India’s Financial Stability and Development Council (FSDC) recently met to discuss cryptocurrencies. The committee in charge proposed an additional ban that has many wondering whether owning coins would be legal at all. Last April, the Reserve Bank of India (RBI) surprised the crypto community when they banned any relationship between cryptocurrencies and banks This meant … Continue reading “India May Soon Ban Cryptocurrencies Following Council Meeting”
RBI
Zebpay: Cryptocurrency Exchange Shuts Down
Author Ian CooperPosted on Categories Bitcoin, Business, Crypto Exchanges, Cryptocurrency, General, News, RegulationsLeave a comment on Zebpay: Cryptocurrency Exchange Shuts DownZebpay, one of India’s biggest crypto-exchanges is shutting down with only several hours’ notice. Nearly six months after the Reserve Bank of India imposed a ban on cryptocurrencies, a non-supportive environment has now crippled the exchange. India Cryptocurrency Ban In April 2018, the Reserve Bank of India (RBI) issued its crypto-ban, prohibiting any regulated financial … Continue reading “Zebpay: Cryptocurrency Exchange Shuts Down”
No Need For Supreme Court to Intervene in Crypto Ban: RBI
Author Ian CooperPosted on Categories Banking, Bitcoin, Blockchain, Crypto Exchanges, Crypto Technology, Cryptocurrency, General, News, Regulations, UncategorizedLeave a comment on No Need For Supreme Court to Intervene in Crypto Ban: RBIThe RBI (Reserve Bank of India) filed an affidavit with the Supreme Court. This was in response to one of the petitions against the crypto banking ban instituted by the RBI. The Ban The central bank said that it enforced the ban in accordance with its power. It said that none of the petitioners provided … Continue reading “No Need For Supreme Court to Intervene in Crypto Ban: RBI”
Cryptos Not Valid Currency Says Indian Central Bank in Court
Author Ian CooperPosted on Categories Banking, Bitcoin, Business, Crypto Exchanges, Crypto Technology, Cryptocurrency, General, Law, News, RegulationsLeave a comment on Cryptos Not Valid Currency Says Indian Central Bank in CourtAccording to the RBI, (Reserve Bank of India) the country cannot recognize cryptocurrency. These were the views of India’s Central Bank during a hearing before the Supreme Court on Wednesday regarding cryptos. The Case surrounding Cryptos A number of exchanges initiated the case against the RBI. This followed after the bank blocked their access to … Continue reading “Cryptos Not Valid Currency Says Indian Central Bank in Court”
Indian Central Bank: From Cryptocurrency Foe to Adopter
Author David CrowderPosted on Categories Altcoin, Bitcoin, Business, CryptocurrencyLeave a comment on Indian Central Bank: From Cryptocurrency Foe to AdopterIronically, India was among the chief foes of cryptocurrencies in the past. Only this year it nearly banned the digital assets in the huge country. Yet now India appears to have done an about face. New Delhi is planning its own national cryptocurrency to fill the void left by its crushed crypto-rivals. In June of … Continue reading “Indian Central Bank: From Cryptocurrency Foe to Adopter”
