India: Banks Threaten to Close Customer Accounts if They Use Cryptocurrencies
January 13, 2019
A group of banks in India has begun to issue warnings to customers threatening to close their accounts in the event that they are found to have performed acts involving the use of cryptocurrencies.
According to a tweet published by…
Indian Trade Association 'NASSCOM' Clarifies Its Position on Cryptocurrency
October 27, 2018
NASSCOM released a statement on Thursday clarifying its stance on cryptocurrency. Recent media reports have quoted the trade association as calling cryptocurrency “illegal.” In response to these reports, NASSCOM has come out to say…
India's Apex Bank Forms New Unit to Handle Blockchain Regulations
August 27, 2018
The Reserve Bank of India (RBI) – the country’s apex bank, has set up a department tasked with monitoring developments in cryptocurrency, blockchain technology, and artificial intelligence. This move comes as commercial banks are…
Law Commission of India Recognizes Cryptocurrency as Means of Electronic Payment
July 26, 2018
The Law Commission of India has recognized cryptocurrency as a means of electronic payment. The pronouncement came during the Commission’s recent feasibility study of the legality of online gambling in the country. Cryptocurrency…
Indian Government Not Considering Total Cryptocurrency Prohibition
July 11, 2018
India is once again in the cryptocurrency news as recent reports indicate the government has no intention of banning virtual currencies. It has always been difficult to get a definitive stance from the government concerning the…
Zebpay Disables All Fiat Activity as Reserve Bank of India Ban Kicks In
July 4, 2018
Crypto enthusiasts and traders in India have all week long been bracing themselves for a crypto ban by the Reserve Bank of India that prevents banks from providing financial services to cryptocurrency exchanges in the country. This…
Ripple's xCurrent Makes an Entry Into India Through Kotak Mahindra Bank
June 28, 2018
The Ripple company and its products have continually helped banks realize the efficiencies of remittance services on the blockchain. The most recent bank to partner with Ripple, is the Kotak Mahindra Bank – which is a leading…
Ripple's (XRP) Execs Confident that Reserve Bank of India will Overturn Ban on Crypto
June 15, 2018
News reaching Ethereum World News, indicate that Ripple (XRP) Company Executives, are confident that the currently standing cryptocurrency ban by the Reserve Bank of India (RBI) will be overturned.
The Times of India reported that the…
