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Indian Supreme Court Orders RBI to Answer Crypto Exchanges, New Date Set
21.8.2019
After hearing the arguments against the banking restriction by the Reserve Bank of India (RBI) in detail, the Indian supreme court directed the central bank to reply to the representations filed by crypto exchanges. Since the RBI has not adequately answered them, the court set a new date to resume...
RBI Defends Its Power Over Crypto in Indian Supreme Court
20.8.2019
The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also...
Indian State of Maharashtra to Use Blockchain in Various Spheres
19.8.2019
The second major Indian state, Maharashtra is preparing a regulatory framework for analyzing blockchain technology for various spheres. As per the reports published by DNA on 19th August, the government of Maharashtra has decided to explore the blockchain technology for multiple fields. As per...
RBI’s Power Over Crypto Challenged at Length in Indian Supreme Court Today
14.8.2019
The Indian supreme court resumed hearing the writ petitions against the banking restriction by the central bank, the Reserve Bank of India (RBI), on Wednesday. Many issues were discussed, ranging from the legality of the RBI action to the classification of crypto assets and how each country...
Indian Telecom Jio Reveals Blockchain Network for 330 Million Customers
12.8.2019
India’s Jio reveals plans for one of the world's largest blockchain networks
India Plans to Introduce Crypto Bill Next Parliament Session – A Look at Community Responses
10.8.2019
The Indian government has submitted a draft crypto bill to the supreme court and expressed its intention to introduce the bill in the next parliament session. The court subsequently set a new date to hear the case relating to crypto regulation. Meanwhile, the Indian crypto community has ramped...
Indian Supreme Court Heard Crypto Case in Depth Today
8.8.2019
The Indian supreme court finally heard the crypto case today after postponing it several times. The court addressed the government’s crypto policy as well as the writ petitions challenging the banking restriction by the central bank. The latter was heard in some detail while the former...
Indian Tax Authority Sends Probing Questions to Crypto Owners – Experts Weigh In
7.8.2019
As the Indian government deliberates on the country’s crypto policy, the tax authority continues to send out letters with lengthy, probing questions to crypto owners. News.Bitcoin.com talked to industry experts to find out the implications of these letters, what people can do when receiving...
What Effect Could an Indian Ban Have on the Global Crypto Industry?
3.8.2019
With a number of Indian crypto-exchanges having closed down in the midst of an already harsh environment for cryptocurrency, it would seem that the introduction of a cryptocurrency ban is now almost inevitable in India.
But while there's little doubt that this would be a massive blow for Indian...
Indian Government Updates Parliament on Crypto Plans
1.8.2019
The Indian parliament has repeatedly asked the finance minister about the government’s plans for cryptocurrency. In July alone, the Ministry of Finance answered three sets of questions: two in Rajya Sabha, the upper house, and one in Lok Sabha, the lower house of the parliament. Also read:...
2,700 Indian Companies Stood Against Proposed Crypto Ban
31.7.2019
An association of Indian technology companies wants the government to rethink a potential ban on cryptocurrencies – and choose a path of regulation instead of a China-style blanket ban.
The National Association of Software and Services Companies (NASSCOM) said that a proposed ban...
Indian Finance Minister Addresses Crypto Proposal – Industry Responds
31.7.2019
India’s finance minister has broken silence and talked about the crypto draft bill and report her department is examining which propose to ban cryptocurrencies. While she views the report as “very futuristic and well-thought-out,” the crypto industry sees it as flawed...
Calls Intensify for Indian Government to Regulate Cryptocurrency
29.7.2019
Since the Indian government unveiled a draft bill to ban cryptocurrency, the crypto community has ramped up its efforts to influence the government’s final decision. The community has plans to reach out to parliament members to show them how flawed the crypto recommendations the government...
Amazon Seeks Stable E-Comm Policy and Engaging With Indian Government
26.7.2019
Earlier this year, Amazon India and other e-commerce firms had run into trouble due to a new set of regulations that had been introduced by the Indian government. However, the company is no longer taking any chances and is currently engaging regularly with the government, to ensure that...
Indian Government Official Resigns After Drafting ‘Flawed’ Crypto Bill
26.7.2019
The Indian government official who headed the committee which drafted the bill to ban cryptocurrencies has resigned after releasing the report and draft bill which the crypto community calls “flawed.” Meanwhile, the government has confirmed that cryptocurrency is currently...
The Indian Crypto Dream Finally Coming to an End, As Lower House Introduces Bill to Ban Crypto
25.7.2019
After a thousand speculations and several months of expectations, the Indian crypto dream is finally coming to a dead end. The Lok Sabha, the lower house of the Parliament has introduced a bill to ban cryptocurrencies, incorporating a prison term of up to 7 years. The bill, titled ‘Banning...
Indian Supreme Court Sets New Date to Hear Crypto Case
24.7.2019
The Indian supreme court has set a new date to hear the crypto case that was originally scheduled to be heard on July 23. The court is expected to address the writ petitions against the RBI banking restriction as well as the government’s report and the recently released draft crypto bill....
Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing
23.7.2019
The Indian government has officially released the report by the interministerial committee tasked with proposing crypto measures. The announcement came one day before the country’s supreme court was scheduled to hear the writ petitions against the crypto banking restriction. The report...
Drama of Indian Crypto Industry Continues as Inter-Ministerial Committee Proposed Complete Ban
23.7.2019
The drama surrounding the fate of the crypto industry in India continues to grow, as the inter-ministerial committee has now proposed a ban of crypto. While this doesn’t come as a complete shock, recent proceedings in the Parliament’s Upper House suggested that cryptocurrencies will soon be made...
Indian Panel Proposes Fines and Jail Time for Cryptocurrency Use
23.7.2019
The panel also encouraged some distributed ledger projects including a government-owned cryptocurrency