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RBI


The Reserve Bank of India made the argument on Wednesday at the Supreme Court that bitcoin cannot be recognized in the country. In a case that has been brought by a number of exchanges against the Indian central bank for blocking their access to banking services five months ago, the RBI argued via an affidavit …

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India’s central bank is researching how to introduce a rupee-backed central bank digital currency (CBDC) into its monetary policy in a bid to reduce its hefty annual bill for minting physical cash. The news was revealed in the Reserve Bank of India’s (RBI) annual report, published Wednesday, which indicated an inter-departmental unit has already been formed within the …

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As the Indian Supreme Court declined to end a circular issued by the country’s central bank that bars crypto exchanges from working with banks, trading platforms are taking varied actions ahead of the next court hearing set for July 20. Zebpay, the largest crypto exchange in India by trading volume, said in a Tweet on Wednesday …

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An Indian startup planning to launch a crypto exchange has filed a complaint against the Reserve Bank of India’s (RBI) decision to bar banks from engaging with crypto services. Kali Digital Ecosystems filed a writ petition with the High Court of Delhi on Tuesday against the RBI, the Ministry of Finance and the Goods and …

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Exchanges in India are discussing ways to fight back against a new edict from the country’s central bank, which ordered the institutions it regulates to stop working with companies that offer cryptocurrency services. Startups like Unocoin, Coinsecure and Zebpay have warned about potential disruptions to their services if their banking providers pull out of the …

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India’s central bank said Thursday that the banks and financial institutions it oversees will no longer be allowed to work with cryptocurrency exchanges and other related services. “It has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Investors in India are finding that they may be subject to paying tax after selling their bitcoin following the Reserve Bank of India’s (RBI) warning against trading in them. Earlier this month, the country’s central bank issued its second warning to the …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. For the second time this year, the Reserve Bank of India (RBI) has issued a public caution on cryptocurrencies and, specifically, bitcoin. With a public notice on December 5, India’s central bank has – once again – cautioned adopters (“users, holders and …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. An official for the Reserve Bank of India, the country’s central bank, has reaffirmed the authority’s stance in avoiding cryptocurrencies like bitcoin. A director at the Reserve Bank of India (RBI) has drawn a line on the central bank’s current stance on …

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