India’s Reserve Bank Schedules Two More Panels On Crypto

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In April, the Reserve Bank of India gave crypto exchanges three months’ notice to tie up their business with banks. Effectively, many exchanges, including India’s largest, Zebpay, had little choice but to shut down. Zebpay was India’s first Bitcoin (BTC) exchange. It had hundreds of thousands of users, a figure that was rapidly growing. Zebpay … Continue reading “India’s Reserve Bank Schedules Two More Panels On Crypto”

Why India will Face an Uphill Battle Banning Cryptocurrency

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It is no longer news that the India plans to place an outright ban on cryptocurrency. However, what is clear is that the implementation of the ban is no tea party. Therefore, the government cautioned that it would take a tough line on anyone caught dealing in cryptocurrency or its ilk. Perhaps someone should remind … Continue reading “Why India will Face an Uphill Battle Banning Cryptocurrency”

Bitcoin ATM in India to Launch and Support BTC, XRP and ETH

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At the moment, there are 3,885 cryptocurrency Bitcoin ATM locations in 76 countries, says Coin ATM Radar. That number will grow, as coins gain momentum through adoption. By 2023, the global ATM market could be worth as much as $145 million.  That’s according to a study by B2B firm, Markets and Markets. In addition, they … Continue reading “Bitcoin ATM in India to Launch and Support BTC, XRP and ETH”

Zebpay: Cryptocurrency Exchange Shuts Down

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Zebpay, 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

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The 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”

Indian Central Bank: From Cryptocurrency Foe to Adopter

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Ironically, 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”