Russia Blocks 2 Crypto News Websites

Russia Blocks 2 Crypto News WebsitesRussian authorities have restricted access to a couple of cryptocurrency news outlets. The formal reasons for the censorship move are different in each case but the end result is the same. In both, regulators have acted on the basis of a law that empowers them to block online sources of information that have been banned […]

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Indian Supreme Court Postpones Crypto Case to November

Indian Supreme Court Postpones Crypto Case to NovemberThe Supreme Court of India on Tuesday once again postponed hearing the case against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case today. Also read: RBI Ban Stops Indian Police […]

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Bank Raided, Arrests Made But RBI Still Restricts Withdrawals

Bank Raided, Arrests Made But RBI Still Restricts WithdrawalsThe crisis has elevated at the cooperative bank recently placed under regulatory restrictions by India’s central bank. Multiple branches have been raided and several arrests were made. However, the RBI continues to impose a withdrawal limit, preventing bank customers from accessing their savings. The bank has 137 branches across India. Also read: RBI Ban Stops […]

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RBI Ban Stops Indian Police From Cashing Out Seized Crypto

RBI Ban Stops Indian Police From Cashing Out Seized CryptoThe effects of banking restrictions by the Reserve Bank of India (RBI) have reached an Indian police department. The police sold some cryptocurrencies they seized only to find out that they cannot access the Rs 8.42 crore (~$1.2 million) proceeds due to the current RBI banking ban. Also read: India’s Popular ‘Who Wants to Be […]

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Zimbabwe Bans Popular Mobile Money Services From Paying out Fiat Cash

Zimbabwe is once again showing the need to take away from politicians the power to control normal people’s money. The government there is now trying to cope with the results of mismanaging the economy by preventing citizens from using their fiat currency as they see fit. Also Read: Bittrex, Coinbase and Kraken Set up Crypto […]

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New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals

New Evidence Escalates Panic as RBI Still Limits Bank WithdrawalsCustomers of a cooperative bank with 137 branches across India still do not know the fate of their money, which was restricted by the central bank. Evidence of alleged bank fraud has since surfaced, but the RBI still insists that India’s banking system is safe, despite many citizens being unable to withdraw their money. Also […]

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Protests Led RBI to Raise PMC Bank’s Withdrawal Limit

Protests Led RBI to Raise PMC Bank's Withdrawal LimitThe Reserve Bank of India has relaxed the withdrawal limit of 1,000 rupees (approximately $14) it placed on a cooperative bank a couple of days ago. The central bank said it aims to reduce the hardship of depositors after many heavy protests followed its original order. Also read: Panic at 137 Bank Branches as RBI […]

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Indian Parliament Member Helping Crypto Community Influence Regulation

Indian Parliament Member Helping Crypto Community Influence RegulationThe Indian crypto community has made progress towards influencing the government’s crypto policies. Some industry leaders have met with an influential lawmaker who has agreed to help bring about positive crypto regulation in the country. Also read: India’s Popular ‘Who Wants to Be a Millionaire’ Show Gives Crypto a Boost Parliament Member Agrees to Help […]

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