カテゴリー: RBI

How Indian Cryptocurrency Users Avoid Banks Closing Their Accounts

How Indian Crypto Users Avoid Banks Closing Their AccountsBanks in India have been closing the accounts of customers they believe have made transactions involving cryptocurrencies. The majority of crypto users in the country, however, have reportedly found a way to avoid their accounts being closed by their banks which are complying with the crypto banking ban imposed by the country’s central bank. Also […]

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Indian Bank Forcing Customers to Agree to Anti-Cryptocurrency Policy

Indian Bank Forcing Customers to Agree to Anti-Cryptocurrency PolicyAn Indian bank is reportedly forcing customers to agree that they “will not deal with any transactions related to cryptocurrency including bitcoins” when signing up for an account. In addition, there are reports of banks blocking accounts of their existing customers if they are found to have made crypto-related transactions. Also read: Indian Supreme Court Moves […]

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Indian Central Bank’s Report Shows Cryptocurrencies Are Not Currently a Threat

Indian Central Bank's Report Says Cryptocurrencies Are Not Currently a ThreatThe Reserve Bank of India (RBI) has published a report indicating that cryptocurrencies are not a threat currently. However, the central bank says, with rapid growth and adoption of cryptocurrencies, this assessment could change, adding that constant monitoring of cryptocurrencies is needed. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations No […]

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Report: Indian Government Updates Progress on Cryptocurrency Regulation

Report: Indian Government Updates Progress on Cryptocurrency RegulationThe Indian government has reportedly provided an update on its progress toward the country’s regulatory framework for cryptocurrencies. The government provided its latest stance in areas such as the national cryptocurrency and licensing of crypto businesses. It is pursuing crypto regulations “with due caution,” according to reports. Also read: Indian Supreme Court Moves Crypto Hearing, Community […]

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Indian Exchanges End Year With Improved Services, Optimism About Regulation

Indian Exchanges End Year With Improved Services, Optimism About RegulationAs the Indian government deliberates over cryptocurrency regulation, positive sentiment grows among local crypto exchanges regarding their government’s eventual decision. A number of them have also added new features and improved services such as offering interest on crypto deposits, increased liquidity, and better security. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive […]

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Report: Indian Government Panel Submits Crypto Recommendations

Report: Indian Government Panel Submits Cryptocurrency RecommendationsThe Indian government panel appointed to recommend cryptocurrency measures has reportedly submitted its report to the country’s finance minister, suggesting a new legal framework for cryptocurrencies. The actual content of the report has yet to be announced publicly. Industry participants weigh in on speculation about the report’s content. Also read: Indian Supreme Court Moves Crypto Hearing, […]

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Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

Indian Court Moves Crypto Hearing, Community Calls for Positive RegulationsIndia’s supreme court has set a new date to hear the petitions against the cryptocurrency banking ban by the country’s central bank. Meanwhile, the crypto community in India is campaigning on social media for “positive regulations” and the rollback of the banking ban. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Supreme Court […]

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Indian State Working to Help Cryptocurrency Businesses Grow

Indian State Working to Help Cryptocurrency Businesses GrowAn Indian minister has reportedly revealed that a state government is working to protect businesses operating without a regulatory framework in India. They include cryptocurrency exchanges and crypto-accepting merchants. The move follows the arrests of the founders of a crypto exchange after they tried to set up an ATM-like kiosk at a local mall. Also […]

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Indian State Working to Help Cryptocurrency Businesses Grow

Indian State Working to Help Cryptocurrency Businesses GrowAn Indian minister has reportedly revealed that a state government is working to protect businesses operating without a regulatory framework in India. They include cryptocurrency exchanges and crypto-accepting merchants. The move follows the arrests of the founders of a crypto exchange after they tried to set up an ATM-like kiosk at a local mall. Also […]

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Indian Government Expects to Finalize Cryptocurrency Bill Next Month

Indian Government Expects to Finalize Cryptocurrency Bill Next MonthThe Indian government has reportedly filed an affidavit with the country’s supreme court detailing its progress on cryptocurrency regulations. “Serious efforts are going on” to prepare the draft crypto bill and report, the government explained. The two are expected to be discussed by the inter-ministerial committee by next month. Also read: Yahoo! Japan Confirms Entrance Into […]

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