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Reserve Bank of India


The Reserve Bank of India (RBI) has responded to a query about why it moved to block banks from dealing with cryptocurrency businesses earlier this year – but the reply isn’t very telling. Shri Varun Sethi, who presents himself as a “blockchain lawyer,” requested clarifications from RBI under the country’s Right to Information Act. According …

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The High Court of Delhi has issued a notice to India’s central bank over its order barring banks from engaging with cryptocurrency services, following a petition from a bitcoin exchange operator. The company, Kali Digital Ecosystems, had planned to launch an exchange platform called CoinRecoil in August of this year. The firm filed the petition last week, seeking “an appropriate writ, …

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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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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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Are Bitcoin and trading cryptocurrencies legal in India? The government has not come up with a definite answer but with multiple contradicting statements over the years. When it comes to the regulation of Bitcoin and other cryptocurrencies in India, there are three most relevant authorities where the word can come from— the Government of India, …

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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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The Reserve Bank of India (RBI) has issued a new warning on cryptocurrencies, the second time this year the central bank has done so. In a short statement published on Dec. 5, the central bank expressed caution to “users, holders and traders” of cryptocurrencies, naming bitcoin in particular. It echoes remarks issued in February, a …

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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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