Indian Supreme Court Nullifies Cryptocurrency Ban
Mar 07, 2020 at 06:55
Recently, the Supreme Court of India nullified the decision by the Reserve Bank of India (RBI) putting a total ban on all virtual currency related dealings, according to reliable news outlet MENAFN.
India Shows Skepticism About Facebook Cryptocurrency
Jul 10, 2019 at 06:11
The Republic of India, the seventh-biggest nation by area geographically located in South Asia, has shown much disbelief in the new cryptocurrency owned by Facebook known as Libra aka GlobalCoin. In fact, the coin will not be allowed to operate in the country.
India: RBI Develops a Blockchain Platform for Banking
Jul 02, 2019 at 10:17
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.
Supreme Court of India Extends Crypto vs RBI Hearing to July
Mar 31, 2019 at 12:42
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.