While the Indian government continues to advance initiatives to study the regulatory environment for Blockchain and cryptocurrencies, the awareness and use of Bitcoin and cryptocurrency continues to grow within the Asian country. Bitcoin users growth Acclaimed fastest growing Bitcoin exchange in India, Bitxoxo has reached a milestone of 100,000 users on its platform. In a press release, the company claims to have been consistently adding between 10,000 to 20,000 users every month, and this has led to their current amount of users. Elaborating on the growth, Hesham Rehman co-Founder & CEO, Bitxoxo says, “We have been relentlessly working towards creating …

India is continuing its investigations into cryptocurrency after government officials voted in favor of regulation. An interministerial meeting held Tuesday by Finance Minister Arun Jaitley brought up “several issues concerning Bitcoins,” Business Today reports, without an immediate “decision” taken. India has faced mixed messages from senior government and central bank sources regarding the legality of cryptocurrency, prompting local businesses to issue clarifications themselves for worried consumers. Now the regulation appears to be practically inevitable in the short to medium term. Ministers are focusing on the weak points in the ecosystem which could potentially cause legal problems. “The meeting was attended …

Several new developments are pointing to India as being the next point of interest for the key digital currency Bitcoin. They are building on the untapped opportunities available to the country’s billion people. Surge in Internet use India has overtaken the United States to become the world’s second largest Internet market, with 333 million users, behind China’s 721 million. Even though this is a positive development, the new report by the UN Broadband Commission for Sustainable Development also confirms that just six nations – including China and India – together account for 55% of the total global population still offline, …

Note: the following article was submitted as part of Cointelegraph’s Super Writers Contest. On a recent trip to the stunning Thai island of Koh Tao, I was introduced to the Hundi system. This ancient system of informal money transfer through a network of brokers is ubiquitous in areas where migrant workers have a duty to send money back to families in their homeland. Remittances to Burma You may recall that Koh Tao is the stunning Thai island where two British backpackers were murdered last year, allegedly by two Burmese migrants. The fact that the accused are Burmese is no surprise …

There's a business opportunity gleaming in the Indian market, perfectly ripe for ecommerce disruption. According to a study by Morgan Stanley, online shopper penetration in India is set to increase from 9% in 2013 to 36% by 2020, primarily led by mobile users. The e-retail market in India is also expected to rise from US$5 billion in 2015 to over US$130 billion by 2025. It is in this expansive motion that Myntra is hoping to gain from the first-mover advantage by taking its website to a mobile app-only state. The Indian E-Commerce Giant is currently the third largest e-commerce website …

While in Amsterdam during my vacation in Holland, I did not miss the opportunity to visit almost every local Bitcoin-friendly business participating in the Bitstraat program in the city. Unfortunately, I was underwhelmed—not by the number of participants, which currently totals one or two dozen, but by the problems I encountered when trying to pay for my purchases with bitcoin. First, the staff at many places, including the cafe that hosts the Bitcoin embassy itself, were not on-boarded when it comes to using the POS terminals. Understandably, personnel frequently changes and many new staff members have never even heard of …