Indian central bank clarifies regulations as local banks shun crypto
Banks like HDFC and State Bank of India reportedly cautioned customers against crypto, citing the RBI’s quashed crypto circular. Go to Source Powered by WPeMatico
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Indian Government to Set up Panel of Experts to Take a Fresh Look at Regulating Cryptocurrencies: Report
The Indian government is reportedly looking to form a new “panel of experts” to focus on ways to regulate the cryptocurrency industry in the country. “There is a view within the government that the recommendations made by Subhash Garg are dated and a fresh look is needed at use of cryptos rather than a total … Read more
Bitcoin Drops Below $40K, Crypto Economy Down 17%, Markets Lost $250 Billion Last Week
On Wednesday, cryptocurrency markets continue to drop lower in value, as the entire crypto-economy has plunged 17% below the $2 trillion mark and now rests at $1.801 trillion. Bitcoin, the leading cryptocurrency in terms of market capitalization, touched a high of $40,770 per unit at 4:48 a.m. (ET). A few hours after hitting that price … Read more
Indian government is rethinking crypto ban: The Economic Times
A new panel will be formed to address “outdated” recommendations on crypto trading. Go to Source Powered by WPeMatico
‘Crypto for COVID’: Indian neobank aims to feed those affected by pandemic
In the middle of a spike in cases, more than 4,000 people are dying in India every day as a direct result of the pandemic. Go to Source Powered by WPeMatico
Former Finance Secretary Urges Indian Government to Encourage Crypto Services, Regulate Cryptocurrencies
Former Finance Secretary Subhash Chandra Garg, who headed the committee that drafted India’s cryptocurrency bill, says that the government should not ban cryptocurrencies but regulate them instead. He further urges the government to encourage crypto services. Indian Government Should Regulate Cryptocurrencies and Encourage Crypto Asset Services Subhash Chandra Garg said Thursday at a virtual event … Read more
National Payments Corporation of India Says It Will Not Ban Cryptocurrencies Through UPI
India’s payments authority, the National Payments Corporation of India, has reportedly said that it will not ban cryptocurrency transactions. Banks are to make their own decision whether to allow crypto transactions. The National Payments Corporation of India (NCPI), has refused to ban cryptocurrency transactions, local media reported Thursday. NCPI runs the Unified Payments Interface (UPI), … Read more
Indian start-up organization proposes regulatory framework for crypto
An internet startup association in India has asked the government to define cryptocurrencies like Bitcoin as digital assets and not currencies. Go to Source Powered by WPeMatico
Polygon co-founder raises $2.2M for India COVID-19 relief
COVID-19 has infected more than 17.6 million people in India. A crypto-based relief fund is raising millions to help the country cope with the disaster. Go to Source Powered by WPeMatico
Vitalik Buterin and Balaji Srinivasan Donate to Indian Covid Relief Fund Despite Country’s Intentions to Ban Cryptos
The covid-19 crisis is worsening every day in India, as the country keeps hitting record daily numbers of cases and its death toll. The crypto community is starting to show solidarity with the country, as big players such as Ethereum co-founder and a well-known investor announced crypto donations to provide support. Buterin Also Contributed With … Read more