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New Rumors On Indian Crypto Ban, Bonds on Blockchain + More News


Source: Adobe/Patange_R Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news India plans to introduce a new law banning trade in cryptocurrencies and the bill is expected to...

OKEx CEO Says Indian Crypto Ban 'Unlikely', Has 3 Scenarios in Mind


Major crypto exchange OKEx opened the doors of their new platform in India, amidst speculations that another crypto ban might be incoming. This scenario the exchange's CEO finds unlikely to happen, describing the platform's first day of trading as a "huge success." On August 5,...

Government Official Updates Progress of India’s Cryptocurrency Law


A government official has reportedly confirmed that a “note” regarding the legal framework for cryptocurrency in India has been forwarded to related ministries for inter-ministerial discussions. It would then be presented to the cabinet for approval. Status of Indian Crypto Bill...

Major Chinese Banks Bar Customers From Buying Gold, Precious Metals


Major Chinese banks have taken measures to prevent customers from buying gold, platinum, palladium, and other precious metal-related products through them. The Shanghai Gold Exchange also says it may take necessary measures to curb gold trading to “protect investors.” Chinese Banks...

Indian Government Confirms Crypto Bill Is ‘Awaiting Approval’


The Indian government has confirmed in a Right to Information (RTI) reply that the inter-ministerial committee’s cryptocurrency bill is “awaiting approval of the government.” The bill is currently being examined by various ministries. Indian Government’s Confirmation...

Chinese Arbitration Body Says Crypto Crackdown ‘Isn’t a Bitcoin Ban’


Beijing’s local arbiter has attempted to clarify the government’s stance on bitcoin (BTC) – and stated that the world’s most notorious crypto ban is not exactly a “ban” per se. In an unprecedented move from a Chinese legal body, the Beijing Arbitration Commission (BJAC) – one of nine local legal...

Bitcoin Tops $11,000 Reigniting Interest in India


A resurgent bitcoin is rekindling Indian interest in cryptocurrencies with reports suggesting many dormant holders are back to trading. A report in Livemint is also attributing the piqued interest to a recent Indian supreme court decision to overturn a prohibition that barred banks from dealing...

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