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Crypto Can Boost Indian Economy – How Banning Will Hurt it
29.8.2019
The Indian economy is experiencing severe economic slowdown not seen in many years, and cryptocurrency can potentially help. However, the government is considering a draft bill to ban cryptocurrencies, which could have undesirable consequences on the economy. Meanwhile, the Indian crypto community...
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...
IAMAI Slams RBI for Banning Crypto in India, Says Central Bank has no Such Authority
17.8.2019
IAMAI or Internet and Mobile Association of India has slammed the move by the Reserve Bank of India (RBI) of releasing the circular directing banks to stop serving crypto companies, which literally killed many of them in the country. While arguing in the Supreme Court, the IAMAI counsel Ashim Sood...
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...
Expert: India Will Lose An Almost $13 Billion Market By Banning Crypto
9.8.2019
India’s ban on crypto may be very costly, with the CEO of one research firm estimating that the country will lose out on almost $13 billion
Goldman-Backed Apple Card Restricts Cryptocurrency Purchases
4.8.2019
Cryptocurrencies cannot be purchased with the new Apple credit card according to the American multinational technology company’s recently published customer agreement guidelines. The Apple card’s restrictions indicate that the company’s partner, Goldman Sachs, is leery toward...
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...
Is India Getting Ready for 40 Years of Reverse Gear by Banning Cryptocurrency?
29.7.2019
Cryptocurrency industry, despite in its nascent stage, is roaring like a lion around the world. The blockchain revolution has allured so many countries around which include the world-leading powers as well as the developing ones. Every now and then, newer innovations are taking place in...
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...
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...
Indian Government Breaks Silence on Crypto Regulation
19.7.2019
The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the report with the recommended crypto regulation...
Complete Indian Draft Crypto Bill Leaked – Experts Weigh In
16.7.2019
A draft cryptocurrency bill for India has been leaked in full, but details of the bill have raised some questions. News.Bitcoin.com talked to a number of experts in the field who shared their analyses of the bill’s content and its implications on the Indian crypto industry. Also read:...
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...
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...
Indian Cryptocurrency Regulation Is Ready, Official Confirms
2.6.2019
Ahead of the G20 summit, India’s new finance secretary has confirmed that the report detailing the country’s crypto regulation is now ready. It will soon be submitted to the finance minister for approval. Since Arun Jaitley opted out of cabinet responsibilities, Prime Minister Narendra...
Reserve Bank of India Urged to Reconsider Banning Crypto From Regulatory Sandbox
16.5.2019
Lobbying groups are urging the Reserve Bank of India to allow crypto-related products to be tested in its regulatory sandbox