India: RBI's jurisdiction questioned as crypto-banking ban hearing continues

2020-1-15 14:57

The Supreme Court of India continued its hearing from yesterday after the IAMAI's counsel, Ashim Sood, briefed the court about Distributed Ledger Technology [DLT] and the nature of cryptocurrencies beThe post India: RBI's jurisdiction questioned as crypto-banking ban hearing continues appeared first on AMBCrypto.

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Supreme Court of India Holds Crypto Hearing Regarding the Reserve Bank of India (RBI) Restrictions

According to a report by Bitcoin.com, a crypto hearing was held by the Supreme Court of India. The hearing was over writ petitions challenging restrictions on banking by the Reserve Bank of India. Although the hearing was scheduled for Tuesday, it took place on Monday at the order of the senior counsel, which placed the […]

2019-11-20 02:06


India: Central Bank’s circular on cryptocurrencies void on the basis of vagueness, claims counsel before the SC

The Supreme Court of India today resumed the ‘Internet and Mobile Association of India vs RBI’ case hearing. Continuing from its last hearing on the 14th of August, IAMAI Counsel, Ashim Sood, today argued that the action of the Reserve Bank of India was against the “doctrine of proportionality,” besides being based on no study […] The post India: Central Bank’s circular on cryptocurrencies void on the basis of vagueness, claims counsel before the SC appeared first on AMBCrypto.

2019-8-20 10:44


India’s Crypto saga: Prominent advocate explains how to own crypto legally in the country

The Indian crypto community rejoiced when the Supreme Court made a move to understand and regulate crypto. However, the quickness of the hearing’s adjournment shocked the community. A month since the hearing, there are rumors that the government is planning a complete ban on cryptocurrencies under the Prevention of Money Laundering Act, which has left […] The post India’s Crypto saga: Prominent advocate explains how to own crypto legally in the country appeared first on AMBCrypto.

2019-5-2 16:30


Indian Bank HDFC Issues Negativity-Laden Emails to Customers Using Cryptocurrencies

India’s crypto dilemma does not seem to end as the delays in finalizing regulations were followed by a delay in the judgment over various impending cases in the Supreme court related to crypto use. After the 29th of March hearing was postponed regarding the finalization of crypto regulation by the finance ministry, the crypto community […]

2019-4-28 20:30


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India: Despite the Uncertain Future, One Man Is Spearheading the Fight for Cryptocurrency Regulations

India’s embryonic crypto industry continues to backpedal as on March 29, 2019, the country’s apex court postponed the hearing on cryptocurrency regulations until the second week of July. One Man, 153 Days The reluctant stance from both the government and the judicial bodies has without a shadow of a doubt stunted the growth of theRead MoreRead More.

2019-4-5 01:00


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.

2019-3-26 08:30


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As Court Reconvenes for QuadrigaCX, Questions Surround Empty Cold Wallets

As QuadrigaCX’s legal counsel descends on the courtroom in Halifax, Nova Scotia, for another round of legal proceedings, the court monitor’s third report on QuadrigaCX’s finances — specifically its revelation that the exchange’s cold wallets are empty — lays out some hopeful avenues for fund recovery — and some frustrating dead ends.

2019-3-5 20:20


$136 Million in Missing Crypto From QuadrigaCX Could be Gone Forever: WSJ

Canada’s largest digital asset exchange QuadrigaCX has claimed to have lost more than $136 million worth of crypto in cold wallets controlled by its CEO Gerald Cotten. In an official affidavit filed with the Nova Scotia Supreme Court by Jennifer Robertson, the widow of Cotten, Robertson claimed Cotten passed away in India with the sole control over user funds.

2019-2-8 13:16


RBI Ban Hearing in Two Days – What Indian Crypto Exchanges Are Expecting

The Indian supreme court will hear all petitions against the crypto banking ban by the Reserve Bank of India on Tuesday. News.Bitcoin.com talked to the CEOs of several Indian exchanges to find out what they are expecting from the hearing, trader sentiment, their exchanges’ current trading volumes, and how they see the court’s ruling affecting […] The post RBI Ban Hearing in Two Days – What Indian Crypto Exchanges Are Expecting appeared first on Bitcoin News.

2018-9-9 19:55


RBI Ban Hearing in 2 Days – What Indian Crypto Exchanges Are Expecting

The Indian supreme court will hear all petitions against the crypto banking ban by the Reserve Bank of India on Tuesday. News.Bitcoin.com talked to the CEOs of several Indian exchanges to find out what they are expecting from the hearing, trader sentiment, their exchanges’ current trading volumes, and how they see the court’s ruling affecting […] The post RBI Ban Hearing in 2 Days – What Indian Crypto Exchanges Are Expecting appeared first on Bitcoin News.

2018-9-10 19:55