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Indian crypto exchanges are devising strategies to challenge and respond to the Reserve Bank of India’s order to prohibit banks from servicing businesses dealing in cryptocurrencies. News.Bitcoin.com talked to Sathvik Vishwanath, CEO of a leading Indian exchange Unocoin, to find out more details. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Going International … Read more
Urdubit, a leading Pakistani bitcoin exchange, has closed down permanently. The news came after the central bank of Pakistan announced a ban on dealings with cryptocurrencies. The trading platform urged customers to withdraw their funds “as fast as possible”. Its team confirmed on social media its operations had been suspended due to the prohibition of … Read more
RBI’s latest move on Bitcoin will likely not deter the circulation of Bitcoin and others in india. #ANALYSIS Go to Source Powered by WPeMatico
Blockchain technology has been touted as the long-needed antidote to the poison that is counterfeit drugs, and the Indian government is exploring its potential through its national policy think tank, NITI Aayog. Fake drugs are a huge problem in India, a problem which is growing every day. Blockchain technology could bring an end to this … Read more
According to Indian media, eleven people were involved in a kidnapping and bitcoin extortion ring, and of the accused ten are police officers, including an Inspector. Three victims were abducted and beaten until they allegedly gave up 200 bitcoin worth over one million dollars USD. Also read: Bitgrail’s $170M Hack Continues to Provide Drama Police Arrested … Read more
An Indian businessman has accused police officers of kidnapping and beating him in order to force him to pay them a ransom of over $2 mln #NEWS Go to Source Powered by WPeMatico
The State Bank of Pakistan (SBP) has issued a circular on the “prohibition of dealing in virtual currencies”. The measure comes right after a similar move by the central bank of neighboring India. Commercial banks and payment providers have been told to stay away from crypto operations. They should not facilitate transactions of virtual currencies … Read more
A petition in protest of the Indian central bank’s crypto ban writes that crypto and Blockchain “can’t be stopped”. #NEWS Go to Source Powered by WPeMatico
BTC and ETH growing gradually stronger on news of major institutional players investing in crypto #NEWS Go to Source Powered by WPeMatico
This week the Reserve Bank of India (RBI), the country’s central bank, has banned banks from dealing with cryptocurrency businesses. Indian financial institutions have three months to cease doing business with digital asset operations but some of them may stop facilitating INR settlements. News.Bitcoin.com spoke with Sumit Gupta the founder and CEO of a new … Read more