Facebook has no plans to launch its crypto wallet in India

Facebook's Calibra — a digital cryptocurrency wallet that will let users send and receive the recently launched cryptocurrency Libra — probably won't launch in India any time soon. 

A Facebook spokesperson told The Economic Times (via CoinDesk) that the company has "no plans to offer Calibra in India" due to "local restrictions within India that made a launch of Calibra not possible at this time.”

India doesn't look very favorably upon cryptocurrencies, having banned banks from using them in 2018 and presently mulling over a law that would completely outlaw cryptocurrency use in the country.  Read more...