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Nalezeno "India": 1501

Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial

23.10.2019
The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what...

Cashaa Launches Banking Solution for Indian Crypto Owners

22.10.2019
Banking services platform Cashaa is offering a solution for Indian crypto owners facing banking restrictions imposed by the country’s central bank, the Reserve Bank of India (RBI). The service allows users to deposit up to 1 crore rupees (~$141,012) per month to purchase cryptocurrencies....

Indian Finance Minister Answers Crypto Questions at IMF Meeting

21.10.2019
At an IMF and World Bank meeting, Indian Finance Minister Nirmala Sitharaman talked about cryptocurrency and stablecoins when asked about Facebook’s Libra digital currency project. RBI Governor Shaktikanta Das also addressed the subject at the conference. Also read: Indian Supreme Court...

Indian Supreme Court Postpones Crypto Case to November

15.10.2019
The Supreme Court of India on Tuesday once again postponed hearing the case against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case...

Bitfury to Establish Blockchain Innovation and Research Center in Hyderabad

14.10.2019
As per the latest reports, the Bitfury Group that is the world’s biggest full-service blockchain tech firm is all set to establish an innovation and research center for Blockchain in Hyderabad. For that, Bitfury has already joined forces with the blockchain District of Telangana. The reports also...

Indian Supreme Court Sets Date to Hear Crypto Case Next Week

7.10.2019
The Supreme Court of India has confirmed a new date to hear the crypto case after multiple delays. During the last hearing, the court directed the Reserve Bank of India (RBI) to reply to crypto exchanges’ representation within two weeks, which the central bank has done. Also read:...

Bank Raided, Arrests Made but RBI Still Restricts Withdrawals

6.10.2019
The crisis has elevated at the cooperative bank recently placed under regulatory restrictions by India’s central bank. Multiple branches have been raided and several arrests were made. However, the RBI continues to impose a withdrawal limit, preventing bank customers from accessing their...

India Needs a Far-sighted Approach Regarding Cryptocurrencies

5.10.2019
We’re most definitely at a stage where corporations and governments around the world are moving their financial services up to the Blockchain. Standing at this point, India, however, might be at the risk of ceding ground to other countries that have already opted cryptocurrencies rather than...

Reserve Bank of India Restricts Indian Police to Seize Crypto Scam Amount

4.10.2019
Legal implications on Banks by the Reserve Bank of India (RBI) have caused trouble for the Pune city police department wanting to cash out seized cryptocurrencies worth of 8.42 crore INR. That amount of Indian currency was acquired by selling 244.0925 Bitcoins. The cryptocurrency was seized from...

What Ban? Bithumb Eyes India for Expansion + 11 More Crypto News

4.10.2019
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Cryptocurrency exchange news South Korea’s major crypto exchange Bithumb is hoping to launch an exchange in India, per a report...

RBI Ban Stops Indian Police From Cashing Out Seized Crypto

4.10.2019
The effects of banking restrictions by the Reserve Bank of India (RBI) have reached an Indian police department. The police sold some cryptocurrencies they seized only to find out that they cannot access the Rs 8.42 crore (~$1.2 million) proceeds due to the current RBI banking ban. Also read:...

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