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Indian Government Shed Light on Proposed Crypto Regulation
21.6.2019
Since leaked information regarding India’s cryptocurrency bill emerged, there have been constant discussions about what it entails. Four different government bodies have been asked about their involvement in the drafting of the bill. South Korea went through a similar situation, causing...
Libra Could Be Unbalanced by Indian Crypto Laws
20.6.2019
Facebook reportedly has not filed an application with the RBI, which seeks to ban cryptocurrencies
Facebook Has Not Applied for RBI Approval to Operate Libra in India: Report
20.6.2019
Facebook has reportedly not applied for approval in India for operating its upcoming cryptocurrency Libra project
Indian Crypto Community Petitions Government for Regulation
16.6.2019
Following widespread reports of the upcoming Indian cryptocurrency bill, the crypto community has started a petition for the government to quickly implement a regulatory framework for cryptocurrencies. In addition, a television network operated by the Upper House of the Indian Parliament has aired...
Indian Crypto Dreams Crash Down As Government Proposes 10 Year Jail Term For Crypto Trading
8.6.2019
All the crypto dreams in India came down crashing, and a new bill has been introduced in India, proposing a complete ban on crypto trading and criminalizing it. The Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019, proposes a 10-year prison term for anyone engaged...
RBI Denies Any Knowledge Of Cryptocurrency Draft Bill
6.6.2019
In a reply given to Blockchain lawyer’s founder, Varun Sethi under the Right to Information (RTI) Act, India’s Central Bank, Reserve Bank of India (RBI) has said that it has no information regarding the cryptocurrency bill being on the anvil. The central bank also said that it doesn’t support...
India’s Central Bank Denies Knowledge of Bill to Ban Cryptocurrencies
6.6.2019
India’s crypto regulation is reportedly ready and there has been much speculation about what it contains. An Indian lawyer has gotten some answers from the Reserve Bank of India about a bill allegedly seeking to ban cryptocurrencies. Surprisingly, the central bank claims that it does not have...
Supreme Court Advocate Suggests How to Regulate Cryptocurrency in India
24.5.2019
An Indian supreme court advocate has shared some thoughts on the kind of cryptocurrency regulation India can benefit from. The right regulatory framework “would ensure transparency, oversight and accountability,” but a “one size fits all” regulation would be a mistake,...
Indian Crypto Traders Undeterred by Ban Rumor
12.5.2019
The Indian crypto community is undeterred by the widespread rumor that its government is discussing a bill which could ban some cryptocurrencies. Local crypto exchanges have revealed to news.Bitcoin.com that their trading volumes have been increasing despite this report. Meanwhile, experts have...