Powerful Indian Tech Lobby Blasts Government’s Proposed Cryptocurrency Ban

2019-7-30 16:07

India’s trade association for the information technology sector has criticized a proposal by a government committee to ban cryptocurrencies, Business Standard reports. According to the National Association of Software and Services Companies (Nasscom), regulations for the cryptocurrency sector are preferable to a ban.

This is because, in Nasscom’s view, a ban will only hurt the […]

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Bitcoin Sadist Roubini Cheers India’s Planned Cryptocurrency Ban

Economist and Bitcoin critic Nouriel ‘Dr. Doom’ Roubini has hailed a proposed ban on cryptocurrencies in India calling it ‘good news’. According to the New York University economics professor, an actual ban on crypto in the world’s second-most populous nation will save ‘retail suckers’ in the country from investing in ‘shitcoins’.

2019-7-24 14:59


Ôîòî:

India: Government Committee Recommends Cryptocurrency Ban

Despite an earlier statement from India’s Minister of State for Finance that the government wasn’t planning on banning cryptocurrencies, the Inter-Ministerial Committee (IMC) is proposing otherwise. According to the IMC report on July 22, 2019, the committee recommended a blanket ban on cryptocurrency and also penalties for conducting virtual currency activities in the country.

2019-7-23 20:33


Newsflash: Indian Regulators Officially Propose Total Cryptocurrency Ban

An Indian inter-ministerial committee on cryptocurrency and blockchain technology has finalized a report recommending both the establishment of a digital Rupee and a ban of cryptocurrencies. Ban Crypto, Establish E-Rupee The roughly 200-page report spends thousands of words breaking down and praising the potential uses of blockchain technology, specifically in areas like land management.

2019-7-22 18:38


Congressman Brad Sherman calls for a complete ban on cryptocurrency, says Bitcoin only facilitates “nefarious transactions”

Congressman Brad Sherman, a vocal critic of the crypto industry, again called for a complete ban on cryptocurrencies. Sherman said Bitcoin had no real use other than to fund illicit activities and warned about the risks cryptocurrencies pose to the political and financial stability in the U.

2019-7-20 21:44


Tim Draper: Indian Government Is Pathetic And Corrupt Over Crypto Ban Proposal

Following a leaked bill from the India government proposed a blanket ban on cryptocurrency, Tim Draper, a Bitcoin worshipper and investor in Tezos has come out to condemn the move. Now in a strongly worded message, the outspoken investor who recently advocated Bitcoin to the government of Argentina referred to India’s proposed bill as being […]

2019-7-18 00:12


Indian Crypto Draft Bill Leaks as Proposals of Complete Ban Saddens Crypto Community

The much anticipated and prolonged draft bill for cryptocurrency in India got leaked in full. The bill proposes a complete blanket ban on the use of cryptocurrency in any form. This has really saddened the crypto community back in India who were expecting and hoping for a progressive call from the central government, especially after […]

2019-7-16 19:15


Ôîòî:

India May Ban Bitcoin And Cryptocurrencies Except ‘Digital Rupee’

India is preparing to do the impossible by banning cryptocurrencies such as Bitcoin in any form, a newly leaked document revealed this week. Alleged Draft Law ‘Prohibits’ Bitcoin & Crypto Uploaded to sharing site Scribd by local blockchain and tech lawyer, Varun Sethi, the document allegedly shows the preliminary text of a new law designed to “prohibit the use of cryptocurrency.

2019-7-16 19:00


US Committee Plans to Ban Facebook Cryptocurrency Libra

The House Financial Services Committee in the United States is set to discuss the future of Facebook’s upcoming cryptocurrency, Libra, on Tuesday. The head of the committee, Democratic Congresswoman Maxine Waters, last week proposed legislation which details rules that would ban Facebook and other technology firms from developing and launching financial services.

2019-7-16 15:00


Leaked: India’s Bitcoin Ban Bill Aims to Outlaw All Cryptocurrencies

Rumours of a proposed bill in India that bans cryptocurrency may have been confirmed after Indian blockchain lawyer Varun Sethi posted an alleged first draft of the proposed bill. The “Banning of Cryptocurrency and Regulation of Official Digital Currencies” bill, which proposes to ban or heavily restrict all cryptocurrency-related activity in India, was leaked this […] The post Leaked: India’s Bitcoin Ban Bill Aims to Outlaw All Cryptocurrencies appeared first on CCN Markets

2019-7-16 10:53


Popular Aussie commentator calls for ban on Bitcoin and its imitators citing an episode of ‘Billions’

Following a correction wave and some pullback, the world’s largest cryptocurrency is surging again. This has caused many to turn bullish about the coin again. However, award-winning Australian journalist and the owner of financial services company Switzer Financial Group, Peter Switzer, thinks otherwise, after he called for a ban on Bitcoin and other cryptocurrencies.

2019-7-10 23:30


A Ban On Bitcoin Might Be Harder Than It Seems Due to a Simple Freedom of Speech Issue

Earlier today the US Congress asked Facebook to stop the development of their cryptocurrency Libra. Even though the move is unfair, the same thing might not be possible for Bitcoins. Members of Congress just sent this letter to Facebook asking them to officially stop development of Libra. Wait till Congress finds out they can’t send […]

2019-7-3 20:00


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In an Open Letter to Prime Minister Modi, CoinRecoil’s Founder Doesn’t Hold Back

CoinRecoil, a defunct Indian cryptocurrency exchange, had earlier filed a writ petition against the RBI circular to ban crypto firms from using traditional banking services. Kunal Barchha, the co-founder of the exchange, wrote an open letter to Prime Minister Narendra Modi, detailing all of his concerns and frustration, as reported by INC42, June 30, 2019.

2019-7-2 19:00