Tag: Reserve Bank of India

  • reserve bank of india

    India’s Cryptocurrency Banking Ban May Be a Bust

    After much waiting and speculation on the July 5 deadline, India may forgo banning investment in cryptocurrency after all. Indian Ban May Be a Bust The three-month time span from the Reserve Bank of India’s initial announcement that all RBI regulated entities must cease any crypto related activities, including...

    John McMahon | July 11, 2018 | 12:00 pm
  • india

    India’s Crypto Crackdown Presents Opportunity for Peer-to-Peer Exchanges

    The Reserve Bank of India’s recent ban on financial institutions transacting with companies using or offering cryptocurrency services will certainly have consequences for the nation. However, thanks to peer-to-peer exchanges like Paxful, one of these is unlikely to be cryptocurrency usage and adoption in general. Paxful Offers Users...

    Rick D. | April 17, 2018 | 12:42 am
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    India: Tax Officials “Survey” Nine Crypto Exchanges

    Just a month after the Indian Supreme Court issued a warning to the financial interests of the nation, “surveys” have begun on nine of the country’s cryptocurrency exchanges. An undisclosed source explained to local news outlet DNA: “We are collecting the name of investors and their transaction details. The survey...

    Rick D. | December 13, 2017 | 10:51 pm
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    The RBI Calls for a Cashless Society, Issues Warning against BTC

    The traditional banking and financial sector is filled with hypocrites. On one hand, these institutions want to implement the distributed ledger technology introduced by Bitcoin, whereas on the other they don’t want to accept Bitcoin for what it is. The Reserve Bank of India has just proven it...

    Gautham | February 5, 2017 | 7:30 am
  • Coinsecure Has Big Plans For Bitcoin In India And Hires Elizabeth Ploshay McCauley. club-bit

    Reserve Bank of India Successfully Tests Blockchain Technology

    The Indian central bank recently tested Bitcoin’s underlying blockchain technology. The Reserve Bank of India’s research arm is said to be involved in its first ever end-to-end test of the technology along with other stakeholders of the country’s financial system. Institute for Development and Research in Banking Technology...

    Gautham | January 16, 2017 | 5:45 pm
  • Coinsecure Has Big Plans For Bitcoin In India And Hires Elizabeth Ploshay McCauley. club-bit

    india Withdraws INR 500, 1000 Banknotes, Fails Explore CrypOption

    In response to growing terrorist fundings, cash counterfieting and money laundering issues, India’s Prime Minister Narendra Modi yesterday announced that his government will be invalidating 500-, and 1,000-Rupee notes. The decision attracted praises, as well as criticism from the Indian masses. The lower and middle income class complained about...

    Gautham | November 9, 2016 | 2:30 pm
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    Intelligence Agencies Voice Concerns about Illegal Bitcoin Usage

    Bitcoin in India has been at the receiving end of a mixed response. The country’s central bank — Reserve Bank of India has grown to like the digital currency, whereas the intelligence agencies in the country are becoming more and more concerned about its potential illegal uses. The...

    Gautham | October 20, 2016 | 2:00 pm
  • reserve bank of india

    The Reserve Bank of India Announces Blockchain Committee

    India is one of the largest cash dependent nations in the world. A majority of people in the world’s largest democracy have the tendency to use cash for most of the transactions. This has created a challenge for the Indian central bank —The Reserve Bank of India to...

    Gautham | June 25, 2016 | 7:00 pm

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