Materials by tag India

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.
Feb 23, 2019 at 13:23
Bitcoin is Entirely Legal in More Than 111 Countries Worldwide
One decade down the road, Bitcoin, the flagship cryptocurrency, has managed to jump to fame and adoption beyond borders, surpassed the expectation of any cryptocurrency maniac or even its real inventor Satoshi Nakamoto. Coin Dance, a crypto pioneer, recently carried out a survey and found out that BTC is currently entirely legal in more than 111 great countries globally.
Feb 05, 2019 at 11:28
Indian Government is in Fear of Cryptos Sweeping Out Rupee Fiat Currency
The risks associated with digital currencies such as Bitcoin (BTC) are very clear. The dark side of the cryptocurrency revolution includes terrorism financing, money laundering, drug dealing, sex, violence, gambling and more. But a prominent panel tasked with drafting rules for the crypto industry in India is now haunted by its impact on a less-tapped field.
Jan 24, 2019 at 13:32
India: IDRBT Suggests Roadmap & Blueprint for Blockchain & Crypto
India holds a big global economy that is now facing a rapid growth of use cases for blockchain and cryptocurrency markets. Taking demand into account, India plans to design a suitable roadmap for distributed ledger technology (DLT) soon or later, according to the report by Financial Express.
Jan 14, 2019 at 11:56
Reserve Bank of India Forces Customers to Abandon Dealing with Cryptoassets
The Reserve Bank of India (RBI) is allegedly forcing the clients of the commercial banking institutions to completely abandon cryptocurrencies including bitcoin (BTC) and stop operating any kind of business activity related to cryptoassets. In case the client wants to set up a new bank account in any commercial banking institution in the country, he or she is forced to sign documents which in this case read that they shan’t deal in any digital currency transactions from their bank accounts.
Jan 06, 2019 at 15:40
India: RBI Postpones Plan to Establish National Crypto ‘CBDC’
The Reserve Bank of India (RBI) has postponed its plan to roll out a national crypto, as reported by Business Line, a local news outlet on Tuesday, January 1, 2019.
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.
Dec 12, 2018 at 13:08
Indian Government Panel Proposes Deeming Virtual Currency Dealings Illicit & Illegal
Putting conjecture on cryptos such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) to an end, a government panel has proposed formulating a new strong law that will regulate that field, according to sources familiar with the matter. The panel revealed that all those currencies must be deemed ‘illegal,’ CNBC TV18 reported on Friday, December 7, 2018.
Oct 11, 2018 at 12:10
Indian Government to Develop its Own Crypto After Prohibiting all Other Cryptos Within its Borders
Some time back, the Indian Reserve Bank (RBI) was working tirelessly to sweep Cryptos out of the nation, but it appears that the government may have an ace up its sleeve to annex that effort.
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