India: Cryptocurrency won't survive, claims former FinSec Subhash Garg

2020-1-5 14:30

India's former Finance Secretary, Subhash Chandra Garg, has been very vocal about cryptocurrencies for a long time now, having also played a significant role in shaping the country's draft policy on cThe post India: Cryptocurrency won't survive, claims former FinSec Subhash Garg appeared first on AMBCrypto.

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Источник: ambcrypto.com

garg india → Результатов: 24

Subhash Chandra Garg on the Future of Crypto

India’s former Finance Secretary Subhash Chandra Garg has shared his views on the future of cryptocurrency, both in India and worldwide. He headed the committee responsible for drafting the infamous bill to ban cryptocurrencies, which the crypto community calls flawed in many regards.

2020-1-5 09:25	Wazirx
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India, U.S. Governments Move to Rein in Facebook, Libra Cryptocurrency Project

The Facebook Libra cryptocurrency project is facing pushback from Indian lawmakers. According to Economic Affairs Secretary Subhash Garg, the firm’s digital currency is privately-controlled and this fact alone makes the… The post India, U.

2019-7-30 18:14	Facebook
libra project facebook cryptocurrency governments move india

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Why Banning Cryptocurrency Means Nothing for Crypto, but Everything for India

Recently, a committee studying the effects of cryptocurrency and distributed ledgers in India recommended an outright ban on all cryptocurrencies. The committee was headed by the Secretary of Economic Affairs, Subhash Chandra Garg.

2019-7-27 11:00	Wazirx
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Indian Bureaucrat Who Favored Bitcoin Regulation Quits Finance Ministry

The bureaucrat who favored the creation of a bitcoin regulatory framework in India quitted the Ministry of Finance on Wednesday. IAS Subhash Chandra Garg, who served as the Economic Affairs Secretary and Finance Secretary of India, accepted transfer order to the Ministry of Power.

2019-7-25 16:49	Bitcoin
finance ministry bitcoin bureaucrat favored garg secretary

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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.

2019-7-23 16:00	RBI
bitcoin rbi forced panel report ban inter-ministerial

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Crypto exchange exec says Bitcoin ban in India not final yet, is there any hope?

This week, the inter-ministerial committee (IMC) of India officially recommended the imposition of what has been considered a blanket ban on crypto assets like bitcoin. According to Reuters, the panel led by finance secretary Subhash Chandra Garg has suggested a fine of $3.

2019-7-23 10:57	Regulation
india any ban crypto bitcoin hope exec

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‘Uncomfortable’ Indian Government Looks to Slap Down Facebook’s Crypto Libra

More than three years after India rejected a Facebook initiative to offer free internet service to its citizens terming the gesture ‘digital colonialism’, the social media giant’s cryptocurrency project Libra might meet the same fate in Asia’s third-largest economy.

2019-7-9 16:06	Libra
libra facebook india uncomfortable crypto government looks

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Indian Regulators Also Echo Same Concerns About Facebook’s Libra Coin Cryptocurrency Project

Facebook will not have an easy time in the third largest economy of Asia. As the company is set on moving its plans surrounding the Libra cryptocurrency forward, the Indian authorities do not seem very happy with the company’s presence.

2019-7-9 04:28	Facebook
facebook libra cryptocurrency indian company very happy

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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.

2019-7-8 15:48	India
facebook cryptocurrency india came libra keen currency

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India: Finance Secy claims crypto report is ready; WazirX CEO says it’s ‘too early’ for regulations

India would soon be deciding the fate of cryptocurrencies in the country; Subhash Chandra Garg, the Finance Secretary, said that the report pertaining cryptocurrency regulation was ready and would soon be submitted to the Finance Minister, cited by Business Standard.

2019-6-2 16:30	News
finance soon report ready india said garg

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India Banning Bitcoin is Becoming Highly Likely, New Bill Introduced

The Indian inter-ministerial committee has drafted a bill to ban cryptocurrencies like bitcoin. Subhash Chandra Garg, the Finance Secretary who led the committee, has previously gone on record to warn of the folly of investing in cryptocurrencies.

2019-4-26 19:36
bill india bitcoin cryptocurrencies committee new highly

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India Fears Bitcoin and Cryptocurrencies Could Destabilize Rupee

The effect Bitcoin (BTC) and other cryptocurrencies may have on the Indian rupee is reportedly a top concern for Indian lawmakers — specifically, if said digital currencies are to be legalized as a form of payment in the country.

2019-2-6 12:00	Reserve Bank of India
indian rupee cryptocurrencies bitcoin specifically may india

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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.

2018-12-28 02:16	Regulation
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Bitcoin Could Soon Become Legal in India

Owning and using Bitcoin could soon become allowed in India, as the second interdisciplinary committee appointed to vote on the legality of cryptocurrencies is in favor of legalizing it, the New Indian Express reported on December 26, 2018.

2018-12-27 12:00	Reserve Bank of India
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Koinex Wants to Venture into Blockchain, Opens Development Center

Koinex, one of the leading cryptocurrency exchanges in India, could be venturing into the blockchain scene as soon as 2019, and is in the process of opening a new development center in Bengaluru, the company announced in a press release on December 4, 2018.

2018-12-5 10:00	trading
blockchain cryptocurrency koinex center india development plagued

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Doubling Down as Bitcoin Plunges is a ‘Problematic Mindset,” Says Personal Finance Author

As the price of Bitcoin continues to fall, many investors are doubling down and sticking with their decisions, which is a sign of a ‘problematic mindset’ that leads to more loss, Business Insider India reported on November 21, 2018.

2018-11-24 02:00
bitcoin many doubling investors mindset down problematic

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India Ready to Unveil Cryptocurrency Law Next Month

The government of India may provide clarity on cryptocurrency regulation as soon as next month with a new draft bill now in the works. Clarity Soon Citing a counter-affidavit issued by India’s Prime Minister Narendra Modi, Quartz reports that the country’s government is likely to provide some clarity on the matter of cryptocurrencies sometime in the next two months.

2018-11-20 16:00
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India Considering Cryptocurrency Ban

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	Reserve Bank of India
ban considering india council fsdc use cryptocurrency

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Indian government may recognize holding of unregulated cryptocurrencies as illegal

A report which is being prepared by a committee headed by India’s Economic Affairs Secretary, Subhash Chandra Garg, may propose amendments to the existing laws with a view of making it illegal to hold crypto assets that are not approved by the government.

2018-10-22 10:18	Zebpay
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Indian Government Websites Keep Getting Hacked to Mine Cryptocurrencies

With more than 100 government websites hacked in September alone, security experts in India are in a race against time to identify more websites hosting malware that allows the unauthorized mining of cryptocurrencies, India Today reported on October 1, 2018.

2018-10-2 21:00	Mining
websites government cryptocurrencies india indian hacked most

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RBI crypto ban hearing on July 3rd: INR fate – Boon or bane?

July 3rd marks the day when cryptocurrencies’ fate in India shall be decided. Things seem positive at this point with Subash Chandra Garg, Secretary, Department of Economic Affairs stating that they are developing a template which they think might be in the “best interest of our country”.

2018-6-30 01:03	News
fate july 3rd developing template think crypto

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Indian government to launch regulatory framework for crypto by July

In a recent interview with Indian news outlet ET Now, Subhash Chandra Garg, the head of the recently formed government run crypto panel, said that he and his team are close to announcing a regulatory framework for the use and trade of cryptocurrency in India.

2018-6-24 18:09	Regulations
indian government crypto framework regulatory use july

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RBI chief says stablecoins threaten India’s monetary sovereignty

The Indian central bank governor views stablecoins as a risk to government sovereignty over the monetary system. Speaking at the G30 39th Annual International Banking Seminar held in Washington DC, Reserve Bank of India governor Shaktikanta Das said he has…

Is India planning to ban cryptocurrency?

India is on the brink of a pivotal decision regarding cryptocurrencies as the government deliberates a potential ban on private digital currencies. The focus is now shifting towards the development of a Central Bank Digital Currency (CBDC) – the digital rupee.

India weighs crypto ban as it pushes for digital rupee adoption

Regulators in India are considering banning cryptocurrencies like Bitcoin and Ether and are instead, promoting the use of the digital rupee. On Oct. 22, local media outlet the Hindustan Times cited two officials familiar with the matter who claimed that…

RBI governor touts CBDC to enhance cross-border payments and safeguard against crypto risks

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Thousands of Indians trapped in Southeast Asia’s crypto fraud rings

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Binance helps Indian authorities trace $4.76m in Fiewin gaming scam

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YouTube Page of India's Supreme Court Hacked to Promote XRP

The channel streams hearings of notable court cases but temporarily showed promotional videos of XRP and Ripple Labs before being taken down.

2020-1-5 14:30

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