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A major cryptocurrency exchange in India, Unocoin, has confirmed that it is launching crypto ATMs. While a formal announcement has not been made, an image of one of the exchange’s ATMs spreading on social media suggests that the machines support at least five cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Unocoin’s Crypto … Read more
The Reserve Bank of India has filed an affidavit with the country’s supreme court in response to one of the petitions against its crypto banking ban. The central bank reportedly argues that it has acted within its power and that none of the petitioners have shown reasonable grounds for the supreme court to intervene. Also … Read more
All petitions against the crypto banking ban by the Reserve Bank of India (RBI) are supposed to have been heard by the country’s supreme court on September 11. However, the court has been busy every day this week and has postponed the RBI ban hearing. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator … Read more
The Indian supreme court will hear all petitions against the crypto banking ban by the Reserve Bank of India on Tuesday. News.Bitcoin.com talked to the CEOs of several Indian exchanges to find out what they are expecting from the hearing, trader sentiment, their exchanges’ current trading volumes, and how they see the court’s ruling affecting … Read more
The lawyer for the alleged BTC-e exchange operator, Alexander Vinnik, claims that the Greek supreme court has decided to extradite him back to his motherland. If true, this would be a significant blow to US authorities’ attempts to get their hands on Vinnik and extract information from him about Russian hackers. Also Read: The Daily: Luxury … Read more
It has been about two months since the crypto banking ban by the Reserve Bank of India (RBI) went into effect. News.Bitcoin.com talked to Sathvik Vishwanath, CEO and co-founder of Indian exchange Unocoin, to discuss the aftermath of the central bank’s ban. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space All Eyes on Supreme … 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
The trial and conviction of Ross Ulbricht for his administration of the Silk Road darknet market represented a landmark event in cryptocurrency. For many, the investigation and sentencing were a contradiction to the commonly held belief that cryptocurrency and activities involving cryptocurrency could not be regulated by the government. For others, the injustices and illegalities … 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
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
