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India’s Central Bank RBI Still Has ‘Major Concerns’ About Crypto After Saying Ban No Longer Valid
The governor of the Reserve Bank of India (RBI), Shaktikanta Das, has clarified the central bank’s position regarding cryptocurrency. His statements followed a notice published by the RBI telling banks that its crypto banking restriction is no longer valid and cannot be cited. дальше »
2021-6-5 17:00 | |
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Indian Govt to Pitch Bitcoin Ban Bill in January
The Indian government is planning to introduce its controversial bitcoin ban bill in December-January parliamentary session, according to local crypto news provider Crypto Kanoon. The decision surfaced during an ongoing court hearing between the Reserve Bank of India (RBI) and regional cryptocurrency exchanges. дальше »
2019-8-8 15:00 | |
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India’s Crypto Dial Leaned Regulation Before Central Bank’s ‘Ban’ Shove
India – that has proposed a total ban on crypto yesterday – had planned to regulate digital currencies at first but the Reserve Bank of India (RBI) has forced the inter-ministerial cryptocurrency committee to prohibit the digital assets. дальше »
2019-7-27 13:13 | |
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RBI Forced Inter-ministerial Panel to Propose Ban on Bitcoin: Report
The central government initially wanted to regulate the bitcoin sector but changed its stand due to objection from the Reserve Bank of India (RBI), reports Business Standard. The Indian daily claimed that Economic Affairs Secretary Subhash Chandra Garg, who was heading the interministerial committee to study cryptocurrencies, favored regulating them. дальше »
2019-7-23 16:00 | |
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India isn’t keen on Facebook’s Libra ‘cryptocurrency’
Facebook’s new digital currency Libra has received an early jolt from the Indian government. The authorities in Asia’s third-largest economy are no more keen on the social media giant’s project than any cryptocurrency that came before it. дальше »
2019-7-8 15:48 | |
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Reserve Bank Of India Works To Create New Blockchain Banking Platform For Government
The Reserve Bank of India (RBI), the central bank of the country, is currently working on a blockchain platform for banking in its R&D branch. The information was released in a report by BusinessLine on June 28. дальше »
2019-6-29 01:44 | |
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RBI Crypto Banking Ban Shutters Another Indian Exchange
Indian crypto exchange Koinex announced it will be ceasing operations as a result of the Reserve Bank of India's ban on banks offering services to crypto-related firms.
дальше »2019-6-28 19:32 | |
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HSBC takes the crypto-leap; educates customers on Bitcoin, cryptocurrency and blockchain technology
Last year, India’s central bank, the Reserve Bank of India, had released a circular prohibiting banks from providing services to both individuals and business involved in trading or holding cryptocurrencies. дальше »
2019-6-27 18:30 | |
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India's Frightening 10-Yr Crypto FUD Jail Term Kills Bitcoin Exchange Koinex
The move by the Reserve Bank of India (RBI) to ban banks from offering their services to cryptocurrency-related businesses has claimed another victim – Koinex crypto exchange. ‘Sad day for India’s crypto sector’ In a blog post, the co-founder and CEO of Koinex, Rahul Raj, announced that the exchange’s last day of business would be […] The post India's Frightening 10-Yr Crypto FUD Jail Term Kills Bitcoin Exchange Koinex appeared first on CCN Markets дальше »
2019-6-28 16:55 | |
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Economic Times Implores On Indian Authorities To Embrace Cryptocurrencies, Not Block Bitcoin
Although there are plans to release a digital rupee, there is reportedly a plan to ban cryptos altogether in India. For several years, India’s politicians and elites have been the impediments to a thriving crypto industry in the country. дальше »
2019-6-26 00:01 | |
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India’s Crypto Ban Predictably Triggers Massive Bitcoin Price Premiums
By CCN Markets: The bitcoin price has reached $11,200 at its peak earlier this month on major exchanges including Bitstamp and Coinbase following a large spike in volume and overall interest. According to reports, bitcoin is trading higher in India and Iran with premiums ranging from 5 to 30 percent, two regions that have practically restricted bitcoin trading. дальше »
2019-6-24 13:05 | |
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Facebook Yet To Speak With RBI About Its Libra Project
With the Royal Bank of India (RBI) looking to find out whether or not Libra will operate on a "closed system," reports indicate Facebook is yet to meet with RBI officials or anyone within the Indian government. дальше »
2019-6-21 00:25 | |
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Facebook’s Crypto Libra May Kill Launch in India, Its Biggest Market: Report
By CCN Markets: Facebook’s cryptocurrency Libra is expected to change the way payments are made across the globe when it launches next year, but there’s one market that the social media giant might be giving a miss – India. дальше »
2019-6-21 13:26 | |
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What Bitcoin Ban? Indian Central Bank Denies Involvement in Crypto Ban Bill
By CCN Markets: The Reserve Bank of India (RBI) has denied knowledge of a proposed bill which would see Bitcoin and crypto ownership in India made entirely illegal. Reports surfaced last week that lawmakers in India were working on legislation that could carry a 10-year prison sentence for anyone caught holding cryptocurrency. дальше »
2019-6-17 12:23 | |
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Bitcoin and RBI: Is It A Case Of Murphy’s Law For BTC Supporters?
Bitcoin drop 7. 4 percent Reserve Bank of India could get a boost with the latest draft bill proposing more stringent measures against crypto investors and developers. Yesterday’s FUD that India’s legislators are proposing a ban of cryptocurrency mining, trading or holding did expose RBI’s underbelly. дальше »
2019-6-8 20:00 | |
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Reserve Bank Of India Denies Involvement In Proposed Bill To Ban Crypto
After a report suggested that several government departments had backed a complete ban on the “sale, purchase and issuance of all types of cryptocurrency" in India, the RBI issued a statement claiming to have had no involvement in the proposed law. дальше »
2019-6-7 19:32 | |
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Bitcoin Will be Much More Expensive in India Under Modi’s Government
By CCN: The re-election of Narendra Modi as India’s prime minister is going to make bitcoin trading come with a premium in the country. It is partially due to a full-fledged trading market that went underground abruptly owing to a blanket ban announced by the Reserve Bank of India (RBI). дальше »
2019-6-5 10:18 | |
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India: Lobby Groups Ask the RBI to Include Crypto, ICOs in Regulatory Sandbox
In a bid to ensure that India doesn’t fall behind in the global cryptocurrency race, tech industry lobby groups and crypto startup founders have asked India’s apex bank, the Reserve Bank of India (RBI), to include crypto-assets and digital tokens in its proposed regulatory sandbox framework for the fintech industry. дальше »
2019-5-17 13:00 | |
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Powerful Indian Tech Lobby Urges Central Bank to Favor Bitcoin Startups
By CCN: Dominant Indian tech lobby, NASSCOM, is pushing the Reserve Bank of India to be inclusive with cryptocurrencies like bitcoin in its regulatory sandbox to shape the future of the country’s fintech industry. дальше »
2019-5-17 11:01 | |
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India: Nasscom pushes Reserve Bank of India to consider crypto, crypto-related assets in its regulatory sandbox framework
In April 2019, the Reserve Bank of India [RBI] had announced that it was working on ‘Draft Enabling Framework for Regulatory Sandbox’. This draft had excluded Cryptocurrency, Initial Coin Offering, credit registry, and other crypto-related assets and there had been rumors of the government of India banning crypto. дальше »
2019-5-17 20:30 | |
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Indian Central Bank Being Pushed to Include Crypto in its Regulatory Sandbox
NASSCOM: Including crypto would help RBI develop a better understanding of risks Payments Council of India says crypto should be a part of the sandbox as there is no outright bank Technology industry lobby groups along with startup founders are asking the banking regulator, Reserve bank of India to include cryptocurrency in its proposed regulatory […] дальше »
2019-5-16 20:28 | |
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Austrian Bank Raiffeisen Announces R3 Corda Marco Polo For Trade Finance Partnership
The Austrian Raiffeisen Bank International (RBI) has recently announced that it will be working with R3’s Marco Polo blockchain network. They will be using this blockchain platform for trade finance. дальше »
2019-5-9 00:59 | |
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State of Cryptocurencies and Blockchain Technology in India
After the recent announcement of a bill that will potentially ban virtual currency in India, BTCManager has summarized reports from the Reserve Bank of India (RBI) and the litigation surrounding the current blanket ban. дальше »
2019-5-1 21:00 | |
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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. дальше »
2019-4-26 19:00 | |
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India is Preparing a ‘Banning of Cryptocurrencies’ Bill
Bitcoin stakeholders in India are decrying the decision by the country’s central bank to exclude cryptocurrency-related businesses in its recently released regulatory sandbox for fintech firms. Meanwhile, reports have emerged that the government is looking to ban cryptocurrencies entirely. дальше »
2019-4-26 12:00 | |
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India: RBI Omits Cryptocurrency-Based Projects from Fintech Regulatory Sandbox
The Reserve Bank of India (RBI) on April 18, 2019, published the terms of its fintech-focused regulatory sandbox. While the report highlights the importance of blockchain technology for various applications, it explicitly rejects all sorts of cryptocurrency-based businesses from being included in the sandbox. дальше »
2019-4-20 21:00 | |
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Cryptocurrencies Excluded From India’s Fintech Regulatory Sandbox
The Reserve Bank of India (RBI) has published its Fintech Regulatory Sandbox report. While cryptocurrencies could be included in the future, the bank noted that their services might not be accepted for testing currently. дальше »
2019-4-19 17:29 | |
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India Shuns Bitcoin Legalization Again, Excludes Crypto Startups from Fintech Sandbox
By CCN. com: The Reserve Bank of India (RBI) has published its official document on a draft framework for fintech regulatory sandbox entitled “Draft Enabling Framework for Regulatory Sandbox. ” The document explicitly excluded crypto assets like bitcoin, demonstrating a lack of intent to regulate the local crypto market. дальше »
2019-4-19 14:13 | |
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RBI Excludes Cryptocurrency From Indian Regulatory Sandbox
India’s central bank, the Reserve Bank of India (RBI), has unveiled its framework for a fintech regulatory sandbox. While blockchain and smart contracts are welcomed, the bank stated that cryptocurrency and related services “may not be accepted for testing. дальше »
2019-4-19 09:31 | |
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Cryptocurrencies Not Welcome at Reserve Bank of India (RBI) New FinTech Regulatory Sandbox
On Thursday, April 18, 2019, the Reserve Bank of India (RBI) released a report on what they refer to as the “Regulatory Sandbox” (RS), which explores the different facets of FinTech. The reason for such publication stems for the general public as reported by RBI. дальше »
2019-4-18 23:31 | |
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India’s Supreme Court Delays Crypto vs Central Bank Fight to July
By CCN. com: The courtroom battle between the Indian cryptocurrency exchanges and the Reserve Bank of India (RBI) has reached its ninth month but remains far from conclusion. On March 29, the Supreme Court of India moved the hearing to a new date in July. дальше »
2019-4-4 11:21 | |
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Coindelta Becomes the Latest Victim of India’s Bitcoin Ban
Coindelta, an Indian cryptocurrency exchange platform, has announced its decision to cease operations in the country, citing operational difficulties. The platform published a blog post on its Medium account at the end of March 2019, blaming the Reserve Bank of India (RBI) ban on exchanges maintaining accounts with Indian commercial banks as the reason forRead More дальше »
2019-4-1 19:00 | |
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Indian crypto exchange WazirX offers refund on withdrawal fees for users moving from Coindelta
Coindelta joins the list of crypto exchanges shutting down in India, owing to the lack of regulations and the ongoing Reserve Bank of India [RBI] ban on crypto transactions. Coindelta ceased operations on 30 March at 2 pm IST, announcing the same via a blog, “It has been really difficult for us to operate Coindelta exchange […] The post Indian crypto exchange WazirX offers refund on withdrawal fees for users moving from Coindelta appeared first on AMBCrypto. дальше »
2019-3-31 20:00 | |
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Why India’s Bitcoin ‘Ban’ Could Disappear after March 29 Hearing
Since July 2018, due to a circular released by the Reserve Bank of India (RBI) in April, local banks were prohibited from dealing with bitcoin and cryptocurrency exchanges by the central bank. Last month, the Supreme Court of India provided the government four weeks to draft a cryptocurrency regulatory framework, which would decide the legal landscape of the cryptocurrency market in India for the foreseeable future. дальше »
2019-3-26 08:30 | |
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How Indian Crypto Enthusiasts Can Help Influence Regulation and Lift the RBI Ban
The Indian crypto community is ramping up its efforts to bring about positive crypto regulation and an end to the banking ban imposed by the country’s central bank. There are several ways Indian crypto enthusiasts can join in on the efforts, the CEO of a local crypto exchange, who has been running a popular social […] The post How Indian Crypto Enthusiasts Can Help Influence Regulation and Lift the RBI Ban appeared first on Bitcoin News. дальше »
2019-3-25 13:45 | |
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India’s Potential Crypto Regulatory Framework to Be Presented at the Supreme Court Shortly
India’s perspective on cryptocurrencies has been quite cold, especially on the central bank, the Reserve Bank of India’s (RBI) end. Bitcoin Exchange Guide (BEG) reported on multiple instances how they have been consistently shutting down the idea, to which native traders were getting frustrated. дальше »
2019-3-24 20:40 | |
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Questions Arise About India’s Understanding of Implementing Bitcoin Regulations Thoroughly
India is currently moving towards unclear and clueless Bitcoin (BTC) and cryptocurrency regulations. Although there are several ways to regulate digital currencies, India seems not to have a clear path about what they want to achieve. дальше »
2019-3-8 19:49 | |
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Warning: India is Heading Towards Clueless Bitcoin Regulation, Here’s Why
When the Reserve Bank of India (RBI) warned its citizens about the risks of trading and holding cryptocurrencies in December 2013, it was a reformist move. Cryptocurrencies, or should we say bitcoin, was a new phenomenon back then. дальше »
2019-3-7 13:35 | |
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Indian Official Tries to Condemn Bitcoin by Calling it a Shiny Toy But Ends Up Praising It Instead
An advocate practicing in the Supreme Court of India wants the government and regulators to treat bitcoin like a shiny new toy. Abraham C Mathews said in an opinion column published Monday that the Reserve Bank of India (RBI) had no structure in place to enforce crypto regulations – even if it wanted to. дальше »
2019-3-4 15:13 | |
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India’s Supreme Court Sets 4-Week Deadline for Government to Regulate Cryptocurrency
Time is running out for the Indian government and the Reserve Bank of India to ignore/wholesale ban cryptocurrency, according to a local publication called Inc42. Last April, as CCN reported, the RBI banned all financial institutions from working with cryptos. дальше »
2019-2-26 11:59 | |
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Indian Supreme Court Gives Government Deadline to Reach Decision on Crypto Regulations
The Supreme Court of India made a decision on February 25, 2019, to present the government with an ultimatum: Develop crypto regulations within the next four weeks or the court will make its own judgement. дальше »
2019-2-26 22:02 | |
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Will RBI’s Crypto Ban Stand? Supreme Court of India Orders for Clear Crypto Regulations
Bitcoin prices may be down but there is some wonderful development in India. Like China, cryptocurrency trading is illegal in the country thanks in part to the heavy handedness of the Reserve Bank of India. дальше »
2019-2-25 14:58 | |
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IDRBT to Leverage Blockchain Technology in the Indian Banking Industry
The Institute for Development and Research in Banking Technology (IDRBT) of Reserve Bank of India (RBI) has unveiled a blueprint for the implementation of blockchain technology in the Indian banking sector, reports Financial Express on January 23, 2019. дальше »
2019-1-24 14:00 | |
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Indian Supreme Court Pushes Crypto Case Against RBI to End of February
The case against the crypto banking ban by the Reserve Bank of India (RBI) was unexpectedly heard at the country’s supreme court on Thursday. However, senior advocates for the parties were reportedly absent, so a new date has been set and the crypto case will be “top of the list” on that date. дальше »
2019-1-17 14:53 | |
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Two Major Banks in India, Digibank and Kotak, Close Customer Accounts for Bitcoin Associations
India’s crypto industry is having a hard time since 2018. You have probably heard all about it. Last year, the Reserve Bank of India (RBI) has banned all banks from offering accounts to crypto companies in which was known as the Indian Crypto Ban in the industry. However, things, which looked like they could be […] дальше »
2019-1-15 22:11 | |
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Индийские банки вынуждают клиентов держаться подальше от криптовалют
Крупные индийские банки берут с клиентов обязательства не участвовать в транзакциях, связанных с торговлей криптовалютами, угрожая блокировкой счета без предупреждения. Пользователь Twitter под ником Indian CryptoGirl опубликовала скриншот требования одного из крупнейших банков страны — Kotak Mahindra Bank — при открытии счета. дальше »
2019-1-11 16:29 | |
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Reserve Bank of India (RBI) Fights Against Crypto, Forces Customers to Reject Digital Assets
The Reserve Bank of India, one of the biggest in India according to report, is forcing customers to reject accepting cryptocurrency or doing any crypto related transactions. New customers are instructed during account opening to sign documents which state they would not deal with any crypto related transactions. дальше »
2019-1-11 14:28 | |
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Indian Central Bank’s Report Shows Cryptocurrencies Are Not Currently a Threat
The Reserve Bank of India (RBI) has published a report indicating that cryptocurrencies are not a threat currently. However, the central bank says, with rapid growth and adoption of cryptocurrencies, this assessment could change, adding that constant monitoring of cryptocurrencies is needed. дальше »
2019-1-4 14:15 | |
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RBI Stalls Creation of Indian Cryptocurrency
According to multiple news reports doing the rounds in India, the Indian Central Bank; the Reserve Bank of India, has stalled its plans of releasing its own cryptocurrency. The most recent report claiming the same was on Business Line on 1st of January. дальше »
2019-1-3 12:22 | |
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India: RBI Stalls its Plans to Launch Central Bank Digital Currency
According to a report from Business Line, published on January 1, 2019, the Reserve Bank of India (RBI) has stalled its plan to launch a national digital currency. Too Early for Central Bank Digital Currency The cryptocurrency ecosystem in India has been plagued with confusion and indecisiveness, and the latest decision by the country’s financial watchdog is no exception. дальше »
2019-1-3 08:00 | |
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