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India’s Prime Minister Narendra Modi has awarded a young entrepreneur for her cryptocurrency price tracking application while the government is still deliberating on the country’s crypto policies. News.Bitcoin.com caught up with the award recipient to find out more about her app. Meanwhile, the Reserve Bank of India (RBI) is being challenged in the supreme court … Read more
The historic case brought against the Reserve Bank of India’s ban on banks’ dealings with cryptocurrency businesses resumed this week at the country’s Supreme Court Go to Source Powered by WPeMatico
Hundreds of customers went on a withdrawal spree after an Indian bank announced its revised KYC requirements. The bank’s action followed the decision by the Reserve Bank of India (RBI) to include the National Population Register letter as a valid KYC document for opening bank accounts. Customers are worried their funds could be frozen. Also … Read more
The chairman of the Security and Exchange Board of India says that blockchain may bring a paradigm shift in the securities market landscape Go to Source 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 … Read more
The Reserve Bank of India (RBI) says it has not banned cryptocurrency usage — only the regulated avenues leading to it Go to Source Powered by WPeMatico
The Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in the entities it regulates, such … Read more
A Centre of Excellence in Blockchain Technology has been inaugurated by Indian Union Minister Ravi Shankar Prasad in Bengaluru. It will facilitate various government departments in their blockchain work, leading to large scale deployment of blockchain applications. Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia New ‘Centre of Excellence in … Read more
India’s IT minister has called on the National Informatics Centre to develop blockchain based initiatives to improve public education Go to Source Powered by WPeMatico
Indian judges presiding over the RBI v. Crypto case have repeatedly showcased their willingness to learn about digital currencies and blockchain-based tech Go to Source Powered by WPeMatico