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Indian Crypto Dreams Crash Down As Government Proposes 10 Year Jail Term For Crypto Trading
8.6.2019
All the crypto dreams in India came down crashing, and a new bill has been introduced in India, proposing a complete ban on crypto trading and criminalizing it. The Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019, proposes a 10-year prison term for anyone engaged...
RBI Denies Any Knowledge Of Cryptocurrency Draft Bill
6.6.2019
In a reply given to Blockchain lawyer’s founder, Varun Sethi under the Right to Information (RTI) Act, India’s Central Bank, Reserve Bank of India (RBI) has said that it has no information regarding the cryptocurrency bill being on the anvil. The central bank also said that it doesn’t support...
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...
Supreme Court Advocate Suggests How to Regulate Cryptocurrency in India
24.5.2019
An Indian supreme court advocate has shared some thoughts on the kind of cryptocurrency regulation India can benefit from. The right regulatory framework “would ensure transparency, oversight and accountability,” but a “one size fits all” regulation would be a mistake,...
Indian Crypto Traders Undeterred by Ban Rumor
12.5.2019
The Indian crypto community is undeterred by the widespread rumor that its government is discussing a bill which could ban some cryptocurrencies. Local crypto exchanges have revealed to news.Bitcoin.com that their trading volumes have been increasing despite this report. Meanwhile, experts have...