Bitcoin a ‘Major Concern’ for the Indian Government, if Used for Payments: Report

2019-2-10 12:15

India has long been a nation that has taken a hardline stance towards cryptocurrencies. The risks associated with digital currencies such as money laundering and terrorism funding have long fueled the Indian government’s approach to dealing with digital assets.

A panel of high-ranking officials tasked with the job of drafting new cryptocurrency regulatory framework for India is now concerned with its impact on the Rupee. In terms of cryptocurrency adoption in India, it seems the government is constantly looking for ways to downplay cryptocurrency’s role in the future of money instead of embracing it and integrating it into Indian society.

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Источник: ccn.com

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Фото:

Indian Government Mulling Blanket Ban on Cryptocurrencies

The government of India has drafted a bill to completely ban cryptocurrencies and regulate official digital currencies, reports The Economic Times, April 26, 2019. Things Go from Bad to Worse Since its inception, the growth of the Indian cryptocurrency ecosystem has been continually stalled due to government and Reserve Bank of India (RBI) diktats.

2019-4-26 19:00


Indian Lawyer Files Right To Information (RTI) Form Against RBI Crypto Ban

India continues to create controversy within their ever-evolving cryptocurrency field. As the government scrambles to decide how it will respond to both the significant profits and the prominent violations native to the country’s massive participation in the crypto Initial Coin Offering (ICO) markets, it has become important for citizens and lawyers alike to become more […]

2018-7-26 16:47


LCI Calls for Indian Government to Recognize Cryptocurrencies as a Legal Means for Electronic Payments

India continues to be a hotbed of controversy and confusion regarding all things cryptocurrency. The country has historically served as one of the most anti-cryptocurrency regions in the world, having put an outright ban on banks having any relationship with cryptocurrency exchanges earlier this month.

2018-7-26 00:22


Indian Exchange ZebPay Stops Allowing Rupee Withdrawals; Broader Indian Crypto Ecosystem Under Pressure

One of the largest crypto exchanges in India, ZebPay, announced that as of June 22, it could be stopping all withdrawals to fiat in Indian Rupee from its platform. This comes on the back of an April 5 declaration by the Indian government that all banks must stop acting as intermediaries between exchanges and their […] Indian Exchange ZebPay Stops Allowing Rupee Withdrawals; Broader Indian Crypto Ecosystem Under Pressure was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-6-23 14:28


Фото:

South Indian State of Kerala Uses Blockchian Technology in Food Supply and Distribution

The government of the South Indian state of Kerala will use blockchain for food supply and distribution, local news outlet Business Standard reported June 17. Chairman of K-DISC, KM Abraham, told Business Standard that each component of the supply network would have a separate ID number, through which its source, production, quality, and distribution could

2018-6-19 23:19


Фото:

India ‘Not in Favor’ of Banning Cryptocurrency (Reports)

The Indian government is reportedly “not in favor” of banning cryptocurrency, new sources claim June 13. Gov’t vs. Central Bank Citing local financial company Cogencis, local news media outlet Economic Times said a dedicated panel studying cryptocurrency “may suggest allowing cryptocurrency,” but with undisclosed “riders” – or provisos – about its usage.

2018-6-13 16:00


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