A growing number of cryptocurrency exchanges in India are adding stablecoins such as trueusd (TUSD) and tether (USDT) to their platforms. They are part of the solutions exchanges have come up with in order to minimize the impact of the crypto banking ban imposed by the country’s central bank. Also read: Yahoo! Japan Confirms Entrance Into […]
The Indian government is reportedly considering whether to allow crypto tokens — not cryptocurrencies — to be used in the country, based on proposals from an inter-ministerial committee
One of the largest cryptocurrency exchanges in India, Zebpay, has enabled Trueusd (TUSD) trading, deposits and withdrawals. The dollar-pegged stablecoin is offered as an alternative to fiat trading which is problematic under the Indian central bank’s ban. Also Read: The Daily: New Education Centers, Vietnamese Ask for Fraudster’s Extradition Zebpay Enables Trueusd Mumbai-headquartered cryptocurrency exchange […]
Unocoin, a major Indian crypto wallet and exchange, has suspended fiat deposits and withdrawals due to the central bank’s crypto dealings ban
The Indian government is expected to issue detailed cryptocurrency guidelines by September, a senior official from the country’s Ministry of Finance reportedly said. Consultations with all stakeholders including the central bank have already begun. This announcement is independent of the supreme court’s hearing of petitions relating to crypto regulation in India. Also read: Yahoo! Japan Confirms […]
The Reserve Bank of India urged the Supreme Court to regulate crypto, following the court’s postponement of a hearing on the bank’s ban on crypto dealings
India’s Supreme Court will hold the final arguments regarding the RBI directive against crypto hearings in September
A Supreme Court decision on the Reserve Bank of India’s efforts to bar crypto firms from receiving banking services has been pushed to September.
The alleged bitcoin Ponzi kingpin, Amit Bhardwaj, has reportedly offered to pay back the initial investments in Indian rupees to those who lost money through his scheme. However, victims want the current value of their cryptocurrencies, not the initial investments. Zebpay, one of India’s largest crypto exchanges, has also been called in to help with […]
The Reserve Bank of India has finally clarified its position on cryptocurrencies following this year’s crypto banking ban, writes Bitcoin.com. The clarification has come due to a request by the Internet and Mobile Association of India (IAMAI) following that organization’s submission to India’s Supreme Court contesting the ban. Apparently, the RBI’s response to the IAMAI won’t […]
After much waiting and speculation on the July 5 deadline, India may forgo banning investment in cryptocurrency after all. Indian Ban May Be a Bust The three-month time span from the Reserve Bank of India’s initial announcement that all RBI regulated entities must cease any crypto related activities, including both individuals and firms, was filled with speculation… […]
It’s been a gloomy week for the crypto community in India. After three months of waiting for the Supreme Court to make a ruling on the petitions against the RBI’s directive in April, it finally happened on July 3. The country’s highest court upheld the RBI’s directive that required all financial institutions to exit all […]
The deadline for the Indian central bank crypto dealings ban to be implemented ends today, as Bitcoin dips below $6,500
The long-awaited decision by India’s highest court finally arrived, and the crypto community has lost. The drama began when the Reserve Bank issued a directive to all financial institutions in the country to cease offering financial services to the crypto industry. The crypto community swiftly went to court to challenge the decision, led by crypto […]
The RBI has responded to a query about why it moved to block banks from dealing with crypto businesses earlier this year.