Search results for reserve bank of india

Sort: By relevance / By date
Dec 01, 2019 at 10:00
Indian Government is Willing to Support Blockchain with a National Framework
The ministry of electronics and IT (MeitY) in India revealed on November 27, 2019, that the government is formulating an approach document regarding a National Level Blockchain Framework that tackles the advantage of the groundbreaking blockchain and distributed ledger technology (DLT) plus the urgent need for a collective facility for various applications.
Jul 23, 2019 at 10:19
“There is No Cryptocurrency Ban,” Indian Government Says
The government of India seems to be confused when it comes to the previous bitcoin and cryptocurrency ban. Last year, the government made it clear that whoever is caught illegally participating in the mining, buying or selling of cryptocurrencies, he or she will be jailed for around 10 years, according to the draft "Banning of Virtual Currency Restrictions and Official Cryptocurrency Regulation Bill 2019". With the help of VPN, citizens continued to deal in cryptocurrencies and nothing was done to them. Now, the authority has come out to show its position on this matter, by revealing that the financial authorities have imposed no restrictions yet on digital currency dealings.
Jul 02, 2019 at 13:17
India: RBI Develops a Blockchain Platform for Banking
The Reserve Bank of India (RBI) develops a blockchain-based platform for banking starting with its R&D branch. The distributed ledger tech (DLT) platform is going to host a wide spectrum of blockchain applications beginningovel  in 2020. The blockchain-powered platform will serve financial institutions including banks and will start with the RBI’s R&D branch. The new platform is generally for DLT use case for the government in financial banking.
Jun 07, 2019 at 10:20
Bitcoin Traders in India are no Longer at Ease
Bitcoin and cryptocurrency traders in India are not benefiting from the industry following the ban of cryptocurrency activities by the Reserve Bank of India (RBI) in April last year, and this is making their social life hard. The peer-to-peer (P2P) system that was developed by cryptoasset exchanges has some voids in it and hackers have taken advantage of this to fraud people and most of them have become or are yet to be victims.
Apr 03, 2019 at 13:12
Crypto Exchange Halts Services due to Indian Regulations
Over the weekend, an India-based crypto exchange shut down its services, suspended trades and cancelled all open orders on March 30. Coindelta alludes to its financial issues and the Reserve Bank of India’s (RBI) stringent cryptocurrency regulations as one of the main reasons forcing the exchange to lay down tools.
Mar 31, 2019 at 15:42
Supreme Court of India Extends Crypto vs RBI Hearing to July
The Supreme Court of India, the country’s top judiciary body, has extended the cryptocurrency case hearing after receiving an official request from the government’s counsel. It was expected that the court could hear about the India’s crypto regulation on March 29 before continuing to address the banking ban by the country’s central bank. The case has now been deferred up to July.
Feb 26, 2019 at 16:32
Court Gives India 30 Days to Draft DLT & Crypto Regulations
The Indian government has been cautious of Blockchain and digital currencies and for good reason. The series of scams conveyed from India has been the government’s plan. Nevertheless, the current turn of events, the Supreme Court has asked the government of India to draft the blockchain (DLT) and cryptocurrency regulations for the nation in just four weeks.
Dec 29, 2018 at 15:11
India Considering Crypto Legitimization Under Concrete Regulation, Plans to Lift Ban
A committee headed by Subhash Chandra Garg, the Secretary Department of Economic Affairs, responsible for giving recommendations for the regulatory framework associated with cryptoassets in India is purportedly evaluating the legitimization of the asset class under concrete regulation. There is a common consensus that digital currency can’t be disregarded as entirely illegal.
Jul 14, 2018 at 09:56
Crypto to be Treated as a Commodity in India as Lifting of Ban is Underway
India's government official has revealed that the country's Authorities are more likely to consider cryptocurrency ban and start treating them as commodities. Citing a superior government official who is more involved in the currently happening regulatory discussion in the cryptocurrency periphery, India is more unlikely to oblige a blanket ban on cryptos regardless the latest-enforced central bank authoritative command that forbids banks from offering services to the various burgeoning sector.
1 2 3 ... 5