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
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
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
Amid all the frenzy currently going around India’s crypto ban, we have a fresh update from the deputy governor of the Indian central bank. B.P. Kanungo, the deputy governor of the Reserve Bank of India said that the central bank is closely following the development model for the central bank digital currency (CBDC). The RBI
Amid all the frenzy currently going around India’s crypto ban, we have a fresh update from the deputy governor of the Indian central bank. B.P. Kanungo, the deputy governor of the Reserve Bank of India said that the central bank is closely following the development model for the central bank digital currency (CBDC). The RBI
In two surprising announcements yesterday, the Reserve Bank of India (RBI) not only reported a failure of another payment bank, but also clarified it’s stance on crypto. While Vodafone’s M-pesa is huge success in Africa, it fails to gather any momentum in India. Hence, the company decided to surrender it’s PPI license. In a consecutive
In two surprising announcements yesterday, the Reserve Bank of India (RBI) not only reported a failure of another payment bank, but also clarified it’s stance on crypto. While Vodafone’s M-pesa is huge success in Africa, it fails to gather any momentum in India. Hence, the company decided to surrender it’s PPI license. In a consecutive
When many Indians were excited about today’s hearing (March 29) and hoping to receive positive crypto revolution, the Supreme Court’s decision shattered their hopes within minutes. Indian crypto matter was set to receive court’s hearing on March 29, after it postponed from March 25 and the court in no time adjourned the case to next
When many Indians were excited about today’s hearing (March 29) and hoping to receive positive crypto revolution, the Supreme Court’s decision shattered their hopes within minutes. Indian crypto matter was set to receive court’s hearing on March 29, after it postponed from March 25 and the court in no time adjourned the case to next
While the world is progressing ahead with cryptocurrencies in terms of regulations, products, and adoption, Indian regulatory bodies and the apex court have just been pushing the hearing date for the case related to Indian Central Bank’s Fiat ban for crypto businesses of making the business environment vulnerable for Indian crypto businesses. Crypto businesses taking
While the world is progressing ahead with cryptocurrencies in terms of regulations, products, and adoption, Indian regulatory bodies and the apex court have just been pushing the hearing date for the case related to Indian Central Bank’s Fiat ban for crypto businesses of making the business environment vulnerable for Indian crypto businesses. Crypto businesses taking
India’s Ministry of Finance recently published a press release where it talks about the 19th Meeting of the Financial Stability and Development Council (FSDC) attended by the prominent ministry members that deliberated on the crypto development, ban on crypto use among other finance related topics. Deliberation on issues and challenges of Crypto Assets/Currency In the
India’s Ministry of Finance recently published a press release where it talks about the 19th Meeting of the Financial Stability and Development Council (FSDC) attended by the prominent ministry members that deliberated on the crypto development, ban on crypto use among other finance related topics. Deliberation on issues and challenges of Crypto Assets/Currency In the
