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India: Has IMC Prepared Another ‘Draft Bill’ for Regulating Cryptocurrency?

Indian Government formed the IMC (Inter-Ministerial Committee) to assess and inform the lawmakers about cryptocurrencies. Recently, the IMC released its report which also includes a draft bill to enact a complete ban on cryptocurrencies in India. Nevertheless, the minutes from the meeting of the IMC reveals that a ban wasn’t the initial or the only

Indian Government formed the IMC (Inter-Ministerial Committee) to assess and inform the lawmakers about cryptocurrencies. Recently, the IMC released its report which also includes a draft bill to enact a complete ban on cryptocurrencies in India. Nevertheless, the minutes from the meeting of the IMC reveals that a ban wasn’t the initial or the only

India crypto ban
Regulation News
India crypto ban
Regulation News

Indian Gov. Releases Report, Confirms ‘Draft Bill’ on Crypto Ban – Here are the Details

The Department of Economic Affairs in India has published a detailed report on cryptocurrency along with the draft bill on their website. The IMC or Inter-Ministerial Committee formed on November 2nd, 2017 after deliberation over a year submitted that report before the Government on February 28, 2019. Recently, the Finance Minister of State and Minister of Corporate

The Department of Economic Affairs in India has published a detailed report on cryptocurrency along with the draft bill on their website. The IMC or Inter-Ministerial Committee formed on November 2nd, 2017 after deliberation over a year submitted that report before the Government on February 28, 2019. Recently, the Finance Minister of State and Minister of Corporate

India bitcoin
Regulation News
India bitcoin
Regulation News

Bitcoin and Cryptocurrency Not Banned in India, Government Official Confirms

India is usually recognized as a country where cryptocurrency is banned. The recent reports on the draft bill and its’ leaders stance have often been against it. However, no official statement or law is yet passed by the Government. Moreover, the Indian Central bank, which is actively involved in the decision, has formally denied any

India is usually recognized as a country where cryptocurrency is banned. The recent reports on the draft bill and its’ leaders stance have often been against it. However, no official statement or law is yet passed by the Government. Moreover, the Indian Central bank, which is actively involved in the decision, has formally denied any

India bitcoin
Regulation News
India bitcoin
Regulation News

Indian on Crypto Ban: Alleged ‘Draft Bill’ Reveals Plans for “Digital Rupee”

The Indian Authorities have always been unclear about their stand on cryptocurrencies. However, they are actively adopting an opposing stand since the last couple of years. It began with the banning of banking services to businesses and entities engaging in Virtual Currency transactions in June 2018. Nevertheless, P2P exchange platforms still flourish as crypto enthusiast

The Indian Authorities have always been unclear about their stand on cryptocurrencies. However, they are actively adopting an opposing stand since the last couple of years. It began with the banning of banking services to businesses and entities engaging in Virtual Currency transactions in June 2018. Nevertheless, P2P exchange platforms still flourish as crypto enthusiast

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Big Blow to Libra: US Regulators Propose a New Bill for the “Big Tech”

The democratic wing of the House Financial Services Committee in the US has proposed a new bill that would prevent big tech companies “from functioning as financial institutions or issuing digital currencies.” Reportedly, a bill “Keep Big Tech Out Of Finance Act” has been drafted and is being circulated with the regulators. If passed, the new

The democratic wing of the House Financial Services Committee in the US has proposed a new bill that would prevent big tech companies “from functioning as financial institutions or issuing digital currencies.” Reportedly, a bill “Keep Big Tech Out Of Finance Act” has been drafted and is being circulated with the regulators. If passed, the new

Regulation News
Regulation News

The Reserve Bank of India Denies Knowledge of Draft Bill on Cryptocurrency Ban

The Reserve Bank of India, India’s central banking authority, has denied any knowledge of the proposed ban on cryptocurrency by the Indian Government. Varun Sethi, an Indian lawyer, filed a Right to Information (RTI) request with the Reserve Bank of India regarding the ban. The Banks responded by denying any communication in regards to the

The Reserve Bank of India, India’s central banking authority, has denied any knowledge of the proposed ban on cryptocurrency by the Indian Government. Varun Sethi, an Indian lawyer, filed a Right to Information (RTI) request with the Reserve Bank of India regarding the ban. The Banks responded by denying any communication in regards to the