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Indian Supreme Court Rules in Favor of Cryptocurrency — RBI Ban Lifted
A historic day for the Indian crypto community, the supreme court has finally ruled on the case against the banking ban by the central bank, the Reserve Bank of India (RBI). The court held that the RBI circular which places a banking ban on the crypto industry is unconstitutional. дальше »
2020-3-4 08:49 | |
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Indian Supreme Court To Central Bank: You Have Two Weeks To Explain Bitcoin Ban
India’s top-most court has given the country’s central bank two weeks to justify its decision to ban crypto business in the country. #Crypto v. #RBI Hearing of Crypto case has resumed. Mr. Shyam Divan, Ld. дальше »
2019-8-22 21:42 | |
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India's Supreme Court Asks RBI To Justify Its Crypto Banking Ban
India Supreme Court Justice Rohinton Fali Nariman has ruled that the Reserve Bank of India has not responded appropriately to concerns from the country's crypto industry regarding the RBI's ban on banks providing services to crypto firms. дальше »
2019-8-21 19:11 | |
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RBI Ignored Exchanges’ Arguments on Bitcoin Ban: Court
The Reserve Bank of India (RBI) did not correctly respond to the presentation that could have removed the necessity of banning bitcoin trading in the country, found the apex court. The Supreme Court of India noted in a hearing today that the central bank forwarded the presentation to the government. дальше »
2019-8-21 17:00 | |
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Indian Supreme Court Orders RBI to Answer Crypto Exchanges, New Date Set
After hearing the arguments against the banking restriction by the Reserve Bank of India (RBI) in detail, the Indian supreme court directed the central bank to reply to the representations filed by crypto exchanges. дальше »
2019-8-21 15:15 | |
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India’s Supreme Court asks RBI to reconsider its stance on the banking ban; defers case for two weeks
The ‘IAMAI v. RBI’ case took an unexpected turn after the Supreme Court was met with several arguments from the petitioners’ end about the RBI’s jurisdiction, where the petitioner presented the court with the exchanges’ plea, asking a reconsideration of the ban. дальше »
2019-8-21 13:28 | |
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India: RBI’s counsel argues before the Supreme Court over the use of crypto for illicit activities
The Supreme Court of India was presented with arguments that questioned Reserve Bank of India’s [RBI] jurisdiction over contemplating a ban on crypto-activity on the basis of vagueness on August 20. дальше »
2019-8-21 11:33 | |
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Indian Apex Court Grills RBI over Bitcoin Trading Ban
The courtroom battle between India’s bitcoin exchanges and the central bank appears to go in favor of the former. In a hearing today, the Supreme Court judge asked the Reserve Bank of India (RBI) that why it chose to ban bitcoin trading when it could regulate it. дальше »
2019-8-20 18:00 | |
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RBI Defends Its Power Over Crypto in Indian Supreme Court
The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. дальше »
2019-8-20 15:02 | |
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India: Central Bank’s circular on cryptocurrencies void on the basis of vagueness, claims counsel before the SC
The Supreme Court of India today resumed the ‘Internet and Mobile Association of India vs RBI’ case hearing. Continuing from its last hearing on the 14th of August, IAMAI Counsel, Ashim Sood, today argued that the action of the Reserve Bank of India was against the “doctrine of proportionality,” besides being based on no study […] The post India: Central Bank’s circular on cryptocurrencies void on the basis of vagueness, claims counsel before the SC appeared first on AMBCrypto. дальше »
2019-8-20 10:44 | |
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Reserve Bank of India vs Cryptocurrency: Showdown for the Banking Ban
The Indian Supreme Court has held the initial hearing for the court case between the RBI and the Internet and Mobile Association of India (IAMAI), a not for profit body to enhance online services. The IAMAI appointed Mr. дальше »
2019-8-14 19:00 | |
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RBI’s Power Over Crypto Challenged at Length in Indian Supreme Court Today
The Indian supreme court resumed hearing the writ petitions against the banking restriction by the central bank, the Reserve Bank of India (RBI), on Wednesday. Many issues were discussed, ranging from the legality of the RBI action to the classification of crypto assets and how each country regulates them. дальше »
2019-8-14 12:25 | |
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RBI’s Power Over Crypto Challenged at Length in Indian Supreme Court
The Indian supreme court resumed hearing the writ petitions against the banking restriction by the central bank, the Reserve Bank of India (RBI), on Wednesday. Many issues were discussed, ranging from the legality of the RBI action to the classification of crypto assets and how each country regulates them. дальше »
2019-8-15 12:25 | |
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India’s SC talks DLT, crypto while counsel addresses RBI’s lack of jurisdiction in banning cryptocurrencies
The ‘Internet and Mobile Association of India vs RBI’ case hearing resumed on August 14 where the Supreme Court faced some strong arguments from the IAMAI counsel, Ashim Sood over Reserve Bank of India [RBI] overstepping its jurisdiction, as reported by Crypto Kanoon. дальше »
2019-8-14 10:42 | |
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Indian Govt to Pitch Bitcoin Ban Bill in January
The Indian government is planning to introduce its controversial bitcoin ban bill in December-January parliamentary session, according to local crypto news provider Crypto Kanoon. The decision surfaced during an ongoing court hearing between the Reserve Bank of India (RBI) and regional cryptocurrency exchanges. дальше »
2019-8-8 15:00 | |
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India: Supreme Court adjourns case related to crypto ban till January 2020; RBI banking ban hearing underway
Supreme Court of India heard the ‘Crypto vs. RBI’ case on August 8 where the government’s counsel is speculated to have produced the IMC drafted bill on cryptocurrency and asked the case to be adjourned till January 2020. дальше »
2019-8-8 11:46 | |
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Indian Supreme Court Sets New Date to Hear Crypto Case
The Indian supreme court has set a new date to hear the crypto case that was originally scheduled to be heard on July 23. The court is expected to address the writ petitions against the RBI banking restriction as well as the government’s report and the recently released draft crypto bill. дальше »
2019-7-24 14:45 | |
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India: Another exchange bites the dust as Koinex announces shutdown of all operations
India has been surrounded by a smog of uncertainty, with the status of digital assets being hotly debated in the country. While the government and the Supreme Court’s decision in the ‘Crypto vs. дальше »
2019-6-27 09:44 | |
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India: Why Facebook’s pet crypto-project trumps over other competitors
In disappointing news for Indian crypto-enthusiasts, the Indian Supreme Court adjourned the ‘Crypto Vs RBI’ case hearing on March 29, failing to bring regulatory clarity on cryptocurrencies in the country. дальше »
2019-5-10 16:30 | |
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India: Why Facebook’s pet crypto-project could trump other competitors
In disappointing news for Indian crypto-enthusiasts, the Indian Supreme Court adjourned the ‘Crypto Vs RBI’ case hearing on March 29, failing to bring regulatory clarity on cryptocurrencies in the country. дальше »
2019-5-10 16:30 | |
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Indian cryptocurrency exchange Coinome to shut down operations on May 15
The Indian Supreme Court adjourned the last hearing of the ‘Crypto Vs. RBI’ case, postponing it to July 2019. While many crypto-enthusiasts were left disappointed, some Indian crypto-exchanges shut shop. дальше »
2019-5-9 16:30 | |
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RBI Excludes Cryptocurrency From Indian Regulatory Sandbox
India’s central bank, the Reserve Bank of India (RBI), has unveiled its framework for a fintech regulatory sandbox. While blockchain and smart contracts are welcomed, the bank stated that cryptocurrency and related services “may not be accepted for testing. дальше »
2019-4-19 09:31 | |
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Coindelta abandons its users by levying high withdrawal fees; users express their displeasure and retaliate
The Indian crypto community received some shocking news on 30 March when Coindelta, an Indian cryptocurrency exchange, shut down its services abruptly. This news came after the Supreme Court of India adjourned the ‘Crypto v. дальше »
2019-4-8 09:30 | |
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India’s Supreme Court Delays Crypto vs Central Bank Fight to July
By CCN. com: The courtroom battle between the Indian cryptocurrency exchanges and the Reserve Bank of India (RBI) has reached its ninth month but remains far from conclusion. On March 29, the Supreme Court of India moved the hearing to a new date in July. дальше »
2019-4-4 11:21 | |
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India: Supreme Court adjourns ‘Crypto Vs RBI’ case within minutes; next date could be in July
The Indian Supreme Court was supposed to be presented with a decision on the regulations on cryptocurrencies by the Union government on 29 March. However, the court adjourned the matter on the request of the Government’s Counsel. дальше »
2019-3-29 11:00 | |
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Why India’s Bitcoin ‘Ban’ Could Disappear after March 29 Hearing
Since July 2018, due to a circular released by the Reserve Bank of India (RBI) in April, local banks were prohibited from dealing with bitcoin and cryptocurrency exchanges by the central bank. Last month, the Supreme Court of India provided the government four weeks to draft a cryptocurrency regulatory framework, which would decide the legal landscape of the cryptocurrency market in India for the foreseeable future. дальше »
2019-3-26 08:30 | |
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India’s Potential Crypto Regulatory Framework to Be Presented at the Supreme Court Shortly
India’s perspective on cryptocurrencies has been quite cold, especially on the central bank, the Reserve Bank of India’s (RBI) end. Bitcoin Exchange Guide (BEG) reported on multiple instances how they have been consistently shutting down the idea, to which native traders were getting frustrated. дальше »
2019-3-24 20:40 | |
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Indian Official Tries to Condemn Bitcoin by Calling it a Shiny Toy But Ends Up Praising It Instead
An advocate practicing in the Supreme Court of India wants the government and regulators to treat bitcoin like a shiny new toy. Abraham C Mathews said in an opinion column published Monday that the Reserve Bank of India (RBI) had no structure in place to enforce crypto regulations – even if it wanted to. дальше »
2019-3-4 15:13 | |
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India’s Supreme Court Sets 4-Week Deadline for Government to Regulate Cryptocurrency
Time is running out for the Indian government and the Reserve Bank of India to ignore/wholesale ban cryptocurrency, according to a local publication called Inc42. Last April, as CCN reported, the RBI banned all financial institutions from working with cryptos. дальше »
2019-2-26 11:59 | |
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Indian Supreme Court Gives Government Deadline to Reach Decision on Crypto Regulations
The Supreme Court of India made a decision on February 25, 2019, to present the government with an ultimatum: Develop crypto regulations within the next four weeks or the court will make its own judgement. дальше »
2019-2-26 22:02 | |
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Will RBI’s Crypto Ban Stand? Supreme Court of India Orders for Clear Crypto Regulations
Bitcoin prices may be down but there is some wonderful development in India. Like China, cryptocurrency trading is illegal in the country thanks in part to the heavy handedness of the Reserve Bank of India. дальше »
2019-2-25 14:58 | |
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Petitions to End RBI Crypto Banking Ban Advancing in India
A lawyer representing the Internet and Mobile Association of India in its writ petition against the RBI banking ban has shared new details of the progress to lift the ban with news. Bitcoin. com. The supreme court recognizes the urgency of hearing the RBI case without waiting for the Indian government to introduce crypto regulation. дальше »
2019-1-29 15:01 | |
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Indian Supreme Court Pushes Crypto Case Against RBI to End of February
The case against the crypto banking ban by the Reserve Bank of India (RBI) was unexpectedly heard at the country’s supreme court on Thursday. However, senior advocates for the parties were reportedly absent, so a new date has been set and the crypto case will be “top of the list” on that date. дальше »
2019-1-17 14:53 | |
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Indian Central Bank’s Report Shows Cryptocurrencies Are Not Currently a Threat
The Reserve Bank of India (RBI) has published a report indicating that cryptocurrencies are not a threat currently. However, the central bank says, with rapid growth and adoption of cryptocurrencies, this assessment could change, adding that constant monitoring of cryptocurrencies is needed. дальше »
2019-1-4 14:15 | |
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Reserve Bank of India’s (RBI) Cryptocurrency Ban to Get More Clarity in November
India Supreme Court Asks Government For Opinion on Cryptos Within 2 Weeks Recently, the Supreme Court of India has decided to ask the local government for an opinion on the cryptocurrencies and their market amid the fallout that was caused when banks were blocked from providing services to crypto exchanges. Yesterday, October 25, the Supreme […] дальше »
2018-10-27 21:45 | |
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50 Indian Traders Share Thoughts on Investing, RBI Ban, Future of Cryptocurrency in India
Fifty traders who use Indian crypto exchange Instashift have shared their thoughts on the current crypto environment in India. Most of them said that they “hodl” and would continue to invest in crypto despite regulatory uncertainty. дальше »
2018-10-16 16:50 | |
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Korean Government Expected to Announce ICO Stance in November, Official Says
The South Korean government is expected to announce its position on initial coin offerings in November, according to a high-ranking official. The decision will follow the outcome of the survey which the country’s Financial Supervisory Service recently sent out to domestic blockchain companies. дальше »
2018-10-15 03:35 | |
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Supreme Court Of India Set To Finalise Bitcoin Verdict
We are edging ever closer to a final decision being made on the status of cryptocurrencies within India. As it stands, the Reserve Bank of India (RBI) have essentially banned cryptocurrency. As a result of this, the community have led a charge for the decision to be overturned, which in turn has led to a case being brought into the Supreme Court of India. дальше »
2018-9-25 16:30 | |
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RBI Argues Supreme Court Should Not Interfere With Its Crypto Decision
The Reserve Bank of India has filed an affidavit with the country’s supreme court in response to one of the petitions against its crypto banking ban. The central bank reportedly argues that it has acted within its power and that none of the petitioners have shown reasonable grounds for the supreme court to intervene. дальше »
2018-9-24 02:25 | |
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RBI Ban Hearing Delayed – Indian Supreme Court Too Busy for Crypto This Week
All petitions against the crypto banking ban by the Reserve Bank of India (RBI) are supposed to have been heard by the country’s supreme court on September 11. However, the court has been busy every day this week and has postponed the RBI ban hearing. дальше »
2018-9-15 00:10 | |
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India Update: RBI Claims Court Can’t Recognize Crypto as Currency Due to Existing Laws
The Reserve Bank of India has continued is tirade against the legalization of cryptocurrencies by filing an affidavit to the country’s supreme court. The Supreme Court will be holding a hearing on the case of legalizing cryptocurrency on September 17th, at which time the affidavit will be reviewed. дальше »
2018-9-14 22:00 | |
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India Cryptocurrency Winter Survivors: We Were Not Sleeping, But Hibernating
The RBI Circular was intended to put a pause button on cryptocurrency activity in India, but as the mandate that restrained banks to be involved in this space goes through debate, protests, and court pit-stops, beneath the surface a lot has transpired. дальше »
2018-9-11 05:15 | |
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RBI Ban Hearing in Two Days – What Indian Crypto Exchanges Are Expecting
The Indian supreme court will hear all petitions against the crypto banking ban by the Reserve Bank of India on Tuesday. News.Bitcoin.com talked to the CEOs of several Indian exchanges to find out what they are expecting from the hearing, trader sentiment, their exchanges’ current trading volumes, and how they see the court’s ruling affecting […] The post RBI Ban Hearing in Two Days – What Indian Crypto Exchanges Are Expecting appeared first on Bitcoin News. дальше »
2018-9-9 19:55 | |
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RBI Ban Hearing in 2 Days – What Indian Crypto Exchanges Are Expecting
The Indian supreme court will hear all petitions against the crypto banking ban by the Reserve Bank of India on Tuesday. News.Bitcoin.com talked to the CEOs of several Indian exchanges to find out what they are expecting from the hearing, trader sentiment, their exchanges’ current trading volumes, and how they see the court’s ruling affecting […] The post RBI Ban Hearing in 2 Days – What Indian Crypto Exchanges Are Expecting appeared first on Bitcoin News. дальше »
2018-9-10 19:55 | |
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They Might Be Anti Crypto, But The Blockchain Is Still Sought After In India
India is a nation now known for its anti-cryptocurrency stance, yet they are still fostering a very positive attitude towards blockchain technology. I must note that in India, the people are very much pro crypto, but the Indian central bank, The Reserve Bank of India are very much against crypto, making moves to essentially ban cryptocurrency in the country. дальше »
2018-8-28 16:00 | |
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India’s Apex Bank Forms New Unit to Handle Blockchain Regulations
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 still prohibited from facilitating cryptocurrency transactions and the Supreme court decision on the matter expected later in September 2018. дальше »
2018-8-27 19:29 | |
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Law Commission of India Recommends Use of Cryptos in Settling Gambling Transactions
Uncertainty continues to grip India’s crypto industry ever since the Rural Bank of India (RBI) imposed a ban on banks and other financial institutions, prohibiting them from dealing with cryptocurrencies. дальше »
2018-7-26 20:24 | |
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Authorities In India Admit They Recognise Bitcoin As A Legitimate Currency
As we should all know by now, cryptocurrency in India is taking a bit of a hit. With the Reserve Bank of India (RBI) ruling against it and the supreme court looking likely to do the same thing, by the end of September cryptocurrency could seriously hit a dead-end in the country. дальше »
2018-7-26 16:30 | |
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Unocoin suspends withdrawal as per RBI orders, movement of Crypto regulations in India
While the Supreme Court’s final ruling on the crypto exchanges regarding fiat handling is yet to come out, Unocoin suspends withdrawal and deposits of fiat on its exchange. Unocoin exchange had received immense popularity for Crypto-rupee and crypto-crypto trades where it dealt in Bitcoin and Ethereum. The Reserve Bank of India on 5th April 2018 […] дальше »
2018-7-24 19:49 | |
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Cryptocurrencies in India are at par with electronic means of payment, states the Law Commission of India
The Reserve Bank of India [RBI] has appealed for a ban on cryptographic forms of money, as to preclude the banks for conversion of digital currencies into Indian Rupee [INR]. On 3rd July, the Supreme Court of India [SC] held the hearing of Internet and Mobile Association of India, IAMAI vs RBI. According to the reports, […] дальше »
2018-7-24 00:15 | |
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