New funding from CoinFund will help Delta establish a further presence in the Indian market.
RBI’s recent response to an information request shows that Indian banks are not prohibited from dealing with cryptocurrency business.
Regulation is one of the biggest hurdles for crypto in India as exchanges continue the legal battle to establish a clear framework.
The Indian cryptocurrency industry has been growing rapidly despite the nationwide lockdown and the coronavirus crisis. Two new cryptocurrency trading platforms are launching in India while existing crypto businesses seek clarification from the central bank, the Reserve Bank of India (RBI). New Cryptocurrency Trading Platforms Launching in India The crypto sector in India is showing […]
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India’s crypto exchanges are demanding that the country’s central bank provide clear guidelines regarding taxation.
The government of India is reportedly discussing a regulatory framework for cryptocurrencies with the central bank, the Reserve Bank of India (RBI), and the Securities and Exchange Board of India (SEBI). Furthermore, the government is awaiting the outcome of another cryptocurrency case at the supreme court to make its final decision on crypto regulation. Also […]
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Indian parliamentarians have recently questioned the Minister of State for Finance and Corporate Affairs about the activities of crypto companies
Despite the Indian supreme court quashing the central bank’s ban on crypto, some major banks, including HDFC and Indusind Bank, are still arbitrarily declining to process crypto transactions. Banks say they are waiting for instructions to lift the ban from the Reserve Bank of India (RBI). Also read: Bitcoin Legal in India — Exchanges Resume […]
The post Some Indian Banks Ignore Supreme Court Verdict on Cryptocurrency, RBI Urged to Rectify appeared first on Bitcoin News.
These countries have made a dramatic turnaround in their views on crypto
Despite the Supreme Court repealing the RBI crypto ban, India’s crypto industry still faces significant challenges