While the regulations surrounding cryptocurrencies, remain in a gray area, there is some good news on the blockchain in India front. The National Payment Corporation of India (NPCI) announced the
Indian Police Can’t Sell Seized Crypto Due to RBI’s Banking Ban
In an ironical situation, the Pune police have moved a session’s court to gain access to the Rs 8.42 crore they converted after seizing over 244 cryptocurrency units. These digital
RBI Responds to IAMAI as per Supreme Court orders
Sohail Merchant, the founder of cryptocurrency exchange, PocketBits announced that the central bank of India, the Reserve Bank of India (RBI) has responded to the Internet and Mobile Association of
Supreme Court Gives RBI Two Weeks to Respond to Representation Given by Exchanges
The fourth formal hearing in the RBI banking ban matter continued in the Supreme Court today. Both the counsels made their representations in the court today. According to inputs provided
Supreme Court Hearing Continues on the RBI Banking Ban
The hearing on the RBI banking ban continued in the Supreme Court today. This was the third formal hearing in the case, after August 8th and August 14th. Blockchain regulatory
RBI Working on Blockchain Platform for Banks
The Reserve Bank of India (RBI) is planning to use blockchain technology to serve the needs of Indian banks. The Institute for Development and Research in Banking Technology (IDRBT), the
RTI Reveals RBI has No Idea About ‘Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019’
Earlier this year, an Economic Times (ET) report caused a huge furore in the Indian cryptocurrency community after it revealed details about a new bill which ostensibly stated that India
Five Reasons Indian Government should Hand Over Regulation of Crypto Assets to SEBI
India is among the few countries in the world that has seemingly no idea what to do with cryptocurrencies. While some countries like China have completely banned cryptocurrencies, many others
RBI U-Turn on Crypto: Latest Report says Digital Currencies not a Threat
The Reserve Bank of India (RBI) recently released its annual report on Trend and Progress of Banking in India 2017-18. In what should come as great news for Indian crypto
What to do if your bank account is shut because of cryptocurrency transactions?
Post the April 6th RBI circular, a lot of banks have sent out official communication to their users that their bank accounts will be shut if they conduct cryptocurrency transactions.
