Reserve Bank of India

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Bitcoin Tops $11,000 Reigniting Interest in India

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A resurgent bitcoin is rekindling Indian interest in cryptocurrencies with reports suggesting many dormant holders are back to trading. A report in Livemint is also attributing the piqued interest to a recent Indian supreme court decision to overturn a prohibition that barred banks from dealing with cryptocurrency exchanges. The ban was imposed by the Reserve … Read more

Covid-19 Forces Indians to Embrace Digital Payments but Country Still Lacks Crypto Regulation

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The global pandemic Covid-19 is forcing Indians to resort to digital payment platforms when settling bills as well as paying for groceries. Before the Covid-19 outbreak, Indian citizens largely ignored a 2016 government decree that attempted to achieve the same, reports The Economic Times of India. The news site reports that the value of transactions … Read more

RBI Confirms No Ban on Cryptocurrency Exchanges, Businesses or Traders in India

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India’s central bank, the Reserve Bank of India (RBI), has confirmed that there is no longer any banking ban on crypto exchanges, companies, or traders. This follows the supreme court decision to quash the RBI circular prohibiting banks from providing services to any customers dealing in cryptocurrencies. The ban lasted for almost two years. RBI … Read more