The Supreme Court of India’s hearing on the central bank’s ban on crypto dealings, originally scheduled for July 20, has been moved to September, according to a July 19 Twitter post by a team of Indian lawyers involved in crypto regulatory analysis.
The Reserve Bank of India’s (RBI) crypto banking ban was implemented in early April of this year, and prohibits local banks from providing services to any person or business that deals with cryptocurrencies.
In mid-May, the Supreme Court had upheld RBI’s crypto dealings ban until the July hearing, in early July also ruling not to grant interim relief to those affected by the ban.
Since then, Indian citizens have not been able to buy and sell crypto on exchanges, and crypto exchanges and companies cannot receive loans from banks in India.
Also in July, an anonymous source in the government reported that Indian regulators might treat cryptocurrency as a commodity rather than instituting a blanket ban.
U. K. regulators want to ban cold calls for consumer financial services, and the crypto sector will likely be one of the affected industries. This is part of the U. K. Treasury Fraud Strategy introduced in May to curb fraudulent activities in the country.
Despite outlawing crypto trading in 2021, China's ban has done little to dampen its citizen's appetite for crypto.
The post Global Crypto Firms Thrive Despite China’s Ban appeared first on BeInCrypto.
Russia’s apex bank plan to impose a blanket ban on crypto activities like trading and mining has been met with stiff resistance from opposition members and the country’s tech community.
The post Telegram founder voices discontent about proposed Russian crypto ban appeared first on CryptoSlate.
Strong framing move by U.S. Representative Tom Emmer and a looming threat of another crypto ban in Asia: a digest of last week's top crypto policy stories is here.
The Chairman of the SEC has confirmed that the financial regulator has no immediate plans to ban crypto assets in the United States. The U. S. SEC Won’t Ban Cryptocurrency The noise around the crypto space often muffles the actuality that we are on the brink of something revolutionary.
A proposed government ban on cryptocurrency trading is back on the cards after an anonymous official said on Tuesday that authorities will soon propose a new law. The move is seen as a blow to the country’s crypto investors, despite a supreme court decision earlier this year to lift a central bank crypto ban.
A new ban on Bitcoin ownership in India is unlikely, say companies working in the country’s crypto industry. The rumors about a new ban began last week after a news...
The post India Won’t Ban Crypto Again, Rumors are “Overblown” appeared first on Crypto Briefing.
The RBI’s defense of its crypto ban has so far consisted of the finance body claiming that cryptocurrencies can have a negative impact on the nation’s financial stability
The Indian crypto community has had an eventful year, with a bill on the horizon, the RBI ban’s supreme court hearing, and the community’s efforts toward positive crypto regulation. News.
The rumors about the Indian government planning to put a blanket ban on cryptocurrencies finally turned out to be true. The official report along with the draft bill from the interministerial committee tasked at formulating the framework for crypto use was released on July 22, a day before the Supreme Court was scheduled to hear […]
The post India set to lose $12.
Economics professor and renowned crypto basher Nouriel ‘Dr. Doom’ Roubini is extending his rivalry with BitMEX CEO Arthur Hayes beyond the debate stage. Hours after debating Hayes in Taipei during the 2019 Asia Blockchain Summit, Dr.
If you visit just about any crypto news publication today, you will see at least one story detailing the recent news that the Chinese government is considering a blanket ban on Bitcoin mining. Perhaps testament to the world superpower’s repeated clampdowns on various aspects of digital currencies (exchanges and ICOs, in recent memory), the price.
India has a very rough relationship with cryptocurrencies. The country, which has enacted a ban on crypto exchanges last year, is now focused on deciding whether this ban, which is being called an exaggeration by the local crypto industry, should be lifted or not.
This week, the government of South Korea officially decided to maintain its existing blanket ban on domestic initial coin offerings (ICO) in a move that could benefit other major crypto markets in Asia.
Investors of digital currencies in China have found multiple ways to bypass the nationwide ban on trading with cryptocurrencies. Industry experts have said that as long as the transactions stay as peer to peer and they are decentralised, regulators won’t be able to fully block them out.
Regulation 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. Japan Confirms Entrance Into the Crypto Space Money Finds a Way Following the crypto banking ban by the Reserve Bank of India (RBI) which went into effect last month, Indian
The Central Bank of China is calling the country’s crypto ban a huge success as recent data shows that the Chinese Yuan is currently being used in less than 1% of crypto-trades. Chinese Crypto Ban Huge Success The Chinese crypto market once dominated the space, accounting for 90% of all global trades according to a.
Zebpay crypto exchange has opted to halt Indian rupee operations for users as India enacts a ban on providing banking services to cryptocurrency businesses
The Indian Supreme Court heard one petition against the crypto banking ban by the country’s central bank today. However, the court did not grant a stay and the ban is set to proceed as planned, prompting crypto exchanges in the country to start implementing their solutions for banking alternatives.
Two Indian exchanges have announced that they are launching P2P crypto trading services which will allow traders to buy and sell crypto legally even after the central bank’s ban. Japan Confirms Entrance Into the Crypto Space Wazirx’s P2P Service With the banking ban by the central bank set to take effect on July 5, Indian
With the impending banking ban by the Reserve Bank of India, cryptocurrency exchanges in the country are scrambling to find banking alternatives. Two Indian exchanges have announced that they are launching P2P crypto trading services which will allow traders to buy and sell crypto legally even after the central bank’s ban.
Kyle Samani, the Managing Partner at Multicoin Capital was recently present on “Balancing The Ledger” show, a tech and finance intersect. The panel discussed some of the recent news in the crypto world, which included the cryptocurrency advertisements ban lift by Facebook.
Facebook has revised its ban on crypto-related advertising — although the revised policy is far from a reversal. Controversial at first, Facebook’s January ad ban actually proved inconsequential to the wider crypto ecosystem — and may have actually been beneficial
The banking ban by India’s central bank is set to begin on July 5. One of the largest crypto exchanges in the country, Unocoin, is working on banking alternatives. News. Bitcoin. com spoke with the exchange’s CEO about what to expect when the ban begins, trader sentiment, and possible ways to bypass the ban.
Market action during June has seen a significant slump in trade volume, with the majority of the ten most traded cryptocurrencies experiencing a drop in volume of between roughly 17% and 57% when compared with May.
At the Blockchain Open Forum in Seoul, South Korea, China’s first crypto exchange BTCC CEO Bobby Lee said that investors in China are still trading cryptocurrencies even after the Chinese government imposed a ban on crypto trading in September 2017.
Leading Indian cryptocurrency exchange Zebpay has added new cryptocurrencies to its crypto-to-crypto trading platform. The exchange now supports 19 cryptocurrencies and over 35 trading pairs, as it prepares for the banking ban by the country’s central bank to go into effect next week.
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”.
In a recent case, the internet giant Facebook reversed its ban on cryptocurrency advertisements that first came into being earlier this year. However, Facebook still stands firm against the promotion of binary options and ICOs on the platform.
Facebook has reversed its blanket ban on cryptocurrency ads and will now allow pre-approved crypto businesses to advertise. However, ICOs and binary options will still be prohibited from the platform.
If the Trump administration bans China from investing in US tech companies, then it’s possible that the Chinese may invest some of those funds into ICO’s. The spare funds may also be invested in their existing crypto assets such as NEO, QTUM, and TRON.
Within the patriarchal industry that is blockchain, we do often see news reports that put extra attention into mediatising how women are actually leading the blockchain revolution. This latest one is even more important since it is referring to women in India specifically.
Off the back of news that Facebook is reversing its crypto ad ban, see below for commentary from some of the blockchain and crypto industry’s most renowned experts. Iqbal Gandham, UK Managing Director at eToro, global investment platform said: TheDigitalArtist / Pixabay “We have always advocated for a more sophisticated approach to cryptocurrency advertising, as […]
Facebook’s recent decision to partially lift the ban on crypto ads will not stop a planned legal action against the measure. Crypto associations and businesses from several countries announced earlier this year their intentions to sue internet giants imposing such restrictions.
Facebook recently announced on June 26, 2018, that it is reversing its ban on cryptocurrency advertisements. The new change has sparked rumors that Facebook may be interested in acquiring the global cryptocurrency exchange Coinbase.
The markets have failed to react positively to Facebook relaxing its crypto ad ban with some analysts predicting further losses. How low can the prices go? Let’s check the charts
Belfrics Group, a Malaysia-based crypto exchange, will resume its operations in India after a six-month hiatus. The company shut down its digital currency exchange earlier this year before the Reserve Bank of India officially announced a ban on banking companies, payment companies, and NBFCs supporting with crypto entities.
This is frankly huge news. Coinbase is one of the world’s biggest and most notorious cryptocurrency exchanges.
Today, we have seen news that states (from Facebook directly) the company have lifted their blanket ban on cryptocurrency advertising.
Lorenzo Sewell, a Detroit pastor who delivered a prayer on the Donald Trump inauguration, announced the launch of his official meme coin. Although the coin is meant to be used for charity purposes, crypto X reacted sceptically, to say the…
Dogecoin is back in the spotlight as leaked code from X (formerly Twitter) hints at the imminent launch of its much-anticipated payment system, X Payments.
The CEO of X, Linda Yaccarino, has hinted at the possibility of launching X Money along with other innovations for the social media platform in 2025. Many speculate that X will introduce its own cryptocurrency, given Elon Musk’s support for…
Vivek Ramaswamy’s account on X was hacked to falsely announce a partnership between the U.S. Department of Government Efficiency and USUAL. The post claimed a partnership between the U.S. Department of Government Efficiency and the stablecoin issuer USUAL, stating that…
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