Search
Indian Central Bank Chief Insists Crypto Should Be Banned — Warns ‘It Will Undermine Authority of RBI’
16.1.2023
India’s central bank has reiterated its stance on banning cryptocurrencies like bitcoin and ether. The governor of the Reserve Bank of India (RBI) likened cryptocurrency trading to gambling. He warned that crypto “will undermine the authority of the RBI and lead to the dollarization...
Indian Banks Halting Services to Crypto Industry Post RBI Clarification
27.6.2021
Several Indian banks have reportedly halted services to customers dealing in cryptocurrencies despite the central bank, the Reserve Bank of India (RBI), informing them that the banning circular is no longer valid. The latest bank to join the fray is IDFC First Bank. IDFC First Bank has become...
India’s Central Bank RBI Confirms Crypto Banking Ban ‘No Longer Valid’ — Asks Banks to Stop Quoting It
31.5.2021
Indian central bank, the Reserve Bank of India (RBI), has officially advised banks that its banking ban circular is no longer valid as it was set aside by the country’s supreme court more than one year ago. Despite the supreme court’s ruling, banks have been citing the RBI circular when...
Indian Crypto Exchanges Seek Tax Clarity From Central Bank
4.5.2020
India’s crypto exchanges are demanding that the country’s central bank provide clear guidelines regarding taxation
Where to Buy Bitcoin in India: Cryptocurrency Exchanges Lower Their Fees
5.4.2020
Since the supreme court lifted the RBI ban, more people have been looking to buy bitcoin and other cryptocurrencies in India. Responding to community feedback, a number of cryptocurrency exchanges have lowered their fees as the Indian crypto sector continues to grow. Also read: IMF Declares Global...
Curse on Indian Crypto Industry: First the RBI Ban, Now Novel Coronavirus
24.3.2020
Since the turn of the millennium, India has established on the world stage as a nation that embraces innovative technologies. It is this very reason that when Satoshi Nakamoto invented Bitcoin, expectations from the sub-continent were extremely high. However, what unfolded could rightly be termed...
Indian Ministry Reveals Investigations Into Bitcoin Businesses
18.3.2020
Indian parliamentarians have recently questioned the Minister of State for Finance and Corporate Affairs about the activities of crypto companies
Some Indian Banks Ignore Supreme Court Verdict on Cryptocurrency, RBI Urged to Rectify
15.3.2020
Despite the Indian supreme court quashing the central bank’s ban on crypto, some major banks, including HDFC and Indusind Bank, are still arbitrarily declining to process crypto transactions. Banks say they are waiting for instructions to lift the ban from the Reserve Bank of India (RBI)....
Tamil Guide: Cryptocurrency Meaning and How to Buy Bitcoin in India — Interview With Giottus
8.3.2020
After the supreme court verdict striking down the RBI ban, more people in India are interested in cryptocurrencies. News.Bitcoin.com interviewed Arjun Vijay, COO of crypto exchange Giottus, about the basics of cryptocurrencies in Tamil, focusing on the largest cryptocurrency — bitcoin....
RBI to Challenge Supreme Court Verdict on Cryptocurrency
6.3.2020
The Reserve Bank of India (RBI) is reportedly seeking to file a review petition challenging the supreme court verdict which lifted its banking ban on the crypto industry. The RBI is worried that the court’s decision “could pave the way for trading in virtual currencies and put...
Indian Crypto Exchange Adds Bank Transfers Hours After RBI Ban Lifted
4.3.2020
Mumbai-based CoinDCX became the first platform in India to fully integrate bank account transfers
India Supreme Court Lifts RBI Ban on Banks Servicing Crypto Firms
4.3.2020
India’s Supreme Court rules that the central bank’s ban on banks’ dealings with crypto firms is “disproportionate”
RBI vs Crypto Hearings: India Celebrates Crypto Freedom as Supreme Court Lifts RBI Ban
4.3.2020
Today, the Supreme Court of India issued a verdict in favor of Crypto freedom in India, in the Reserve Bank of India (RBI) vs. Internet and Mobile Association of India (IAMAI) case. This morning, the Honorable Supreme Court announced that it has struck off RBI’s ban on banking institutions from...
Indian Supreme Court Rules in Favor of Cryptocurrency — RBI Ban Lifted
4.3.2020
A historic day for the Indian crypto community, the supreme court has finally ruled on the case against the banking ban by the central bank, the Reserve Bank of India (RBI). The court held that the RBI circular which places a banking ban on the crypto industry is unconstitutional. Also read:...
Bitcoin in INR: Binance, Wazirx, Cashaa, Zebpay Announce New Offers for India
26.2.2020
Several cryptocurrency exchanges in India have recently stepped up their offerings as they wait for the supreme court’s decision on the RBI ban. Binance and Wazirx have made some improvements to their platforms, Cashaa is waving some fees, and Zebpay has announced zero fees on a trading pair...
Crypto Exchange Zebpay Announces Relaunch in India Ahead of Supreme Court Decision on RBI Ban
30.1.2020
Zebpay is returning to India more than a year after closing down local crypto exchange operations due to the banking ban imposed by the central bank, the Reserve Bank of India (RBI). Under a new leadership team, the exchange has also revealed a number of upcoming new services, including...
Indian Supreme Court Warms Up to Crypto – RBI’s Arguments Not Convincing
23.1.2020
India’s supreme court heard the crypto case on Thursday, starting with the arguments by the counsel for the Reserve Bank of India (RBI). After pointing out that the RBI ban only hurts crypto businesses but does not stop crypto trading, the court explained that “being an honest...
Indian Supreme Court Hears In-Depth Arguments Against RBI Ban
15.1.2020
India’s supreme court spent all day hearing arguments against the crypto banking ban by the Reserve Bank of India (RBI) on Wednesday. The counsel for the Internet and Mobile Association of India presented extensive arguments to convince the court that the central bank acted outside...
Wazirx CEO on 2020 Outlook, RBI Ban, Crypto Regulation for India
30.12.2019
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.Bitcoin.com interviewed Nischal Shetty, CEO of local crypto exchange Wazirx, about what the Indian...
Indian Crypto Community Gathers to Dispel Confusion About Regulation
18.12.2019
As the Indian government deliberates on the country’s crypto policy, there has been some confusion in media reports regarding crypto regulation in India. A group of local crypto enthusiasts and community members have gathered in an effort to ensure that the crypto situation in India...