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Indian Government Continues to Subdue Crypto Market with Potential Ban on Using Bitcoin
Indian Government Continues to Subdue Cryptocurrency Market with Potential Ban on Using Crypto India has kept an aggressive stance against cryptocurrency for quite some time, but it seems that they are not coming up short on ways to restrict consumers from using it. дальше »
2018-11-1 00:42 | |
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Indian Officials Consider Ban on “Private Cryptocurrencies”
Agents of the Indian government have met to formally discuss a possible ban on private cryptocurrency holdings in the nation. On October 30, 2018, the Financial Stability and Development Council (FSDC) issued a press release detailing their recent meeting where they “reviewed the current global and domestic economic situation and financial sector performance. дальше »
2018-11-1 22:37 | |
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Cryptocurrency Faces Blanket Ban in India
India appears set to completely ban cryptocurrency operations within its borders, judging from the latest reports issued by government officials. Cryptocurrency Ban is Imminent On Tuesday (October 30), during a meeting of the Financial Stability and Development Council (FSDC), one of the agendas included digital currency. дальше »
2018-11-1 22:05 | |
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India considers outlawing cryptocurrency use (but blockchain is still cool)
It seems India has no intention of slowing down its crusade against cryptocurrencies – but at least, it might be open to experimenting with distributed ledger tech. Following a meeting of the Financial Stability and Development Council (FSDC), the government is contemplating devising an appropriate legal framework to ban the use of cryptocurrency in India – and encourage experimenting with distributed ledgers instead. дальше »
2018-10-31 17:07 | |
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XRP, Bitcoin (BTC), Ethereum (ETH) ATM Seized By Indian Authorities
Indian Regulators Crack Down On XRP, Bitcoin, Ethereum ATMs In spite of India’s willingness to accept blockchain technologies with open arms, in April, the Reserve Bank of India (RBI) enacted measures to break up relationships between local financial institutions and cryptocurrency platforms. дальше »
2018-10-25 11:48 | |
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Financial Action Task Force’s Crypto Guidelines Set for June 2019
Regulation of cryptocurrencies has been a major problem for countries that want to make use of their unique features. Countries like China and India have a hawkish stance on digital coins and have tried to curb their local crypto markets. дальше »
2018-10-23 14:29 | |
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New BitConnect Class Action Combines All Former Suits — And Targets Youtube
According to recent court documents, an Amended Consolidated Class Action Complaint has been filed at a U. S. District Court for the Southern District of Florida against BitConnect. дальше »
2018-10-19 22:58 | |
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Zebpay’s Co-Founder is Still “Bullish on Bitcoin” Despite Exchange Closure
Sandeep Goenka recently closed down his Bitcoin exchange in India, but he remains optimistic towards the digital currency that began the financial decentralization movement. In his latest tweet, the co-founder of the now-defunct Zebpay said that he is more bullish on Bitcoin than he ever was. дальше »
2018-10-2 21:00 | |
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Hackers Have Been Secretly Using Indian Government Sites to Mine Cryptos
India is one of those few countries where the status of cryptocurrencies remains uncertain. Reserve Bank of India, the country’s central bank, has been adamant in its stance and does not want financial institutions to extend services in the crypto sector. дальше »
2018-9-21 17:49 | |
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Indian Financial Authorities Visit Regulators in Japan, UK and Switzerland on Crypto Study Tour
The Securities and Exchange Board of India reports that it has sent officials to Japan, the UK and Switzerland on a crypto study tour. The traveling officials aim to examine the relationship between cryptocurrency and financial regulators. дальше »
2018-9-6 19:54 | |
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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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Indian Officials Visit Regulators in Japan, UK, Switzerland to Study Crypto
The Securities and Exchange Board of India has sent officials to Japan, the UK, and Switzerland to study cryptocurrency and initial coin offerings from each of the three countries’ financial regulators. дальше »
2018-9-4 16:05 | |
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Central Bank of India Expresses Interest In State Backed Digital Currency
The Reserve Bank of India (RBI), India’s central bank, is expressing interest in introducing a rupee-backed digital currency, the Financial Times reports. The RBI is currently facing financial strain due to the complexities of managing paper currency, and has consequently formed an inter-departmental group to determine if a state-backed digital currency could cut down costs. дальше »
2018-9-1 02:44 | |
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India Bitconnect Head Arrested
Alleged India Bitconnect head, Divyesh Darji, was arrested this week at an airport in Delhi as he arrived from Dubai. He and conspirators are accused of bilking millions of dollars (Rs 88,000 crore) from Indian investors seeking to find financial refuge during the government’s demonetization campaign. дальше »
2018-8-20 21:40 | |
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Reports: India’s Crypto Regulations Delayed, Government Considers ‘Crypto Tokens’
The Indian government previously planned to submit the proposal for crypto regulations in July. However, a senior official has revealed that the regulatory framework for cryptocurrencies in India has been delayed and will likely be ready by the year’s end. дальше »
2018-8-14 14:00 | |
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Indians Use Creative Means to Trade Bitcoin Amid RBI Ban
Indian crypto traders have found some creative ways to trade cryptocurrencies, especially bitcoin, to circumvent the crypto banking ban imposed by the country’s central bank. The Reserve Bank of India has banned financial institutions from providing services to companies dealing in cryptocurrency. дальше »
2018-8-3 05:15 | |
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Indian Economy could see a $5 billion upsurge thanks to blockchain says Nasscom
In a recent interview with Indo-Asian News Service [IANS], KS Viswanathan, Vice President [Industry Initiative] of Nasscom, the apex body of the $154 billion IT BPM industry in India, remarked about blockchain technology in India. дальше »
2018-7-29 11:53 | |
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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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Indian central bank calls for regulation of the crypto industry
Weeks after and four days after the resumption of hearing on the case between the cryptocurrency industry players and the central bank of India, the financial institution has conceded and called for the regulation of the industry in the country. дальше »
2018-7-23 18:10 | |
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Indian reserve bank urges the Supreme Court to regulate crypto!
India’s central bank, the Reserve Bank of India (RBI), has urged the country’s Supreme Court to regulate cryptocurrencies, local news outlet the Financial Express reports July 21. On July 19, the Supreme Court reportedly postponed the final hearing on the RBI’s ban on crypto dealings — originally scheduled for July 20 — to September 11. дальше »
2018-7-22 17:22 | |
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Crypto Coin use halted by the Indian Central Bank in Supreme Court case
Japan Confirms Entrance Into the Crypto Space RBI’s Argument The Reserve Bank of India (RBI), the country’s central bank, appeared before the supreme court Friday to defend its position regarding cryptocurrencies. дальше »
2018-7-22 04:49 | |
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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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Victims of India’s Bitcoin Scam Boss Offered Financial Restitution
Today, the Bitcoin price is much higher than what it was when we invested. Amit Bhardwaj and brother Vivek Bhardwaj after their arrest by Pune Police Efforts by FactorDaily to reach Zebpay for comment have been futile so far. дальше »
2018-7-18 10:00 | |
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India’s Zebpay Exchange Remains Confident in Financial Regulator’s Lifted Crypto Ban Possibility
India’s Financial Regulator’s Crypto Ban Might Be Lifted RBI, India’s Central Bank recently admitted to not having done thorough research on cryptocurrencies before issuing its crypto ban. This comes in the wake of a reply sent by the bank to a Right to Information query filed by a lawyer. Copies of the communication have been […] дальше »
2018-7-13 23:17 | |
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U.S. House Financial Services Committee Will Discuss if Cryptocurrencies are ‘The Future of Money’ Next Week
The U. S. House of Representatives Financial Services Committee announced today, July 12th, that it will be hosting a hearing titled “The Future of Money: Digital Currency” next Wednesday, July 18th. дальше »
2018-7-13 10:32 | |
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U.S. House Financial Services Committee Will Discuss if Cryptocurrencies are ‘The Future of Money’ Next Week
The U. S. House of Representatives Financial Services Committee announced today, July 12th, that it will be hosting a hearing titled “The Future of Money: Digital Currency” next Wednesday, July 18th. дальше »
2018-7-13 01:41 | |
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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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India Feeling the Effect of the RBI’s Crypto Ban as Zebpay Halts Fiat Transactions
It’s been a gloomy week for the crypto community in India. After three months of waiting for the Supreme Court to make a ruling on the petitions against the RBI’s directive in April, it finally happened on July 3. дальше »
2018-7-7 00:00 | |
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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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Indian Banks Banned from Participating in Cryptocurrency-Related Transactions
Today marks the official deadline by which Indian banks have to end any relationship with cryptocurrency exchanges. India’s federal government has had some of the harshest regulatory legislation aimed at cryptocurrencies of any country to date. дальше »
2018-7-6 01:52 | |
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Reserve Bank of India’s Ban on Cryptos Upheld by Supreme Court
The long-awaited decision by India’s highest court finally arrived, and the crypto community has lost. The drama began when the Reserve Bank issued a directive to all financial institutions in the country to cease offering financial services to the crypto industry. дальше »
2018-7-5 18:00 | |
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Supreme Court’s Decision on RBI’s Restrictions May Push Crypto Industry Towards a P2P Model
India’s top court just dealt a major blow to the cryptocurrency industry in the country. The nation’s crypto community was stunned when the Supreme Court refused to overturn the Reserve Bank of India’s (RBI) ban, which barred all financial institutions it regulates from dealing with cryptocurrencies. дальше »
2018-7-5 16:09 | |
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Court Says India’s Crypto Trade Bank Account Boycott Will Continue
India’s highest court has declined to end a ban enacted by the national central bank that bars the country’s crypto exchanges from doing business with regulated financial firms. Bloomberg reported Tuesday that the Indian Supreme Court, led by Chief Justice Dipak Misra, said that the Reserve Bank of India’s (RBI) prohibition on providing services to crypto-related дальше »
2018-7-3 21:52 | |
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RBI Forces Indian Banks to Cease All Cryptocurrency Activity in Two Days
Financial institutions in India have only two more days to close off relationships with individuals and firms dealing in cryptocurrencies. The Reserve Bank of India (RBI) gave a three-month window for activities to cease back in April which ends on July 5. дальше »
2018-7-3 17:30 | |
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Ripple To Make Waves Within Indian Remittance Services
A new post on the Ripple website discusses how Ripple plan to enter the Indian remittance economy. Ripple recognise just how large scale remittance payments are in India, given that according to Ripple, over the past few years, India has been the largest receiver of remittance payments, in 2017 alone, $69 Billion flowed into India through remittance services. дальше »
2018-6-30 15:00 | |
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NSE CTO Believes Blockchain Technology Can Transform Financial Service Sector
Attending the Cisco India Summit in Panaji, the Chief Technology Officer of the National Stock Exchange (NSE), Sankarson Banerjee, explained that blockchain technology could help strengthen the financial service sector by speeding up transactions and improving fraud detection. дальше »
2018-6-28 14:29 | |
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NSE Official Says Blockchain Technology Will Change Traditional Financial Systems
A senior official with the National Stock Exchange of India Limited (NSE) has admitted that blockchain holds a lot of promise for the financial sector and can change the traditional systems. On a side discussion during the fifth Cisco India Summit, Sankarson Banerjee said that “Blockchain is genuinely a different way of doing things. дальше »
2018-6-27 19:09 | |
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Ripple Improves Access to India with Kotak Mahindra Bank
Growth in the banking sector has skyrocketed: 80% of adults have a bank account in India, a figure that has more than doubled since 2011. India has also been the largest receiver of remittances over the last several years, with some $69 billion flowing into the country in 2017. дальше »
2018-6-27 19:04 | |
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Reserve Bank of India (RBI) to allow crypto trading in India, with conditions
The Reserve Bank of India (RBI) is planning to allow cryptocurrency trading with some level of restrictions. After a rather long wait for the cryptocurrency market in India, the financial regulator and institution; The RBI has announced, according to reports from Congencis, that the government is against the ban of cryptocurrencies in the country. дальше »
2018-6-13 17:39 | |
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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. дальше »
2018-6-13 16:00 | |
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Are The Reserve Bank Of India About To Admit Their Mistake?
The Reserve Bank of India (RBI) hit the headlines a few months ago through their sudden decision to cut out cryptocurrency activities within their personal and corporate customers. To keep a long story short, they decided to state that they would not provide banking or financial services to anyone who engaged within cryptocurrencies. дальше »
2018-6-13 15:30 | |
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