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Exchange-escrowed trading directly between cryptocurrency buyers and sellers is growing in popularity in India following the crypto banking ban imposed by the country’s central bank. One local exchange, in particular, is seeing “tremendous” response from Indian traders for this service as “tens of thousands of new users have signed up” in a month. Also read: Yahoo! … Read more
The Indian government is reportedly considering whether to allow crypto tokens — not cryptocurrencies — to be used in the country, based on proposals from an inter-ministerial committee Go to Source Powered by WPeMatico
One of the largest cryptocurrency exchanges in India, Zebpay, has enabled Trueusd (TUSD) trading, deposits and withdrawals. The dollar-pegged stablecoin is offered as an alternative to fiat trading which is problematic under the Indian central bank’s ban. Also Read: The Daily: New Education Centers, Vietnamese Ask for Fraudster’s Extradition Zebpay Enables Trueusd Mumbai-headquartered cryptocurrency exchange … Read more
The law commission established by the order of the Indian government has issued a report recognizing cryptocurrency as a means of payment. This is reportedly the first time that a body appointed by the government admitted cryptocurrencies have value and can be used in transactions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Government-Appointed Body … Read more
Unocoin, a major Indian crypto wallet and exchange, has suspended fiat deposits and withdrawals due to the central bank’s crypto dealings ban Go to Source Powered by WPeMatico
“Deposits/Withdrawals Notice,” came the post title from popular Indian cryptocurrency exchange Unocoin this week. “As per orders from RBI,” the exchange explained, “bank INR withdrawals and INR Deposits have temporarily been disabled. Once an alternative method of funding is identified and deployed, we will resume the deposit and withdrawal services.” Also read: Cryptowhispers: DDoS Attacks, … Read more
The Indian government is expected to issue detailed cryptocurrency guidelines by September, a senior official from the country’s Ministry of Finance reportedly said. Consultations with all stakeholders including the central bank have already begun. This announcement is independent of the supreme court’s hearing of petitions relating to crypto regulation in India. Also read: Yahoo! Japan Confirms … Read more
The Reserve Bank of India urged the Supreme Court to regulate crypto, following the court’s postponement of a hearing on the bank’s ban on crypto dealings Go to Source Powered by WPeMatico
India’s central bank told the country’s supreme court on Friday that “allowing dealings in cryptocurrencies like bitcoin would encourage illegal transactions.” Other crypto petitions being heard include one asking the government to “take emergency steps to restrain the sale and purchase of illegal cryptocurrencies.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space RBI’s Argument … Read more
India’s Supreme Court will hold the final arguments regarding the RBI directive against crypto hearings in September Go to Source Powered by WPeMatico
