Latest News Of Reserve Bank of India Tag

RBI bans cryptocurrencies –time for the industry to take a stand

Press Releases 22 January 2019

RBI bans cryptocurrencies –time for the industry to take a stand

In the past 12 months, global Government attitudes to cryptocurrency have begun to diverge significantly. This was highlighted recently India's Central Bank informing all Indian banks that they are prohibited from providing services to cryptocurrency businesses.

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Authorities in India continue their love/hate relationship with crypto

Business 2 January 2019

Authorities in India continue their love/hate relationship with crypto

India seems to have a hard time making up its mind on whether or not digital currencies are good or bad.

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Government panel in favor of lifting India’s crypto ban

Business 27 December 2018

Government panel in favor of lifting India’s crypto ban

The Indian government committee studying cryptocurrencies is likely to push for their legalization in its report to the Finance ministry.

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India could ban everything crypto

Business 1 November 2018

India could ban everything crypto

It seems that cryptocurrency in India would have a slim chance of getting the green light following reports that the government is considering making it illegal to use cryptocurrencies completely.

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India shows cryptocurrency can’t be suppressed

Business 22 October 2018

India shows cryptocurrency can’t be suppressed

Despite the Reserve Bank of India's attempts to keep cryptocurrency from taking a hold in the country, the sector is still moving forward, demonstrating the power crypto has and how it cannot be eliminated.

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First crypto ATM appears in India despite central bank clampdown

Business 18 October 2018

First crypto ATM appears in India despite central bank clampdown

India had its first crypto ATM installed in Bengaluru's Kemp Fort Mall. The crypto teller machine was launched by cryptocurrency exchange, Unocoin, for the exclusive use of its customers.

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Reserve Bank of India refutes claims of crypto, blockchain probe

Business 2 October 2018

Reserve Bank of India refutes claims of crypto, blockchain probe

The Reserve Bank of India (RBI) has rejected the claims it has formed a crypto-focused unit.

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Zebpay trading shuts down amid regulatory pressure in India

Business 1 October 2018

Zebpay trading shuts down amid regulatory pressure in India

Zebpay has ceased all digital currency-related trading on its platform, effective Sept. 28. The exchange cited the “extremely difficult” conditions that crypto-related businesses had to operate in recently as the reason behind

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RBI wants India’s Supreme Court to butt out of its business

Business 24 September 2018

RBI wants India’s Supreme Court to butt out of its business

Cryptocurrency enthusiasts and entrepreneurs in India anxiously waited to see how the country’s Supreme Court would rule regarding the banking ban that was put into place by the Reserve Bank of India (RBI).

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India’s crypto firms declare return of fiat support despite RBI ban

Business 18 September 2018

India’s crypto firms declare return of fiat support despite RBI ban

After several months fighting with banking institutions in the country, more cryptocurrency exchanges in India are reporting that banks are now allowing them to set up accounts and deposit and withdrawal fiat.

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India’s central bank: Legal system can’t recognize cryptocurrency

Business 14 September 2018

India’s central bank: Legal system can’t recognize cryptocurrency

The Reserve Bank of India has told the Supreme Court that cryptocurrencies cannot be recognized due to the country’s existing legal framework.

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India’s central bank forms crypto, blockchain research division

Tech 28 August 2018

India’s central bank forms crypto, blockchain research division

While not wanting to make a huge deal out of it, India’s central bank, the Reserve Bank of India (RBI), has quietly been working behind the scenes on the possible expansion of the world’s future currency.

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