2018 with more bad news

If India’s battered cryptocurrency ecosystem expected regulatory clarity anytime soon, then it is set for disappointment. The Indian parliament was informed last week that the…
Battered and bruised Indian cryptotraders have all their hopes pinned to 2019 now

Battered and bruised Indian cryptotraders have all their hopes pinned to 2019 now

Even as authorities tightened the noose and prices plummeted, “how to invest in bitcoin” remained one of the most searched terms on Google India in…
Timeline: How Modi’s hand-picked RBI governor turned against his own government

Timeline: How Modi’s hand-picked RBI governor turned against his own government

Urjit Patel’s stunning move yesterday (Dec. 10) to resign as the 24th governor of the Reserve Bank of India (RBI) has sparked another bout of…
A ray of hope for cryptocurrencies as India readies draft regulations

A ray of hope for cryptocurrencies as India readies draft regulations

A cloud of uncertainty hangs over the legal status of cryptocurrencies in India. With draft regulations yet to be spelt out, and the seemingly contradictory…
At last, India’s ready to clarify its stance on cryptocurrencies

At last, India’s ready to clarify its stance on cryptocurrencies

The Indian government may be one step closer to clearly spelling out its policy on cryptocurrencies. A finance ministry panel set up in November 2017…
India’s central bank and government call truce after nine-hour meeting

India’s central bank and government call truce after nine-hour meeting

After weeks of open sparring, India’s central bank and the Narendra Modi government seem to have found middle ground. A marathon nine-hour meeting attended by…
Why it won’t be easy to ban cryptocurrencies in India

Why it won’t be easy to ban cryptocurrencies in India

Plans are afoot in India to ban cryptocurrencies. While it is as yet unclear what exactly the government’s move against cryptocurrencies will be, what is…
Here’s what could happen if India bans cryptocurrencies

Here’s what could happen if India bans cryptocurrencies

The Indian government mulling a blanket ban on cryptocurrencies has set off alarm bells in the ecosystem. For such a move could deal a body…
Indian police end the party for the country’s first cryptocurrency ATM

Indian police end the party for the country’s first cryptocurrency ATM

Life for India’s first cryptocurrency ATM has turned out to be short. Last week, the virtual currency exchange Unocoin had set up the country’s first…
India’s central bank refuses to give up control of the payments ecosystem

India’s central bank refuses to give up control of the payments ecosystem

Who gets to govern India’s thriving payments ecosystem? The matter has become the latest bone of contention between the country’s central bank and prime minister…
India gets its first cryptocurrency ATM amidst the central bank’s crackdown

India gets its first cryptocurrency ATM amidst the central bank’s crackdown

A new ATM in Bengaluru’s Kemp Fort Mall has become the latest face of the stand-off between India’s crypto-community and its banking regulator. The cryptocurrency…
After strangling bitcoin, India may launch its own cryptocurrency

After strangling bitcoin, India may launch its own cryptocurrency

After blowing hot and cold on bitcoin, the Indian government is considering bringing out its own cryptocurrency. A panel constituted by India’s finance ministry might…
India’s law reform committee accepts cryptocurrency as a valid mode of payment

India’s law reform committee accepts cryptocurrency as a valid mode of payment

India’s embattled cryptocurrency ecosystem may have just got a lifeline from another contentious debate: whether or not to legalise sports betting in the country. The…