Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial

Bank Crisis Spreads in India - Deaths, Strike, Supreme Court DenialThe Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what the bank unions call “cold-blooded murder of six banks.” Also read: Indian Finance Minister […]

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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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Indian Supreme Court Sets Date to Hear Crypto Case Next Week

Indian Supreme Court Sets Date to Hear Crypto Case Next WeekThe Supreme Court of India has confirmed a new date to hear the crypto case after multiple delays. During the last hearing, the court directed the Reserve Bank of India (RBI) to reply to crypto exchanges’ representation within two weeks, which the central bank has done. Also read: India’s Popular ‘Who Wants to Be a […]

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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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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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Indian Lawmaker Raises Hope of Positive Crypto Regulation

Indian Lawmaker Raises Hope of Positive Crypto RegulationA member of the upper house of the Indian parliament has given the crypto community some advice on what can be done to influence the government’s crypto decisions. He encourages anyone to reach out to him and discuss their concerns, including issues related to the draft bill to ban cryptocurrencies in India. His words and […]

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Crypto Can Boost Indian Economy – How Banning Will Hurt it

Crypto Can Boost the Indian Economy - How Banning Will Hurt itThe Indian economy is experiencing severe economic slowdown not seen in many years, and cryptocurrency can potentially help. However, the government is considering a draft bill to ban cryptocurrencies, which could have undesirable consequences on the economy. Meanwhile, the Indian crypto community has already been enduring a banking ban by the central bank. Also read: […]

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Indian Supreme Court Orders RBI to Answer Crypto Exchanges, New Date Set

Indian Supreme Court Orders RBI to Answer Crypto Exchanges, New Date SetAfter hearing the arguments against the banking restriction by the Reserve Bank of India (RBI) in detail, the Indian supreme court directed the central bank to reply to the representations filed by crypto exchanges. Since the RBI has not adequately answered them, the court set a new date to resume hearing the case. Also read: […]

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RBI Defends Its Power Over Crypto in Indian Supreme Court

RBI Defends Its Power Over Crypto in Indian Supreme CourtThe Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also read: RBI’s Power Over Crypto Challenged at Length in […]

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RBI’s Power Over Crypto Challenged at Length in Indian Supreme Court Today

RBI’s Power Over Crypto Challenged at Length in Supreme Court TodayThe Indian supreme court resumed hearing the writ petitions against the banking restriction by the central bank, the Reserve Bank of India (RBI), on Wednesday. Many issues were discussed, ranging from the legality of the RBI action to the classification of crypto assets and how each country regulates them. Also read: India to Introduce Crypto […]

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