2019-1-5 21:32 |
The Reserve Bank of India issues its annual financial report, stating that cryptocurrencies pose no threat to the financial industry.
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According to the number of searches this month, Dogecoin is the most searched financial term on Google in India, ahead of Sensex, Nifty, Bitcoin, or Mutual Fund, reported the country’s leading financial daily The Economic Times.
2021-5-20 16:13 | |
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The Financial Stability Board, a global inter-governmental body with over 20 member countries, has ruled that virtual currencies are not a threat to the world economy. The assessment could have an impact on India, whose central bank is part of the board.
2019-1-5 11:38 | |
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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.
2019-1-3 08:00 | |
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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.
2018-12-28 02:16 | |
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Quartz India reports that financial regulators in the region could be drafting official cryptocurrency regulations before the end of the year. Indian lawmakers have been under heavy pressure in recent months by crypto traders and startups to clarify the unofficial cryptocurrency ban that came into effect in July.
2018-11-23 21:10 | |
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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).
2018-11-23 21:00 | |
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The trial will target the Indian banking system with a shared distributed ledger technology.
2018-11-22 22:03 | |
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In May, Google launched Neighbourly, a Q&A app to help you learn more about your neighborhood by asking people who live near you. The company kicked off a trial in India’s financial capital of Mumbai, followed by seven smaller cities.
2018-11-21 10:55 | |
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Quartz reports that the Indian government is set to lay out a draft of its regulations for cryptocurrencies next month – clarifying its stance on how these digital assets can be used and traded in the country.
2018-11-20 10:23 | |
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The British banking giant HSBC has reportedly executed the very first overseas financial transaction of Reliance Industries (RIL) to a US-based client using blockchain technology. “The Use of Blockchain Offers Significant Potential” Despite the tension surrounding cryptocurrencies in India, HSBC has purportedly carried out the very first overseas financial transaction using blockchain-based technology.
2018-11-6 11:00 | |
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India’s Reliance Industries Embraces Blockchain Technology Recently, Reliance Industries used blockchain technology to facilitate an international financial transaction. The company is owned by the wealthiest individual in India, Mukesh Ambani, and mainly deals with petroleum products.
2018-11-5 21:52 | |
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Indian regulatory body the Financial Stability and Development Council (FSDC) is considering measures to ban the use of private cryptocurrencies while encouraging distributed ledger technology instead, after a meeting on Thursday.
2018-11-1 16:00 | |
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According to a report published by the Indian government press center on October 31, India’s secretary of Economic Affairs has recommended that the country’s Ministry of Finance to impose a ban on “private cryptocurrencies”.
2018-11-1 09:36 | |
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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.
2018-11-1 00:42 | |
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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.
2018-11-1 22:37 | |
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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.
2018-11-1 22:05 | |
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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.
2018-10-31 17:07 | |
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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.
2018-10-25 11:48 | |
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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.
2018-10-23 14:29 | |
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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.
2018-10-19 22:58 | |
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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.
2018-10-2 21:00 | |
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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.
2018-9-21 17:49 | |
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India's top executive body has granted approval for the Exim Bank to conduct research into how blockchain technology may benefit the financial sector.
2018-9-12 21:05 | |
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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.
2018-9-6 19:54 | |
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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.
2018-9-4 14:29 | |
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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.
2018-9-4 16:05 | |
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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.
2018-9-1 02:44 | |
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The new department will work to strengthen the knowledge of the Reserve Bank of India on new and emerging financial technologies.
2018-8-28 18:45 | |
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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.
2018-8-20 21:40 | |
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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.
2018-8-14 14:00 | |
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India may allow crypto tokens for financial transactions while maintaining its negative stance on cryptocurrencies.
2018-8-13 08:49 | |
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ConsenSys, the Ethereum production studio based in the U. S. , launched ConsenSys Ventures last year selecting Kavita Gupta to run two funds of $50 million and $100 million.
2018-8-6 17:40 | |
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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.
2018-8-3 05:15 | |
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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.
2018-7-29 11:53 | |
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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.
2018-7-26 20:24 | |
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The Swiss Financial Market Supervisory Authority (FINMA) has met with representatives of the country’s banking sector in the hopes of stemming a nascent exodus among cryptocurrency companies from Switzerland.
2018-7-25 22:45 | |
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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.
2018-7-23 18:10 | |
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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.
2018-7-22 17:22 | |
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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.
2018-7-22 04:49 | |
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Disclaimer – This portal is banned in India. The trading robots including the Bitcoin Trading Robots are software programs, which carry a set of written codes that directly communicate with financial exchanges.
2018-7-22 23:27 | |
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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.
2018-7-20 19:39 | |
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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.
2018-7-18 10:00 | |
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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 […]
2018-7-13 23:17 | |
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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.
2018-7-13 10:32 | |
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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.
2018-7-13 01:41 | |
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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.
2018-7-7 04:07 | |
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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.
2018-7-7 00:00 | |
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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.
2018-7-6 20:57 | |
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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.
2018-7-6 01:52 | |
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Bhutan, the Himalayan kingdom renowned for its happiness index, has seen its Bitcoin holdings surge to over $1 billion as the crypto market rallies. Arkham, in data shared via X on Nov. 11, revealed that the Royal Government of Bhutan’s…
Government-held Bitcoin reserves highlight the significant influence of state actions on crypto markets, potentially shaping future digital finance regulations. The post Bitcoin held by governments near $33 billion mark appeared first on Crypto Briefing.
Bitcoin's inability to surpass $60,000 despite reduced selling pressure from Germany highlights ongoing market volatility and external influences. The post Bitcoin struggles to break key level amid easing selling pressure from German government appeared first on Crypto Briefing.
His predecessor, Andrew Griffith, will head up the Department for Science, Innovation and Technology.
Nigeria’s communication ministry said the Code Clubs will introduce young participants to coding and digital technology and encourage them to deploy creative problem-solving in their everyday lives.
According to official data available publicly, the state of Maine currently holds over $328 million in unclaimed property.
New blockchain-based apps like Truflation could be a “healthy development,” given that gauging inflation is more art than science.