Natives use original means to trade bitcoin amid rbi ban

2018-8-3 07:45

Regulation

Indian crypto traders have found some creative ways to trade cryptocurrencies, especially bitcoin, to circumvent the crypto banking ban imposed by the country’s central bank.
Japan Confirms Entrance Into the Crypto Space
Money Finds a Way
Following the crypto banking ban by the Reserve Bank of India (RBI) which went into effect last month, Indian traders are finding multiple ways to bypass the ban.
In Dabba trading, brokers do not execute trades on a “system connected with commodity or stock exchange,” the news outlet described.
Cash and P2P Markets
The use of physical cash for crypto trading has also surged since the RBI ban took effect, the news outlet noted.
What do you think of Indians using these methods to bypass RBI’s ban?

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0.0095806 (+7.58%)
Объем 24H $0
Изменеия 24h: 2.35 %, 7d: -7.78 %
Cегодня L: $0.0086651 - H: $0.0095806
Капитализация $183.154k Rank 1690
Цена в час новости $ 0.0090495 (5.87%)

crypto ban indian bank banking trade bitcoin

crypto ban → Результатов: 126


India set to lose $12.9 billion worth of market if they proceed to ban crypto

The rumors about the Indian government planning to put a blanket ban on cryptocurrencies finally turned out to be true. The official report along with the draft bill from the interministerial committee tasked at formulating the framework for crypto use was released on July 22, a day before the Supreme Court was scheduled to hear […] The post India set to lose $12.

2019-8-8 20:00


Facebook blanket ban on crypto ads a “poor approach” to new ideas

Off the back of news that Facebook is reversing its crypto ad ban, see below for commentary from some of the blockchain and crypto industry’s most renowned experts. Iqbal Gandham, UK Managing Director at eToro, global investment platform said: TheDigitalArtist / Pixabay “We have always advocated for a more sophisticated approach to cryptocurrency advertising, as […]

2018-6-28 09:21


Malaysian Crypto Company Belfrics Group Resumes Their Digital Currency Exchange in India

Belfrics Group, a Malaysia-based crypto exchange, will resume its operations in India after a six-month hiatus. The company shut down its digital currency exchange earlier this year before the Reserve Bank of India officially announced a ban on banking companies, payment companies, and NBFCs supporting with crypto entities.

2018-6-27 16:35