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India’s Central Bank RBI Urges Banks to Cut Ties With Crypto Businesses and Traders: Report
India’s central bank, the Reserve Bank of India (RBI), has reportedly informally asked banks to cut ties with cryptocurrency exchanges and traders. Some banks in India have limited their exposure to the crypto market and some plan to stop all crypto-related transactions. дальше »
2021-5-14 13:00 | |
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India’s Crypto Ban Implementation Will Now Be Decided By Individual Banks
The National Payments Corporation of India (NPCI) – an umbrella organization in charge of operating retail payments and settlement systems in India – has made a decision not to place a ban on crypto trading in India, leaving it to banks to make that choice according to their various inclinations. This public revelation is necessary […] дальше »
2021-5-8 17:23 | |
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Banks in India: Don’t Touch Bitcoin Or Your Accounts Will Be Closed
Reports on social media indicate that banks in India are threatening customers that deal in Bitcoin and other cryptocurrencies with the closure of their accounts. This move is the latest salvo from the banking industry in a country where cryptos seem all but banned. дальше »
2019-1-12 17:00 | |
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India May Legalize Bitcoin Under “Strong” Rules
India could be making a U-turn on its directives for cryptocurrencies. Per reports from the New India Express, a second interdisciplinary committee set up by the Indian government is considering making cryptocurrencies legal in the country again but with more stringent rules. дальше »
2018-12-28 02:16 | |
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SWIFT India Shakes Hands with FinTech Provider MonetaGo for a Blockchain Banking Solution
CoinSpeaker SWIFT India Shakes Hands with FinTech Provider MonetaGo for a Blockchain Banking Solution The partnership is aimed at developing a pilot program that will benefit all Indian banks, allowing them to improve the efficiency and security of their products and procedures. дальше »
2018-11-23 11:52 | |
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SWIFT India Partners with MonetaGo to Trial Distributed Ledger Technology
SWIFT India, a joint venture between the Society for Worldwide Interbank Financial Telecommunication (SWIFT SCRL) and international and Indian Banks, recently partnered with MonetaGo, a fintech company, to trial distributed ledger technology (DLT). дальше »
2018-11-23 21:00 | |
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Cryptocurrency Regulations: India Finally Set to Release Draft Document in December
India might finally release the long-awaited regulatory draft on cryptocurrency before the end of the year. This comes in the midst of the current ban placed by the RBI, barring banks from dealing with cryptocurrency exchanges. дальше »
2018-11-20 19:09 | |
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Experts in Crypto Community Discuss India’s Bitcoin Ban Being Nearly Impossible to Accomplish
As you may have already heard, India is planning on banning cryptocurrencies. The Indian government does not love cryptos. Everyone who read the news when the government banned banks from having crypto exchanges as clients knows that their instance on the market is far from slightly good. At the moment, nobody is exactly sure how […] дальше »
2018-11-16 02:10 | |
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Cryptocurrency is Illegal in India, Confirms NASSCOM President
The president of the National Association of Software and Services Companies (NASSCOM) Debjani Ghosh has publicly announced to Indian citizens that cryptocurrency is illegal, reports local news outlet The Hindu. дальше »
2018-10-29 02:21 | |
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Reserve Bank of India’s (RBI) Cryptocurrency Ban to Get More Clarity in November
India Supreme Court Asks Government For Opinion on Cryptos Within 2 Weeks Recently, the Supreme Court of India has decided to ask the local government for an opinion on the cryptocurrencies and their market amid the fallout that was caused when banks were blocked from providing services to crypto exchanges. Yesterday, October 25, the Supreme […] дальше »
2018-10-27 21:45 | |
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Unocoin to Launch Crypto ATM in India Soon; BTC, XRP, and ETH Among Supported Coins
Indian cryptocurrency exchange Unocoin is launching the country’s first digital assets ATM, even as other nations grapple with stringent regulations and a ban on banks providing services to exchanges. дальше »
2018-10-14 18:00 | |
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RBI Ban Causes India’s ZebPay to Halt Exchange Services
Zebpay is one of India’s top cryptocurrency exchanges and many had expected it to weather the storm that is the currently standing RBI Ban. This ban prevents banks from offering services to any of its customers engaged in crypto trading activities. дальше »
2018-9-28 11:33 | |
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Former RBI Governor Stirs Up PMO India – Time For Better Banks
Bank frauds in India have opened a can of worms this year, leaving the public questioning concepts such as board, governance, public sector, bankruptcy, and investor transparency with anxiety and anger. дальше »
2018-9-13 14:50 | |
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India Cryptocurrency Winter Survivors: We Were Not Sleeping, But Hibernating
The RBI Circular was intended to put a pause button on cryptocurrency activity in India, but as the mandate that restrained banks to be involved in this space goes through debate, protests, and court pit-stops, beneath the surface a lot has transpired. дальше »
2018-9-11 05:15 | |
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TransferGo Banks on Ripple’s Blockchain Solutions for Indian Expansion
TransferGo, a digital payments solutions firm headquartered in London has announced that it has extended its remittance services to India. Per a press release published on September 5, 2018, TransferGo will serve its customers in India, enabling swift real-time remittances from “anywhere in Europe” with aid from Ripple’s blockchain solutions. дальше »
2018-9-11 21:00 | |
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Reserve Bank of India Could Be Softening Its Stance Towards Cryptos
India’s crypto community was shocked when the Reserve Bank of India (RBI) issued a circular on April 6, 2018, which prohibited banks and other financial institutions from providing any crypto-related service, revealing the RBI’s anti-crypto stance. дальше »
2018-9-4 14:29 | |
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Google rebrands its Tez payments app to Google Pay in India, adds instant loans
Last September, Google launched Tez, an app for instant money transfers in India. At its annual event in the capital of New Delhi, the company announced it’s rebranding the app to Google Pay. That means it’s unifying its global payments services with what it’s built for India. дальше »
2018-8-28 11:15 | |
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India’s Apex Bank Forms New Unit to Handle Blockchain Regulations
The Reserve Bank of India (RBI) – the country’s apex bank, has set up a department tasked with monitoring developments in cryptocurrency, blockchain technology, and artificial intelligence. This move comes as commercial banks are still prohibited from facilitating cryptocurrency transactions and the Supreme court decision on the matter expected later in September 2018. дальше »
2018-8-27 19:29 | |
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India: ICICI Bank Is Focusing on Blockchain for KYC, Trade, and Remittances
In an August 24, 2018, interview with YourStory, Abhijit Singh, Head of Technology at ICICI Bank, said he held a positive attitude towards the impact blockchain would have on the banking industry. More Mainstream Banks Open to Blockchain Although blockchain is widely perceived as a disruption to the banking sector, more and more mainstream banks are looking into ways to...The post %%POSTLINK%% appeared first on %%BLOGLINK%%. дальше »
2018-8-27 09:00 | |
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Banks Freeze Company’s Accounts After Owner Traded on Localbitcoins
The owner of cryptocurrency mining electric bicycle retailer, 50cycles, recently had his company’s accounts with HSBC and Barclays frozen within hours of transacting on peer-to-peer cryptocurrency trading platform, Locabitcoins. дальше »
2018-8-26 12:15 | |
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UK Banks Freeze Company’s Accounts After Owner Traded on Localbitcoins
The owner of cryptocurrency mining electric bicycle retailer, 50cycles, recently had his company’s accounts with HSBC and Barclays frozen within hours of transacting on peer-to-peer cryptocurrency trading platform, Locabitcoins. дальше »
2018-8-26 12:15 | |
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Ripple’s Network of Banks ‘RippleNet’ is Expanding to Asia, Middle East and Africa
Ripple expands into Asia and the Middle East as it partners with more banks to take the lion share in the market. The Managing Director of Ripple in India, Southeast Asia, the Middle East and North Africa, Navin Gupta reveals the strategy the company is taking in capturing the market in the middle east and […] дальше »
2018-8-12 19:27 | |
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Indian Lawyer: “RBI Policy will Drive Crypto Industry Underground”
Speaking at the inaugural International Blockchain Congress held in India on August 4, 2018, Jaideep Reddy, a prominent Indian lawyer and crypto market advisory specialist, has criticised the anti-crypto stance of the Reserve Bank of India (RBI) which prevents banks from carrying out transactions with crypto-related entities. дальше »
2018-8-7 12:00 | |
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Brazil, Russia, India, China & South Africa (BRICS) Banks To Explore Blockchain Benefits
The application of blockchain technology to a myriad of global developmental problems continues to be one of the most interesting aspects of the evolution of the tech in recent years. Countries with the willingness to apply the technology in unique and exciting ways are able to make impressive strides in terms of innovation. Blockchain technology […] дальше »
2018-7-27 10:38 | |
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Law Commission of India Recommends Use of Cryptos in Settling Gambling Transactions
Uncertainty continues to grip India’s crypto industry ever since the Rural Bank of India (RBI) imposed a ban on banks and other financial institutions, prohibiting them from dealing with cryptocurrencies. дальше »
2018-7-26 20:24 | |
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Legal Commission of India Suggests Cryptocurrencies are a Legitimate 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. дальше »
2018-7-26 08:28 | |
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Legal Commission of India Suggests Cryptocurrencies are a Legitimate 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. дальше »
2018-7-26 00:22 | |
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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. дальше »
2018-7-26 00:22 | |
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Indian banks suspending accounts that are tied to cryptocurrency exchanges
Exchanges “Deposits/Withdrawals Notice,” came the post title from popular Indian cryptocurrency exchange Unocoin this week. “As per orders from RBI,” the exchange explained, “bank INR withdrawals and INR Deposits have temporarily been disabled. дальше »
2018-7-24 11:41 | |
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Cryptocurrencies in India are at par with electronic means of payment, states the Law Commission of India
The Reserve Bank of India [RBI] has appealed for a ban on cryptographic forms of money, as to preclude the banks for conversion of digital currencies into Indian Rupee [INR]. On 3rd July, the Supreme Court of India [SC] held the hearing of Internet and Mobile Association of India, IAMAI vs RBI. According to the reports, […] дальше »
2018-7-24 00:15 | |
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How to Use Koinex Loop for Buying or Selling Bitcoins in India
Koinex Loop is a p2p token transaction network by Koinex, one of India’s leading exchanges. After the enforcement of RBI’s directive for banks to not engage with cryptocurrency firms, Indian users desperately needed more options for buying and selling cryptocurrencies. дальше »
2018-7-23 14:00 | |
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Indian crypto-community influencers speak up against the recent ban
In a recent discussion on cryptocurrencies in India, several companies have spoken up on the ban imposed by the Supreme Court of India, for banks to nullify their communication with cryptocurrency entities. дальше »
2018-7-23 23:03 | |
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India Has Become More Optimistic in Crypto as Big Companies Challenge Court
Crypto companies were heard in India today as they told the supreme court that the ban on banks interacting with cryptocurrencies is illegal. The global community has placed widespread pressure on the courts to stop the ban, as crypto exchanges have threatened to take their business elsewhere. дальше »
2018-7-21 16:00 | |
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Breaking news: RBI’s cryptocurrency prohibition continues, final arguments on 11th September
The Reserve Bank of India [RBI] petitioned a ban against cryptocurrencies, as to prohibit the banks for conversion of digital currencies to Indian Rupee [INR]. The hearing of lifting or proceeding with the ban was held today. дальше »
2018-7-21 02:25 | |
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India’s Supreme Court to Issue Final Ruling on RBI Cryptocurrency Ban in September
The Indian Supreme Court has adjourned its hearing of the petition against the Reserve Bank of India (RBI) ban on banks facilitating cryptocurrency transactions. The apex court will deliver its final judgment on the matter on September 11, 2018. дальше »
2018-7-21 01:00 | |
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India’s Supreme Court Upholds RBI Ban, Final Arguments To be Heard in September
Today was the proverbial D-Day for the cryptocurrency industry in India as the Supreme Court was scheduled to hear the case against the Reserve Bank of India (RBI) instituting a ban forbidding all commercial banks in the country from facilitating crypto related transactions. дальше »
2018-7-20 19:39 | |
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India Stands Still – Should Crypto Go or Stay ?
The biggest case involving the Indian cryptocurrencies market is scheduled to resume today as the Supreme court presides over a lawsuit filed by exchanges against the Reserve Bank of India (RBI). A directive by the central banking authority required that all banks in the country quit doing business with virtual currency exchanges on or before […] The post India Stands Still – Should Crypto Go or Stay ? appeared first on ZyCrypto. дальше »
2018-7-20 15:08 | |
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Is India About To Keep Its Crypto Trading Ban?
Brief history of cryptocurrencies in India India has not been perfectly cohesive in its stance toward crypto. If an Indian citizen wants to exchange crypto to fiat, then they will need to turn to marketplace exchanges or the black market, the Times of India explains. дальше »
2018-7-19 23:41 | |
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G20 Economics Group Want To See Worldwide Cryptocurrency Regulation
G20 (Group of 20) is a worldwide platform for Central Banks and Governments which includes authorities from countries all over the world. G20 membership consists of; Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States of America and the European Union. дальше »
2018-7-16 18:30 | |
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[Exclusive news] India might lift the blanket ban on crypto in India
After one week into the play of India’s central bank’s notice to all banks and companies dealing with cryptocurrencies, an anonymous source close to the government has suggested that the government is not looking at a blanket ban on the market and just may stay and subsequently scrap the RBI mandate, dated 6th of April. дальше »
2018-7-12 19:07 | |
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Indian Police want to sell crypto and get ahead of RBI ban
Regulation Indian police are reportedly facing a challenge of how to liquidate cryptocurrencies they seized since the country’s central bank, the Reserve Bank of India (RBI), has banned banks from providing services to crypto exchanges. дальше »
2018-7-8 01:02 | |
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Indian Police Seek to Sell Crypto and Bypass RBI Ban
Indian police are reportedly facing a challenge of how to liquidate cryptocurrencies they seized since the country’s central bank, the Reserve Bank of India (RBI), has banned banks from providing services to crypto exchanges. дальше »
2018-7-8 23:40 | |
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Coinome adds XRP trading pairs with Bitcoin Cash [BCH], Litecoin [LTC] and DigiByte [DGB]
Coinome hailed as India’s ‘safest exchange’, announced recently that they will be launching new trading pairs for XRP. This comes after the Reserve Bank of India asked financial institutions to not conduct transactions with cryptocurrency exchanges. дальше »
2018-7-7 04:07 | |
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Why India and China won't lift their crypto bans anytime soon
The highest court in India this week upheld the reserve bank's decree prohibiting the country's banks and other regulated lenders from dealing with or supporting any cryptocurrency-related services, including allowing customers to buy crypto with credit cards. дальше »
2018-7-8 04:00 | |
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John McAfee fires shots at RBI barring banks to deal with Bitcoin [BTC] and other VCs
John McAfee, on 6th July, posted an intriguing tweet against the Reserve Bank of India [RBI] urging financial institutions to dissociate themselves with the central bank. He also warned the institutions that he will ‘call for a boycott’ against those who deal with the RBI. дальше »
2018-7-6 20:57 | |
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