Materials by tag India

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.
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.
Jul 02, 2018 at 10:56
BuyUcoin Study: Indian Females Double Males in Investing Cryptocurrency
It looks like women in India are more financially positive than men when it comes to cryptocurrency world, according to the survey done by BuyUcoin, the giant Indian crypto exchange. BuyUcoin indicated that the information that was published in a tweet on June 28th, shows that on average, women invest more than men in cryptocurrency from India.
Jun 15, 2018 at 11:56
Cryptocurrency Trading was Illegally Banned by India’s Central Bank, No Answers Yet
The Reserve Bank of India replied to an enquiry looking for explanations for its rationale to proscribe banks from dealing with the cryptocurrency industry and acknowledged that it did not conduct any research anterior to its precludable action.
Jun 07, 2018 at 13:15
Over 25,000 Investors Lose Crores in India, Criminals Escapes
India’s crime branch, the firm that operated for two full years under the garb of a real estate firm, exposed cryptocurrency scam worth 100 crores on 5th June in Thane, Mumbai.
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