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RBI vs. Crypto: Supreme Court of India – January 23, 2020


We at CryptoNewsZcom are set to resume our coverage of the RBI vs Crypto hearings at the Supreme Court of India! After 3 days of proceedings, the RBI counsel is likely to conclude his case today. The post RBI vs. Crypto: Supreme Court of India – January 23, 2020 appeared first on CryptoNewsZ

RBI vs. Crypto: Day 3 at the Supreme Court of India


Based on a directive circulated by the Reserve Bank of India (RBI), cryptocurrency has long been considered banned in India. Well, not anymore. In a surprising turn of events, on Day 2 of the hearing, the central bank responded to a writ petition filed by the Internet and Mobile Association...

RBI Confirms Crypto Not Banned in India


The Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in...

Indian Minister Inaugurates Blockchain Center of Excellence in Bengaluru


A Centre of Excellence in Blockchain Technology has been inaugurated by Indian Union Minister Ravi Shankar Prasad in Bengaluru. It will facilitate various government departments in their blockchain work, leading to large scale deployment of blockchain applications. Also read: Regulatory Roundup:...

India Faces a New Hurdle: An Economic Slowdown


As a majority of the world’s leading economies are anticipating a recession, India has not been spared. The Indian economy is also in shatters for the last few years. The recent Government estimates have indicated a growth rate at as low as 5% that is the weakest since 2009. Indian Government...

Crypto vs RBI: 3 Days of Intense Supreme Court Hearings


India’s supreme court heard the crypto case in detail over three consecutive days this week. In addition to intense arguments against the central bank having the power to ban crypto, the judges learned how other countries regulate this new sector, the amended EU directive, the FATF guidance...

Indian Supreme Court Hears In-Depth Arguments Against RBI Ban


India’s supreme court spent all day hearing arguments against the crypto banking ban by the Reserve Bank of India (RBI) on Wednesday. The counsel for the Internet and Mobile Association of India presented extensive arguments to convince the court that the central bank acted outside...

Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia


In this roundup, we cover EU-wide crypto regulations and individual countries’ new digital asset rules including Austria and the U.K. We also cover numerous crypto regulatory developments in the U.S., China, Japan, South Korea, India, and the Philippines. Also read: Regs Roundup: SEC Actions...

Kerala Outlines Plans to Become India’s Blockchain Hub


The Indian state of Kerala is actively exploring using blockchain technology to improve a wide range of existing systems, including financial. Thousands of people are already being trained in the state to become blockchain experts, some of whom have already graduated, according to the state’s...

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