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Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing
23.7.2019
The Indian government has officially released the report by the interministerial committee tasked with proposing crypto measures. The announcement came one day before the country’s supreme court was scheduled to hear the writ petitions against the crypto banking restriction. The report...
Crypto Not Prohibited In India, Confirms Minister Anurag Thakur
19.7.2019
It’s a moment of rejoicing for the crypto community in India, as after months of speculations and negative predictions, the government has finally confirmed that digital currencies are not prohibited in India. The Minister of State for Finance and Corporate Affairs, Anurag Singh Thakur replied...
Indian Government Breaks Silence on Crypto Regulation
19.7.2019
The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the report with the recommended crypto regulation...
India to Educate High-Ranking Police Officers on Cryptocurrency
8.7.2019
India’s national police academy has launched a cryptocurrency course for high-ranking officers of the Indian Police Service. Among the objectives of the course are the functioning and legal aspects of cryptocurrencies, as well as investigations of cases involving digital coins. The Indian...
Indian Government Shed Light on Proposed Crypto Regulation
21.6.2019
Since leaked information regarding India’s cryptocurrency bill emerged, there have been constant discussions about what it entails. Four different government bodies have been asked about their involvement in the drafting of the bill. South Korea went through a similar situation, causing...
Libra Could Be Unbalanced by Indian Crypto Laws
20.6.2019
Facebook reportedly has not filed an application with the RBI, which seeks to ban cryptocurrencies
Facebook Has Not Applied for RBI Approval to Operate Libra in India: Report
20.6.2019
Facebook has reportedly not applied for approval in India for operating its upcoming cryptocurrency Libra project
Indian Crypto Community Petitions Government for Regulation
16.6.2019
Following widespread reports of the upcoming Indian cryptocurrency bill, the crypto community has started a petition for the government to quickly implement a regulatory framework for cryptocurrencies. In addition, a television network operated by the Upper House of the Indian Parliament has aired...
Indian Crypto Dreams Crash Down As Government Proposes 10 Year Jail Term For Crypto Trading
8.6.2019
All the crypto dreams in India came down crashing, and a new bill has been introduced in India, proposing a complete ban on crypto trading and criminalizing it. The Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019, proposes a 10-year prison term for anyone engaged...
RBI Denies Any Knowledge Of Cryptocurrency Draft Bill
6.6.2019
In a reply given to Blockchain lawyer’s founder, Varun Sethi under the Right to Information (RTI) Act, India’s Central Bank, Reserve Bank of India (RBI) has said that it has no information regarding the cryptocurrency bill being on the anvil. The central bank also said that it doesn’t support...
India’s Central Bank Denies Knowledge of Bill to Ban Cryptocurrencies
6.6.2019
India’s crypto regulation is reportedly ready and there has been much speculation about what it contains. An Indian lawyer has gotten some answers from the Reserve Bank of India about a bill allegedly seeking to ban cryptocurrencies. Surprisingly, the central bank claims that it does not have...
Supreme Court Advocate Suggests How to Regulate Cryptocurrency in India
24.5.2019
An Indian supreme court advocate has shared some thoughts on the kind of cryptocurrency regulation India can benefit from. The right regulatory framework “would ensure transparency, oversight and accountability,” but a “one size fits all” regulation would be a mistake,...
Indian Crypto Traders Undeterred by Ban Rumor
12.5.2019
The Indian crypto community is undeterred by the widespread rumor that its government is discussing a bill which could ban some cryptocurrencies. Local crypto exchanges have revealed to news.Bitcoin.com that their trading volumes have been increasing despite this report. Meanwhile, experts have...