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Viva La Crypto • November 20-21, 2018

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Tag: RBI

Unocoin May Soon Launch India’s First Crypto ATM

Category: Altcoins, Business, Finance, News, Platform, Tech

Unocoin May Soon Launch India’s First Crypto ATM

Indian crypto exchange Unocoin acknowledged that it is launching country’s first crypto ATM, touted to support at least five cryptocurrencies, as reported by Inc42 on October 12, 2018. The news comes in a tensed moment as the country’s highest judicial forum, the Supreme Court of India, is to declare the verdict on the crypto banking blockade that crippled the local…

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Reserve Bank of India Concerned about Crypto-Regulations Backfiring

Category: Altcoins, Bitcoin, Finance, News, Regulation

Reserve Bank of India Concerned about Crypto-Regulations Backfiring

The Reserve Bank of India’s decision to crack down on the emerging crypto space may have been having the unintended effect of pushing digital currencies back into the underground. Ban Creating a Black Market? On August 29, 2018, the RBI released its annual report, which stated that there was a need to keep track of digital currencies in order to…

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Indian Lawyer: “RBI Policy will Drive Crypto Industry Underground”

Category: Altcoins, Bitcoin, Blockchain, News, Regulation

Indian Lawyer: “RBI Policy will Drive Crypto Industry Underground”

Speaking at the inaugural International Blockchain Congress held in India on August 4, 2018, Jaideep Reddy, a prominent Indian lawyer and crypto market advisory specialist, has criticised the anti-crypto stance of the Reserve Bank of India (RBI) which prevents banks from carrying out transactions with crypto-related entities.  Reddy stated that the hostile policy will not have the desired effect, but…

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Supreme Court of India Reschedules Cryptocurrency Ban Petition to September 2018

Category: Altcoins, Bitcoin, Business, News, Regulation

Supreme Court of India Reschedules Cryptocurrency Ban Petition to September 2018

On July 20th, 2018, The Supreme Court of India again delayed the hearing for the fate of cryptocurrencies, on account of minimal action from SEBI regarding the petition seeking regulation of cryptocurrency in India. The new date for final arguments has been set to 11th September 2018. The latest hearing held on July 20, 2018, against the Reserve Bank of…

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Indian Regulators May “Unban” Cryptocurrency Trading Soon

Category: Adoption, Altcoins, Bitcoin, Blockchain, News, Regulation

Indian Regulators May “Unban” Cryptocurrency Trading Soon

The Reserve Bank of India’s (RBI) harsh stance towards the local digital currency space may not last forever. If the latest report coming from reliable sources at the finance ministry is anything to go by, authorities are on the verge of regulating blockchain-based virtual currencies as commodities, a move that would be very beneficial to cryptocurrency investors in the Asian…

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India Admits to not Conducting Due Research before Placing Cryptocurrency Ban

Category: Altcoins, Bitcoin, Business, Finance, News, Regulation

India Admits to not Conducting Due Research before Placing Cryptocurrency Ban

A reply by the Reserve Bank of India (RBI) to a New Delhi-based advocate’s Right To Information (RTI) application revealed the bank did not research before placing a blanket ban on dealing with digital currency businesses in the country. RBI’s Epistemic Crisis The Economic Times reported the development on June 13, 2018, after lawyer Varun Sethi, a self-styled blockchain lawyer,…

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Indian Supreme Court Upholds RBI’s Decision to Stop Servicing Crypto-related Businesses

Category: Altcoins, Bitcoin, Business, Finance, News

Indian Supreme Court Upholds RBI’s Decision to Stop Servicing Crypto-related Businesses

Indian authorities have joined forces together to stifle the growth of its local cryptospace. In the latest development, the Supreme Court has refused to grant an interim injunction against the Reserve Bank of India (RBI) directive prohibiting domestic financial institutions from rendering banking services to firms in the blockchain-based virtual currency world. No Room for Bitcoin According to a tweet…

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