Blockchain
CREBACO Clarifies the Myths and Facts of Crypto in India After The Supreme Courts Judgement to Lift the Ban by RBI
The victory of IAMAI against RBI is indeed a great achievement for the crypto community in India and over the globe as India has a global population share of about 17.7% and most of them are young professionals under the age of 50.
According to the research by CREBACO Global Inc, a research and intelligence company focused on Blockchain and Cryptocurrencies, India has a potential market size of over 12.9 Billion USD and the capacity to create 20000+ Jobs in the very first year.
What is commendable here is that the Supreme court understood the nitty-gritty of the case and declared the RBIs blanket ban as unconstitutional. Now, it’s an open market for over 4000+ crypto projects to come to India and innovate.
There are still a lot of misconceptions that the Crypto community and investors have in India following the judgment. Mr Sogani, Founder and CEO of CREBACO Global said, “Bitcoin cannot ever be a legal tender because usually a legal tender state ‘I promise to pay the bearer…’ and the central bank takes responsibility for the same. Bitcoin is a decentralized digital currency and is not eligible to come in the legal tender category.”
The trading in Bitcoin was never banned but there was a blanket banking ban led by the Reserve Bank of India which has now been lifted and investors can trade freely through exchanges, by making deposits through banks.
This is an opportunity for a lot of startups to start innovating in Blockchain and cryptos space by developing new technologies wallets and payment systems. Earlier, there was a lot of reluctance in Indian startup space because of the banking ban, which made them move out of India mainly to Singapore and even the USA. These countries have witnessed hundreds of ICOs and VC investments raising billions of dollars as per the report from CREBACO. Venture capital firms in India were reluctant for the last one and half years for investments; but following the lifting of the ban, there can be a significant jump in Venture Capital Investments.
Following this judgment, Indians can now make or receive payments in Bitcoin subject to declaring it in the right manner. The date of receipt, time, and the Bitcoin to fiat conversion price must be recorded and maintained in the right manner and reported in the tax calculations.
Bitcoin falls into both the categories of payment and investment as a commodity and shall be treated accordingly.
Now banks will start its operations with Crypto companies and exchanges in a few months and banking facilities can be used normally as it was before.
“The judgment has definitely reduced reluctance in Indian investors and Crypto community but many misunderstand Bitcoin to be completely regulated and legal now. Let me make one thing very clear, we still do not have any regulations from the Central Government, the Supreme Court judgment just marks Reserve Banks’ stance to be unconstitutional and has lifted the ban,” said Sogani. “As I have understood with the help of legal professionals, the RBI may challenge it as a review application but there is a very low possibility of it getting admitted. Even though the judgment is a historical one but it is still very early to call Bitcoin regulated or legal in India.”
According to Sogani, the industry still awaits clear regulations from SEBI, RBI, Ministry of Finance and Income Tax departments clarifying treatments of
- Trading
- Investments
- Payments
- Initial Coin Offerings
- Security Token Offerings
- Initial Exchange Offerings
- Exchange Regulations and
- Minimum Compliance Standards for entities.
“It is a completely new financial framework and a lot of work has to be done together with all departments,” said Mr. Jagdish Pandya, Co-Founder of CREBACO Global.
CREBACO plans to organize a sandbox and open panel to discuss the way several departments should regulate digital assets. Sogani wants to bring Crypto industry professionals’, Governments, Regulators, Key Opinion Leaders, Media and Corporates to have a dialogue to speed up the process of Crypto and Blockchain adoption in India because the majority of the other Nations already have regulations in place.
Further Reads:
- https://blog.crebaco.org/2020/03/04/status-of-bitcoin-after-the-supreme-courts-decision-to-lift-the-banking-ban-on-crypto-by-rbi-crebaco-clarifies-the-myths-and-facts-of-crypto-in-india/
- https://main.sci.gov.in/supremecourt/2018/19230/19230_2018_4_1501_21151_Order_04-Mar-2020.pdf
- https://www.moneycontrol.com/news/business/cryptocurrency/before-rbis-ban-crypto-market-stood-at-12-9-billion-in-india-5001611.html
- https://cointelegraph.com/news/verdict-in-india-imminent-rbi-cites-warren-buffet-skepticism-as-reason-to-ban-crypto
- https://www.business-standard.com/article/pti-stories/an-in-depth-analysis-by-crebaco-of-the-steering-committee-report-and-cryptocurrency-draft-bill-for-regulation-of-bitcoin-issued-by-the-ministry-of-finance-india-119091800558_1.html
- https://economictimes.indiatimes.com/markets/stocks/news/sc-allows-trade-in-cryptocurrency-quashes-rbi-curb-on-use/articleshow/74470078.cms
SOURCE CREBACO Global Inc
Blockchain
Blocks & Headlines: Today in Blockchain – April 25, 2025 | BitNile, Dutch Blockchain Week, Citigroup, Philippine Blockchain Week, D.O.G.E Foundation
Blockchain’s metamorphosis from niche ledger technology to the backbone of Web3 has never been more evident. Today, we cover five stories that illustrate the evolving ecosystem: a gaming platform issuing its own token on Solana; Europe’s marquee Web3 summit; a major bank forecasting a “ChatGPT moment” for blockchain; a Southeast Asian conference aimed at busting crypto myths; and a foundation rebuilding blockchain from the ground up to solve scalability. Each development—whether product launch, industry gathering, macro forecast, educational initiative, or infrastructure innovation—offers a window into the trends shaping decentralized finance, NFTs, DeFi, and beyond.
1. BitNile.com to Launch Nile Coin on Solana
News Summary
Hyperscale Data’s subsidiary BitNile.com will introduce the Nile Coin on Solana starting May 1, 2025. The U.S.–based social gaming site chose Solana for its high throughput and low fees, aiming to enhance in-game economies, reward engagement, and deliver seamless micro-transactions. Details on tokenomics and governance are forthcoming, but management touts Nile Coin as a cornerstone of future gaming experiences.
Source: CoinTrus
Analysis & Commentary
Launching a proprietary token underscores two converging trends: the gamification of finance and finance-ification of gaming. By minting Nile Coin, BitNile.com taps into DeFi mechanics—staking, liquidity pools, NFT rewards—while leveraging Solana’s scalability. Strategically, BitNile.com positions itself for partnerships with NFT marketplaces and DeFi protocols, potentially opening secondary markets for in-game assets and generating new revenue streams beyond ad sales or subscription fees.
2. Dutch Blockchain Week 2025 Gears Up in Amsterdam
News Summary
From May 19–25, Amsterdam will host the sixth annual Dutch Blockchain Week, culminating in the two-day summit (May 21–22) at De Meervaart. Tier 1 exchanges (Bitvavo, Kraken, Coinbase), Web3 pioneers (WOW.ai, Blockrise), regulators (European Commission, De Nederlandsche Bank), and industry partners (Mastercard, Deloitte) will convene. Side events range from AI-powered hackathons tackling compliance to padel networking meetups—underscoring the event’s blend of technology, policy, and community.
Source: Dutch Blockchain Week
Analysis & Commentary
Dutch Blockchain Week typifies the maturation of blockchain conferences into multidisciplinary forums. Beyond token talk and yield farming, panels on regulation, institutional adoption, and security reflect Web3’s integration into mainstream finance. Anticipate announcements on CBDC pilots, DeFi compliance frameworks, and cross-chain interoperability projects that may emerge from the Block & Order Hackathon.
3. Citigroup Predicts Blockchain’s “ChatGPT Moment”
News Summary
In an April 23 report, Citigroup analysts argue that 2025 could be blockchain’s “ChatGPT moment,” driven by regulatory clarity around stablecoins and integration with traditional financial systems. They forecast stablecoin market capitalization ballooning to $1.6 trillion (base case) or as much as $3.7 trillion (bull case) by 2030—anchored by dollar-denominated issuers and collateralized with U.S. Treasuries. Regulatory frameworks like the GENIUS Act could catalyze adoption among banks and fintechs.
Source: Cointelegraph
Analysis & Commentary
Drawing parallels to generative AI’s explosive growth, Citigroup envisions a tipping point where blockchain moves from experimental to essential infrastructure. Successful integration will hinge on robust compliance tools, auditability, and clear governance models. Enterprise blockchain vendors should prepare for surging demand in tokenized payments, on-chain settlements, and embedded DeFi rails within legacy systems.
4. Philippine Blockchain Week 2025 Debunks Crypto Myths
News Summary
Scheduled for June 10–11 at SMX Convention Center Manila, Philippine Blockchain Week (PBW) 2025 will tackle misinformation and spotlight real-world use cases. Highlights include “Crypto, Unpacked” sessions demystifying the technology; “Smart Regulation” panels uniting policymakers and innovators; and “Blockchain for Impact” showcases on remittances, disaster relief, and digital identity. Founding President Donald Lim emphasizes government support and public–private collaboration to spur inclusive growth.
Source: UseTheBitcoin
Analysis & Commentary
PBW exemplifies how emerging markets leverage education to accelerate Web3 adoption responsibly. By engaging regulators early, PBW can shape balanced frameworks that encourage innovation while protecting consumers—an instructive model for markets wrestling with both hype and skepticism.
5. D.O.G.E Foundation Launches New Blockchain, Opens Seed Round
News Summary
The D.O.G.E Foundation announced a ground-up blockchain rebuild designed to solve the scalability and reliability challenges plaguing existing networks. This modular architecture separates validation from execution to enable parallel transaction processing—targeting real-time gaming, DeFi under high load, and AI-driven applications. A seed funding round is now open to investors who share the vision of a performant, decentralized infrastructure.
Source: D.O.G.E Altcoin GlobeNewswire
Analysis & Commentary
As layer-1 congestion and high gas fees persist, new entrants must justify a “why now” with clear architectural advantages. If the D.O.G.E blockchain delivers real-world throughput and maintains decentralization, it could spur a renaissance of high-performance DeFi protocols and NFT platforms hungry for cost-effective base layers.
Conclusion & Key Takeaways
-
Tokenization of Entertainment: BitNile’s Nile Coin on Solana highlights blockchain’s expansion into gaming economies and NFT reward systems.
-
Convergence of Tech, Policy & Community: Dutch Blockchain Week showcases Web3’s evolution into an ecosystem engaging regulators, enterprises, and developers under one roof.
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Mainstream Inflection Point: Citigroup’s “ChatGPT moment” thesis suggests blockchain is poised for exponential adoption given regulatory support.
-
Education as Catalyst: Philippine Blockchain Week’s myth-busting curriculum underscores the importance of public–private dialogue in emerging markets.
-
Infrastructure Innovation: The D.O.G.E Foundation’s modular, high-throughput chain exemplifies the next wave of layer-1 networks addressing real-time, real-world use cases.
Today’s stories convey that blockchain’s next chapter will be written through strategic token launches, global convenings, regulatory clarity, educational outreach, and radical infrastructure redesign. By tracking these threads, industry participants can anticipate opportunities in DeFi, NFTs, Web3 games, and enterprise integration. Stay tuned for tomorrow’s Blocks & Headlines, where we’ll continue to decode the innovations shaping decentralized finance.
The post Blocks & Headlines: Today in Blockchain – April 25, 2025 | BitNile, Dutch Blockchain Week, Citigroup, Philippine Blockchain Week, D.O.G.E Foundation appeared first on News, Events, Advertising Options.
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