The Indian Supreme Court on Thursday asked the Government to share its view on cryptocurrency within two weeks. The court is addressing the multitude of petitions filed by digital currency operators against the central bank’s anti-crypto circular. India is Two Weeks Away from Ending Policy Confusion over Crypto As Supreme Court Demands Clarification The Reserve
This article was originally posted on Cointelegraph – an independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen web. The president of a prominent Indian IT trade organization claimed that crypto was “illegal,” after two men installing a Bitcoin ATM were arrested in Bangalore To read more from
Advertisement The president of India’s influential IT industry body Nasscom has said that cryptocurrencies are illegal from the association’s perspective. In a week where Indian authorities have arrested the co-founders of a leading cryptocurrency exchange for operating a bitcoin ATM, National Association of Software and Services Companies (Nasscom) president Debjani Ghosh has opined it is
Advertisement Indian authorities have arrested the co-founder of Unocoin, an upstart Bitcoin exchange in India. According to Times of India, Harish BV, co-founder of Unocoin, was taken into custody for illegally operating the “first” Bitcoin ATM in the world’s second-largest nation, located in Bangalore. The BTM was located in the Kemp Fort Mall. Bitcoin ATM
Advertisement Indian cryptocurrency trading platform Unocoin has found itself amidst heated controversy over the launch of its first cryptocurrency kiosk in Bengaluru. While the existence of the machine had already been leaked prior, the company officially unveiled it roughly ten days ago, on October 14. This is the first time that a physical machine has
Exchanges Trading volumes on exchange-escrowed peer-to-peer (P2P) cryptocurrency trading platforms in India are rising rapidly amid the banking ban by the country’s central bank. “Indians are warming up to P2P in amazing ways,” the CEO of a local crypto exchange told news.Bitcoin.com. Several other exchanges competing in the same space are seeing similar responses from
One of India’s largest cryptocurrency exchanges, Zebpay, is moving its operations to the Mediterranean island nation of Malta in an effort to maintain its operations after shutting shop last month. The move comes amidst an unprecedented cryptocurrency ban instituted by the Indian government. The new Malta-based exchange, which will still be called Zebpay, will offer
Advertisement The harsh cryptocurrency regulatory climate in India has turned out to be a gift for the self-styled blockchain island of Malta as one of the cryptocurrency exchanges that recently shut down in the world’s second-most populous country has decided to move operations there. First reported by Quartz, Zebpay, one of the biggest exchanges in