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Category: rupee
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Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says
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India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar
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Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization
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Report: Indian Government Concerned Cryptocurrencies Could Undermine the Rupee
The Indian government panel tasked with drafting crypto regulation is reportedly worried that cryptocurrencies could destabilize the rupee if they are accepted as payments. Its concern came to light despite evidence that cryptocurrencies do not currently pose a threat to financial stability. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Impact on […]
The post Report: Indian Government Concerned Cryptocurrencies Could Undermine the Rupee appeared first on Bitcoin News.
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50 Indian Traders Share Thoughts on Investing, RBI Ban, Future of Crypto in India
Fifty traders who use Indian crypto exchange Instashift have shared their thoughts on the current crypto environment in India. Most of them said that they “hodl” and would continue to invest in crypto despite regulatory uncertainty. Also read: RBI Argues Supreme Court Should Not Interfere With Its Crypto Decision Most Respondents Are Hodlers A survey was […]
The post 50 Indian Traders Share Thoughts on Investing, RBI Ban, Future of Crypto in India appeared first on Bitcoin News.
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India Exchange Unocoin Suspends Withdrawals Following Central Bank Demands
“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, […]
The post India Exchange Unocoin Suspends Withdrawals Following Central Bank Demands appeared first on Bitcoin News.
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Bitcoin Price Watch: Currency Sinks to New Low
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Coindcx Launches Indian Crypto-to-Crypto Exchange Amid Regulations
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 […]
The post Coindcx Launches Indian Crypto-to-Crypto Exchange Amid Regulations appeared first on Bitcoin News.
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India’s Bitcoin Exchange Koinex Suffers From Bank Blocking Crypto Accounts
India continues its shaky experiment with money’s future as its domestic population is wild about cryptocurrency. Its government and regulators are less than thrilled, though. The banking system is siding with minders, causing friction between account holders and crypto exchanges. Everyone is pointing to a lack of clarity in the law as origin for the […]
The post India’s Bitcoin Exchange Koinex Suffers From Bank Blocking Crypto Accounts appeared first on Bitcoin News.
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