A resurgent bitcoin is rekindling Indian interest in cryptocurrencies with reports suggesting many dormant holders are back to trading. A report in Livemint is also attributing the piqued interest to a recent Indian supreme court decision to overturn a prohibition that barred banks from dealing with cryptocurrency exchanges. The ban was imposed by the Reserve […]
The global pandemic Covid-19 is forcing Indians to resort to digital payment platforms when settling bills as well as paying for groceries. Before the Covid-19 outbreak, Indian citizens largely ignored a 2016 government decree that attempted to achieve the same, reports The Economic Times of India. The news site reports that the value of transactions […]
The post Covid-19 Forces Indians to Embrace Digital Payments but Country Still Lacks Crypto Regulation appeared first on Bitcoin News.
The CEO of CoinSwitch shares his insights about the possibility of a cryptocurrency blanket ban in India.
News about the Indian Ministry of Finance circ…
Indian banks are reluctant to work with crypto firms, even though RBI clears the air.
The repeal of a blanket ban on cryptocurrencies in March by India’…
Several factors make India the hallmark country for crypto adoption. Experts, however, agree that several challenges still stand in the way.
Over the past few months, In…
Here are the legal resources available to Indian crypto users and businesses if a bank has declined services out of cryptophobia.
In a recent response to a Right to Info…
India’s central bank, the Reserve Bank of India (RBI), has confirmed that there is no longer any banking ban on crypto exchanges, companies, or traders. This follows the supreme court decision to quash the RBI circular prohibiting banks from providing services to any customers dealing in cryptocurrencies. The ban lasted for almost two years. RBI […]
The post RBI Confirms No Ban on Cryptocurrency Exchanges, Businesses or Traders in India appeared first on Bitcoin News.
Regulation is one of the biggest hurdles for crypto in India as exchanges continue the legal battle to establish a clear framework.
It was early in March when India&rsqu…
India’s crypto exchanges are demanding that the country’s central bank provide clear guidelines regarding taxation.
Following the Supreme Court’s reversal of the R…
The industry is seeing a renaissance following India’s Supreme Court revoking the RBI’s crypto ban, but there is still a long way to go.
Among industry participants and …
Billionaire venture capitalist Tim Draper has revealed plans to invest in Indian cryptocurrency startups.
Billionaire investor and the winner of thousands of Bitcoins (B…
An upcoming Indian crypto roadshow has nearly doubled the number of cities it is visiting following the Supreme Courts repealing of the RBI crypto ban.
The Indian Crypto…
Dark clouds still loom for the Indian crypto industry, with a 2019 bill proposing a ban on virtual currencies still pending in India’s parliament.
A pending bill may sti…
Now that the Reserve Bank of India’s banking ban on cryptocurrencies has been lifted by a recent Supreme Court decision, there is reinvigorated interest in bitcoin within the South Asian nation. Exchanges can reconnect to banking institutions and offer the support they formerly did to their customers. But what about those who prefer to continue […]
The post How Popular Is the Dark Web in India? A Look at Increasing Tech Use and Free Market Potential appeared first on Bitcoin News.
The Reserve Bank of India will contest the Supreme Court’s decision to overturn its ban on banks dealing with cryptocurrency businesses.
The Reserve Bank of India (RBI) …
A draft of an Indian national strategy on blockchain floats the idea of a central bank digital currency, the digital Indian rupee, and a national blockchain.
A draft of …
While the Indian Supreme Court hears arguments regarding a ban on banking services for crypto business, the prime minister awarded a crypto app developer.
India’s Prime Minister Narendra Modi has awarded a young entrepreneur for her cryptocurrency price tracking application while the government is still deliberating on the country’s crypto policies. News.Bitcoin.com caught up with the award recipient to find out more about her app. Meanwhile, the Reserve Bank of India (RBI) is being challenged in the supreme court […]
The post Indian Prime Minister Modi Awards Young Entrepreneur for Cryptocurrency App appeared first on Bitcoin News.
Hundreds of customers went on a withdrawal spree after an Indian bank announced its revised KYC requirements. The bank’s action followed the decision by the Reserve Bank of India (RBI) to include the National Population Register letter as a valid KYC document for opening bank accounts. Customers are worried their funds could be frozen. Also […]
The post Panic Withdrawals at Indian Bank Over Alarming KYC Notice appeared first on Bitcoin News.
India’s supreme court heard the crypto case on Thursday, starting with the arguments by the counsel for the Reserve Bank of India (RBI). After pointing out that the RBI ban only hurts crypto businesses but does not stop crypto trading, the court explained that “being an honest contributor to the blockchain is more profitable than […]
The post Indian Supreme Court Warms Up to Crypto – RBI’s Arguments Not Convincing appeared first on Bitcoin News.
India’s supreme court spent all day on Wednesday hearing extensive arguments from both the counsel representing crypto exchanges and the central bank, the Reserve Bank of India (RBI). The counsel for the central bank confirmed again that cryptocurrency is not banned in India, but still justifies the banking restrictions on the crypto industry. Also read: […]
The post Crypto vs RBI: Exchange Counsel and RBI Take Center Stage at Supreme Court Today appeared first on Bitcoin News.
The Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in the entities it regulates, such […]
India’s supreme court heard the crypto case in detail over three consecutive days this week. In addition to intense arguments against the central bank having the power to ban crypto, the judges learned how other countries regulate this new sector, the amended EU directive, the FATF guidance, and less invasive crypto measures. Also read: Regulatory […]
The post Crypto vs RBI: 3 Days of Intense Supreme Court Hearings appeared first on Bitcoin News.
The governor of the Reserve Bank of India (RBI), Shaktikanta Das, spoke about cryptocurrency during a press conference on Thursday. He also talked about the prospect of an RBI-issued digital currency, when the time will be right for issuing one, and his view on private digital currencies. Also read: Indian Supreme Court Wraps up Crypto […]
The post RBI Governor Discusses Crypto and Central Bank Digital Currency appeared first on Bitcoin News.