RBI

bitcoin businesses in India

Indian Ministry Reveals Investigations into Bitcoin Businesses

A filing submitted in the lower house of India’s parliament – the Lok Sabha – has revealed an investigation into fraudulent practices by so-called “bitcoin companies” operating in the country. An official question was submitted by center-left parliamentarian Mohammed Faizal and was answered by Minister of State for Finance and Corporate Affairs Anurag Thakur on […]

some indian banks are still refusing to process crypto transactions

Some Indian Banks are Still ‘Arbitrarily’ Refusing to Process Crypto Transactions

Earlier this month, India’s Supreme Court delivered its verdict in a landmark case that promised to usher in a bullish era for cryptocurrency in the country. The apex court ruled to overturn a circular from the Reserve Bank of India (RBI) – issued back in April 2018 – which had banned banks’ services to all […]

RBI plans to file review petition

RBI to File a Review Petition on Supreme Court’s Crypto Decision

India’s central bank, Reserve Bank of India (RBI), is planning to file a petition against the recent landmark judgment made by the apex court that nullified the controversial banking ban it imposed on companies transacting in cryptocurrencies. According to a report by The Economic Times on 6th March, the RBI is worried that the court’s […]

Supreme Court of India lifts RBI ban on banks servicing crypto firms

India Supreme Court Lifts RBI Ban on Banks Servicing Crypto Firms

The Supreme Court of India has struck down the Reserve Bank of India’s (RBI) controversial ban on banks’ dealings with crypto-related firms. The court’s bench of justices Rohinton Nariman, S Ravindra Bhat, and V Ramasubramanian delivered the judgment 4th March, litigation news site Live Law reported. Landmark ruling India’s central bank, RBI, had imposed a […]

zebpay

Zebpay Returning to India Ahead of SC’s Decision on RBI Ban

Zebpay, the crypto exchange platform, is returning to India more than a year after closing down local crypto exchange operations due to the banking ban imposed by RBI. Under a new leadership team, the exchange has also revealed many upcoming new services, including a crypto-to-crypto exchange. It will also support a way for users to […]

Prime Minister of India awards Harshita Arora for her Cryptocurrency App

Prime Minister of India Awards Young Entrepreneur for Cryptocurrency App

Prime Minister of India, Narendra Modi awards a young entrepreneur for her cryptocurrency price tracking application. On the other hand, the govt is still deliberating on the country’s crypto policies. Several media rush to the award recipient to find out more about her app. Meanwhile, the RBI is challenged in the SC regarding its crypto […]

blockchain in india: digital rupee

Blockchain Adoption in India: Draft Calls for State-Run Digital Indian Rupee

Blockchain adoption in India takes a new turn. A breeze of India’s inhabitant plan on blockchain and distributed bill record suggests an executive bank digital banking (CBDC), a digital Indian rupee, and an inhabitant blockchain. The National Institute for Smart Governance (NISG) is a non-profit open physique from the Govt of India. NISG recently publishes […]

cryptocurrencies in india

Cryptocurrencies in India Not Banned; But Don’t Bank on It – Says RBI

The Reserve Bank of India today reveals that it hadn’t banned cryptocurrencies in India but only ringfenced regulated entities like banks. It’s because of the risks associated with the trading of such virtual assets. The central bank of India said this in a response to a petition filed by the IAMAI. Internet and Mobile Association […]

Blockchain based banking platform

India’s Central Bank Will Implement Blockchain Based Banking

The Reserve Bank of India (RBI) is developing a blockchain based banking platform to facilitate banking processes. RBI’s research and development branch have undertaken the move. The new platform will cater to banking needs and will host various blockchain applications. The launch will take place sometime in 2020…