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The governor of the Reserve Bank of India (RBI), Shaktikanta Das, has clarified the central bank’s position regarding cryptocurrency. His statements followed a notice published by the RBI telling banks that its crypto banking restriction is no longer valid and cannot be cited. RBI Still Has Major Concerns About Crypto RBI Governor Shaktikanta Das clarified […]Powered by WPeMatico
Indian central bank, the Reserve Bank of India (RBI), has officially advised banks that its banking ban circular is no longer valid as it was set aside by the country’s supreme court more than one year ago. Despite the supreme court’s ruling, banks have been citing the RBI circular when dealing with cryptocurrency. RBI Tells […]Powered by WPeMatico
The Indian cryptocurrency industry has been growing rapidly despite the nationwide lockdown and the coronavirus crisis. Two new cryptocurrency trading platforms are launching in India while existing crypto businesses seek clarification from the central bank, the Reserve Bank of India (RBI). New Cryptocurrency Trading Platforms Launching in India The crypto sector in India is showing […]
The post New Cryptocurrency Exchanges Launch in India as Businesses Seek Answers From RBI appeared first on Bitcoin News.
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The government of India is reportedly discussing a regulatory framework for cryptocurrencies with the central bank, the Reserve Bank of India (RBI), and the Securities and Exchange Board of India (SEBI). Furthermore, the government is awaiting the outcome of another cryptocurrency case at the supreme court to make its final decision on crypto regulation. Also […]
The post Indian Government Engages RBI to Discuss Cryptocurrency Regulation appeared first on Bitcoin News.
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The Reserve Bank of India (RBI) is reportedly seeking to file a review petition challenging the supreme court verdict which lifted its banking ban on the crypto industry. The RBI is worried that the court’s decision “could pave the way for trading in virtual currencies and put the banking system at risk.” Also read: Indian […]
The post RBI to Challenge Supreme Court Verdict on Cryptocurrency appeared first on Bitcoin News.
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![[Breaking] Indian Supreme Court Rules in Favor of Cryptocurrency Industry — RBI Ban Lifted](https://news.bitcoin.com/wp-content/uploads/2019/02/supreme-court-rules-on-rbi-ban-768x517.jpg)
A historic day for the Indian crypto community, the supreme court has finally ruled on the case against the banking ban by the central bank, the Reserve Bank of India (RBI). The court held that the RBI circular which places a banking ban on the crypto industry is unconstitutional. Also read: Hearing Concluded — Indian […]
The post Indian Supreme Court Rules in Favor of Cryptocurrency — RBI Ban Lifted appeared first on Bitcoin News.
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India’s crypto regulation is reportedly ready and there has been much speculation about what it contains. An Indian lawyer has gotten some answers from the Reserve Bank of India about a bill allegedly seeking to ban cryptocurrencies. Surprisingly, the central bank claims that it does not have any knowledge of this bill and did not […]
The post India’s Central Bank Denies Knowledge of Bill to Ban Cryptocurrencies appeared first on Bitcoin News.
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The inaction of India’s supreme court to end the prolonged banking restriction has forced another cryptocurrency exchange to shut down. The exchange has given its users 30 days to withdraw funds at increased fees, prompting several other exchanges to offer to refund these fees for customers switching to them. Also read: Indian Supreme Court Set […]
The post Indian Supreme Court Takes Too Long on Crypto Case – Another Exchange Shuts Down appeared first on Bitcoin News.
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The Indian National Association of Software and Services Companies (Nasscom) has released a report that calls for regulatory certainty, particularly in areas such as cryptocurrency. The lack of legal clarity and the crypto banking ban have hindered investments in this sector, hurt crypto exchanges, and driven investors out of the country, according to the association. […]
The post Indian Trade Association Nasscom Calls for Fast Crypto Regulation to Drive Growth appeared first on Bitcoin News.
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A lawyer representing the Internet and Mobile Association of India in its writ petition against the RBI banking ban has shared new details of the progress to lift the ban with news.Bitcoin.com. The supreme court recognizes the urgency of hearing the RBI case without waiting for the Indian government to introduce crypto regulation. Also read: Indian […]
The post Petitions to End RBI Crypto Banking Ban Advancing in India appeared first on Bitcoin News.
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