Tags : India

Regulation

India could soon classify Bitcoin as a regulated ‘asset’

Lawmakers in India are reportedly looking to classify Bitcoin as an ‘asset’ regulated by the Securities and Exchange Board of India (SEBI), as per a report on local daily the New Indian Express this morning. Regulation for Bitcoin incoming? SEBI is expected to oversee Bitcoin activity in India and classify it as a proper, regulated […]Read More

Regulation

Reserve Bank of India slams banks after they stop services

The Reserve Bank of India, the country’s central bank, released a new directive today after local banks ceased crypto services for users citing a directive from 2018, an official filing shows. “It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in virtual currencies by […]Read More

Regulation

India may be considering crypto regulation instead of a blanket

News › India › Regulation A special panel of experts may be formed in India to develop a regulatory framework for cryptocurrencies. Liam Frost · May 19, 2021 at 6:00 pm UTC · 2 min read India’s central government is currently considering the possibility of creating a regulatory framework for cryptocurrencies in the country—instead of […]Read More

Regulation

India may give crypto holders an “exit window” in case

India’s officials are currently discussing the possibility of providing an “exit window” that would allow crypto holders to get rid of their assets ahead of the potential ban on all “private” digital currencies, The Indian Express reported today. “The government is expected to provide an exit window to existing crypto holders in the event of […]Read More

Bitcoin

Here’s how former Coinbase CTO Balaji Srinivasan says India should

Former Coinbase CTO Balaji Srinivasan says India must enable cryptocurrency payments and related services for its citizens on several government-backed applications, as per a blog post over the weekend. He proposed adding cryptocurrencies to ‘IndiaStack,’ a set of national APIs for payments, identity, KYC, e-signature, and document verification that is used by government applications to […]Read More

Bitcoin

Is India The Start Of Governments Banning Bitcoin?

This week, it was revealed that India would seek to impose some of the most stringent rules globally on cryptocurrencies, banning citizens from owning, trading, transferring, or mining assets like Bitcoin and altcoins. The move comes as cryptocurrency technology captures the interest of the financial world, Bitcoin grows considerably, and India plans to introduce its […]Read More

Bitcoin

Bitcoin Weekly Outlook: India Ban Scare, FOMC Meeting in Focus

Key Bitcoin Takeaways Bitcoin slipped on Monday after logging a record high above $61,000 during the weekend session. Fears of a crypto ban in India and recovering US dollar and bond yields pressured the cryptocurrency. More clues about the market bias to come from this week’s Federal Open Market Committee’s meeting. Bitcoin fell more than […]Read More

Market

India Would Ban Private Cryptocurrencies Under Proposed Legislation

The Indian Parliament will consider a government-introduced bill that would ban private cryptocurrencies in its upcoming budget session. Given the ruling party controls both houses of Parliament, the chances of the bill’s passage are considered good. According to the Lok Sabha Bulletin published Friday, the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, seeks […]Read More

Regulation

Crypto Now Legal In India? Not So Fast

Blockchain advocates have hailed the recent Indian Supreme Court’s pro-crypto ruling as a landmark for adoption and development. Now, new forces are emerging that seek to put the brakes on India’s rapid embrace of cryptocurrency.  COURT RULING DOES NOT FULLY RESOLVE THE ISSUE The Economic Times of India has published an article outlining the details […]Read More

Regulation

India Plans Bitcoin Ban Even as Its Banking System Gradually

The Indian government is planning to introduce a law that would effectively ban Bitcoin. Local media reports that the Ministry of Finance has moved the proposal for inter-ministerial consultation. India’s decision to ban cryptocurrencies surface even as it faces one of its worst credit and banking crisis. The Indian government may ban Bitcoin. According to […]Read More