Auto Added by WPeMatico
Several Indian banks have reportedly halted services to customers dealing in cryptocurrencies despite the central bank, the Reserve Bank of India (RBI), informing them that the banning circular is no longer valid. The latest bank to join the fray is IDFC First Bank. IDFC First Bank has become the latest bank to halt services to […]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Indian central bank, the Reserve Bank of India (RBI), has officially advised banks that its banking ban circular is no longer valid as it was set aside by the country’s supreme court more than one year ago.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
Despite the Indian supreme court quashing the central bank’s ban on crypto, some major banks, including HDFC and Indusind Bank, are still arbitrarily declining to process crypto transactions. Banks say they are waiting for instructions to lift the ban from the Reserve Bank of India (RBI). Also read: Bitcoin Legal in India — Exchanges Resume […]
The post Some Indian Banks Ignore Supreme Court Verdict on Cryptocurrency, RBI Urged to Rectify appeared first on Bitcoin News.
Powered by WPeMatico
India has become increasingly attractive to new crypto businesses and investors from all over the world now that the supreme court has lifted the banking ban. Some companies are expanding operations into the Indian market while others are investing in the country’s crypto ecosystem. Also read: Bitcoin Legal in India — Exchanges Resume INR Banking […]
The post Global Investments Into Indian Crypto Sector Surge After Supreme Court Lifts Ban appeared first on Bitcoin News.
Powered by WPeMatico
India’s Crypto Bulls Roadshow, a nonprofit initiative to prepare India for the next bull run, is coming up, and government organizations are joining the drive. Currently, 15 cities in India are planned for but more may be added based on demand. There is no fee to participate in the roadshow and there will be online […]
The post Crypto Bulls Roadshow Coming to Over 15 Indian Cities — With Government Participation appeared first on Bitcoin News.
Powered by WPeMatico
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.
Powered by WPeMatico
![[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.
Powered by WPeMatico
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.
Powered by WPeMatico
India’s supreme court spent all day hearing arguments against the crypto banking ban by the Reserve Bank of India (RBI) on Wednesday. The counsel for the Internet and Mobile Association of India presented extensive arguments to convince the court that the central bank acted outside its jurisdiction and power in placing a banking restriction on […]
The post Indian Supreme Court Hears In-Depth Arguments Against RBI Ban appeared first on Bitcoin News.
Powered by WPeMatico
The Indian crypto community has had an eventful year, with a bill on the horizon, the RBI ban’s supreme court hearing, and the community’s efforts toward positive crypto regulation. News.Bitcoin.com interviewed Nischal Shetty, CEO of local crypto exchange Wazirx, about what the Indian crypto industry could expect in the year 2020 and a wide range […]
The post Wazirx CEO on 2020 Outlook, RBI Ban, Crypto Regulation for India appeared first on Bitcoin News.
Powered by WPeMatico