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Indian Central Bank to issue CBDC in phases: Deputy Governor

Reserve Bank of India (RBI), the Indian central bank is planning a phased roll-out of the central bank-issued digital currencies (CBDC), revealed RBI deputy governor T Rabi Sankar. The phased roll-out plan has been discussed keeping the changes required in the nation’s foreign exchange rules and information-technology laws. “Like other central banks, RBI has also been

Reserve Bank of India (RBI), the Indian central bank is planning a phased roll-out of the central bank-issued digital currencies (CBDC), revealed RBI deputy governor T Rabi Sankar. The phased roll-out plan has been discussed keeping the changes required in the nation’s foreign exchange rules and information-technology laws. “Like other central banks, RBI has also been

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Indian Banks Refuse to do Business With Local Crypto Exchanges Amid RBI Crackdown

Indian crypto exchanges continue to face the heat of regulatory uncertainty from the Indian central bank – Reserve Bank of India (RBI). As per the latest Reuters report, Indian crypto exchanges are struggling to secure viable and secure payments solutions for their customers to move funds. Industry insiders told the publication that banks and payments

Indian crypto exchanges continue to face the heat of regulatory uncertainty from the Indian central bank – Reserve Bank of India (RBI). As per the latest Reuters report, Indian crypto exchanges are struggling to secure viable and secure payments solutions for their customers to move funds. Industry insiders told the publication that banks and payments

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Crypto India: HDFC Withdraws its Early Warning Against Crypto Transactions

HDFC Bank in India today sent out an email to its customers whom it has warned against crypto transactions, to ignore its early warnings. The HDFC bank was among several others that have warned its customers to refrain from any crypto transactions citing a Supreme Court quashed circular from 2018. The bank in its latest

HDFC Bank in India today sent out an email to its customers whom it has warned against crypto transactions, to ignore its early warnings. The HDFC bank was among several others that have warned its customers to refrain from any crypto transactions citing a Supreme Court quashed circular from 2018. The bank in its latest

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Just-In: RBI Clarifies Banks Can’t Use 2018 Circular to Deny Customer Transactions

Reserve Bank of India (RBI), the Indian central bank today issued a clarification about recent reports of certain banks using its 2018 circular to caution customers against crypto transactions. RBI said that Banks cannot use the quashed 2018 circular to deny transactions to customers. The official classification read, It has come to our attention through

Reserve Bank of India (RBI), the Indian central bank today issued a clarification about recent reports of certain banks using its 2018 circular to caution customers against crypto transactions. RBI said that Banks cannot use the quashed 2018 circular to deny transactions to customers. The official classification read, It has come to our attention through

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Indian Banks are Reportedly Using RBI’s Quashed Circular From 2018 to Warn Users Against Crypto

Indian banks are reportedly citing the 2018 circular issued by the Reserve Bank of India(RBI), the Indian Central Bank, to caution customers against dealing in cryptocurrencies, reported Bloomberg. The said circular prohibited banks from offering any service to crypto exchanges and platforms, but it was quashed by the Supreme Court in March last year. Despite

Indian banks are reportedly citing the 2018 circular issued by the Reserve Bank of India(RBI), the Indian Central Bank, to caution customers against dealing in cryptocurrencies, reported Bloomberg. The said circular prohibited banks from offering any service to crypto exchanges and platforms, but it was quashed by the Supreme Court in March last year. Despite

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Indian Banks Send Advisory to Customers to Follow RBI guidelines and Refrain from Crypto Transactions

Although crypto trading isn’t illegal in India, big banking institutions in the country are sending their customers advisories to refrain from indulging in crypto transactions. As reported by a local news publication The Hindu, many banks are sending formal warnings to their customers for digital currency transactions. The banks are citing the 2018-rule from the Reserve

Although crypto trading isn’t illegal in India, big banking institutions in the country are sending their customers advisories to refrain from indulging in crypto transactions. As reported by a local news publication The Hindu, many banks are sending formal warnings to their customers for digital currency transactions. The banks are citing the 2018-rule from the Reserve

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Indian Corporates Will Now Have To Disclose Their Crypto Holdings To the Government

In the latest developments within the Indian cryptosphere, it turns out that Indian corporates might have to report their cryptocurrency holdings to the government. India’s blockchain lawyer Varun recently shared a draft image, the access to which is still missing. However, Varun states that as per the Standard Scheduled III Balance Sheet, companies reporting with

In the latest developments within the Indian cryptosphere, it turns out that Indian corporates might have to report their cryptocurrency holdings to the government. India’s blockchain lawyer Varun recently shared a draft image, the access to which is still missing. However, Varun states that as per the Standard Scheduled III Balance Sheet, companies reporting with

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Indian Central Bank Governor Voices Concern Over Cryptocurrencies

The Governor of the Reserve Bank of India (RBI), the Indian Central Bank today voiced his concerns over the use of cryptocurrencies suggesting it might have a devastating impact on the economy of the country. Shaktikanta Das, the governor of RBI made these comments during an interview with a local media house said that India

The Governor of the Reserve Bank of India (RBI), the Indian Central Bank today voiced his concerns over the use of cryptocurrencies suggesting it might have a devastating impact on the economy of the country. Shaktikanta Das, the governor of RBI made these comments during an interview with a local media house said that India

RBI
Regulation News
RBI
Regulation News

Indian Central Bank RBI is Reportedly Exploring the Need of Cryptocurrency in Payment Sector

Reserve Bank of India (RBI), the Indian central bank is reportedly looking at the use cases of cryptocurrencies in the growing payment sector as per a report in the Economic Times. The Indian Central Bank reportedly released a booklet covering the journey of digital payment and settlements in India in 2020, where it suggested that

Reserve Bank of India (RBI), the Indian central bank is reportedly looking at the use cases of cryptocurrencies in the growing payment sector as per a report in the Economic Times. The Indian Central Bank reportedly released a booklet covering the journey of digital payment and settlements in India in 2020, where it suggested that

bitcoin india crypto ban
Regulation News
bitcoin india crypto ban
Regulation News

Ripple CEO Disappointed by India’s Stifling Crypto Ban Revival

Crypto industry executives have voiced disappointment over the continual indecision from the Indian parliament over the future of the digital asset ecosystem within the country. Ripple CEO Brad Garlinghouse was one of the first to respond to a recent report claiming that India plans to introduce a new law banning trade in cryptocurrencies. The fintech

Crypto industry executives have voiced disappointment over the continual indecision from the Indian parliament over the future of the digital asset ecosystem within the country. Ripple CEO Brad Garlinghouse was one of the first to respond to a recent report claiming that India plans to introduce a new law banning trade in cryptocurrencies. The fintech

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Regulation News
India-crypto-ban-RBI-CBDC
Regulation News

India Is Considering A Law to Ban Cryptocurrency Trading Again

India, Asia’s third-largest economy is set to introduce another hard-hitting measure on cryptocurrency trading. As part of its next regulatory move, Indian lawmakers are planning to introduce a bill banning crypto trading during its ongoing parliamentary session. Sources familiar with the matter told Bloomberg that the federal government is not keen to have cryptocurrencies functional

India, Asia’s third-largest economy is set to introduce another hard-hitting measure on cryptocurrency trading. As part of its next regulatory move, Indian lawmakers are planning to introduce a bill banning crypto trading during its ongoing parliamentary session. Sources familiar with the matter told Bloomberg that the federal government is not keen to have cryptocurrencies functional

Crypto-India-Paxful
Bitcoin News
Crypto-India-Paxful
Bitcoin News

Indians Own Bitcoin and Crypto Because Banks Are Incompetent: Survey

Paxful, a peer-to-peer Bitcoin trading platform with a presence in over 20 countries across the globe, has released the result of their survey on India. The result which was released on April 1, 2020, is but a few weeks after the encouraging dismissal of a previous RBI directive on cryptocurrency trading on one of Asia’s

Paxful, a peer-to-peer Bitcoin trading platform with a presence in over 20 countries across the globe, has released the result of their survey on India. The result which was released on April 1, 2020, is but a few weeks after the encouraging dismissal of a previous RBI directive on cryptocurrency trading on one of Asia’s

WazirX WRX India
Altcoin News
WazirX WRX India
Altcoin News

WRX of WazirX is up over 50% after India’s Supreme Court Ruling

WRX, the native token of the Indian-based cryptocurrency exchange WazirX, spiked over 50% earlier today following news of a crypto favorable Supreme Court ruling. The court of the world’s largest democracy quashing the country’s central bank’s decision to ban cryptocurrency exchanges from interacting with banks under its control. At the time of trading, WRX was

WRX, the native token of the Indian-based cryptocurrency exchange WazirX, spiked over 50% earlier today following news of a crypto favorable Supreme Court ruling. The court of the world’s largest democracy quashing the country’s central bank’s decision to ban cryptocurrency exchanges from interacting with banks under its control. At the time of trading, WRX was

raghuram rajan
Blockchain News
raghuram rajan
Blockchain News

Blockchain Will Spur Growth Among SMEs Says Ex-Governor of India’s Central Bank

Ripple’s much-awaited conference, Swell has kick-started enthralling famous personalities from the blockchain, crypto and finance arena. Dr. Raghuram Rajan, 23rd Governor of the Reserve Bank of India and Chief Economist of the International Monetary Fund lauded Blockchain technology and said that it will be beneficial in reducing transaction costs and will also accelerate the growth

Ripple’s much-awaited conference, Swell has kick-started enthralling famous personalities from the blockchain, crypto and finance arena. Dr. Raghuram Rajan, 23rd Governor of the Reserve Bank of India and Chief Economist of the International Monetary Fund lauded Blockchain technology and said that it will be beneficial in reducing transaction costs and will also accelerate the growth

RBI vs India – Latest Hearing Reveals Central Bank’s Ban on Crypto is Illegal
Regulation News
RBI vs India – Latest Hearing Reveals Central Bank’s Ban on Crypto is Illegal
Regulation News

RBI Vs Crypto – Counsel for RBI Strongly Defends Central Bank’s Crypto Ban

In yesterday’s hearing, the panel had discussed how RBI’s cryptocurrency ban is unjust and serves no clear purpose. Per live updates shared by Crypto Kanoon, an Indian crypto platform that provides information on the status of cryptocurrencies in the country, Justice Nariman has alleged that it is not the RBI’s case that exchanges be covered by

In yesterday’s hearing, the panel had discussed how RBI’s cryptocurrency ban is unjust and serves no clear purpose. Per live updates shared by Crypto Kanoon, an Indian crypto platform that provides information on the status of cryptocurrencies in the country, Justice Nariman has alleged that it is not the RBI’s case that exchanges be covered by

RBI vs India – Latest Hearing Reveals Central Bank’s Ban on Crypto is Illegal
Regulation News
RBI vs India – Latest Hearing Reveals Central Bank’s Ban on Crypto is Illegal
Regulation News

Crypto vs RBI – Counsel Presents a Strong Case Against RBI’s Crypto Ban

In an earlier hearing held on August 14, the crypto community witnessed the Internet & Mobile Association of India’s (IAMAI) stance on cryptocurrency that urged the government to create regulations around cryptocurrencies rather than ban them. Today’s hearing focused more on why RBI’s cryptocurrency ban is unjust and has served no purpose. Per the live

In an earlier hearing held on August 14, the crypto community witnessed the Internet & Mobile Association of India’s (IAMAI) stance on cryptocurrency that urged the government to create regulations around cryptocurrencies rather than ban them. Today’s hearing focused more on why RBI’s cryptocurrency ban is unjust and has served no purpose. Per the live

RBI vs India – Latest Hearing Reveals Central Bank’s Ban on Crypto is Illegal
Regulation News
RBI vs India – Latest Hearing Reveals Central Bank’s Ban on Crypto is Illegal
Regulation News

Crypto vs RBI – Latest Hearing Reveals Central Bank’s Ban on Crypto is Illegal

Ahead of its 73rd Independence Day, there was a hearing on cryptocurrencies in the Indian Supreme Court today. While the court has adjourned the case to August 20 with mixed statements on crypto regulations, a significant point that emerged in the hearing was that the banking ban imposed on cryptocurrencies by India’s central bank, RBI,

Ahead of its 73rd Independence Day, there was a hearing on cryptocurrencies in the Indian Supreme Court today. While the court has adjourned the case to August 20 with mixed statements on crypto regulations, a significant point that emerged in the hearing was that the banking ban imposed on cryptocurrencies by India’s central bank, RBI,

#CryptoVsRBI - Supreme Court of India Releases New Tentative Date for Hearing
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#CryptoVsRBI - Supreme Court of India Releases New Tentative Date for Hearing
Regulation News

Crypto Vs RBI: Supreme Court of India Releases New Tentative Date for Hearing

Indian crypto regulatory report has shaken up crypto startups, investors and enthusiasts of the country. While July 23 hearing was the most-awaited date for Indian crypto community, the case was then listed on July 24. However, this also not seems fortunate enough for Indian crypto community as India has released a new tentative date of

Indian crypto regulatory report has shaken up crypto startups, investors and enthusiasts of the country. While July 23 hearing was the most-awaited date for Indian crypto community, the case was then listed on July 24. However, this also not seems fortunate enough for Indian crypto community as India has released a new tentative date of

Bitcoin RBI
Regulation News
Bitcoin RBI
Regulation News

India: Cryptocurrencies and ICO’s Ignored as RBI Releases Fintech Sandboxing Guidelines

Indian crypto businesses are struggling since the time the Reserve Bank of India (RBI) has pulled the fiat lifeline. While the sector is expecting some relief to come in from the Apex court of the country, the Reserve Bank of India has further made things difficult as it has issued a draft document about “Enabling

Indian crypto businesses are struggling since the time the Reserve Bank of India (RBI) has pulled the fiat lifeline. While the sector is expecting some relief to come in from the Apex court of the country, the Reserve Bank of India has further made things difficult as it has issued a draft document about “Enabling

bitcoin
Bitcoin News
bitcoin
Bitcoin News

“Cryptocurrencies are Not a Threat” – Remarks FSB On India’s Crypto Concern

It looks like the crypto market is celebrating the New Year in India. With RBI citing FSB’s remark, the market appears quite appreciated. Crypto Stance in India According to the latest coverage by Quartz Media, FSB (Financial Stability Board), an international body that monitors and review the global financial system has recently appreciated cryptocurrency and

It looks like the crypto market is celebrating the New Year in India. With RBI citing FSB’s remark, the market appears quite appreciated. Crypto Stance in India According to the latest coverage by Quartz Media, FSB (Financial Stability Board), an international body that monitors and review the global financial system has recently appreciated cryptocurrency and