A resurgent bitcoin is rekindling Indian interest in cryptocurrencies with reports suggesting many dormant holders are back to trading. A report in Livemint is also attributing the piqued interest to a recent Indian supreme court decision to overturn a prohibition that barred banks from dealing with cryptocurrency exchanges. The ban was imposed by the Reserve […]
The global pandemic Covid-19 is forcing Indians to resort to digital payment platforms when settling bills as well as paying for groceries. Before the Covid-19 outbreak, Indian citizens largely ignored a 2016 government decree that attempted to achieve the same, reports The Economic Times of India. The news site reports that the value of transactions […]
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The CEO of CoinSwitch shares his insights about the possibility of a cryptocurrency blanket ban in India.
Indian banks are reluctant to work with crypto firms, even though RBI clears the air.
Several factors make India the hallmark country for crypto adoption. Experts, however, agree that several challenges still stand in the way.
Here are the legal resources available to Indian crypto users and businesses if a bank has declined services out of cryptophobia.
India’s central bank, the Reserve Bank of India (RBI), has confirmed that there is no longer any banking ban on crypto exchanges, companies, or traders. This follows the supreme court decision to quash the RBI circular prohibiting banks from providing services to any customers dealing in cryptocurrencies. The ban lasted for almost two years. RBI […]
The post RBI Confirms No Ban on Cryptocurrency Exchanges, Businesses or Traders in India appeared first on Bitcoin News.
Regulation is one of the biggest hurdles for crypto in India as exchanges continue the legal battle to establish a clear framework.
India’s crypto exchanges are demanding that the country’s central bank provide clear guidelines regarding taxation.
From the renowned crypto VCs like Tim Draper to big-time exchanges like Binance — India’s crypto space is going through a post-ban rebirth