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Week Two of RBI Vs. Crypto at the Supreme Court of India

News The Supreme Court of India has this week listened to further hearings in the landmark case against the Reserve Bank of India’s ban on banks’ dealings with crypto-related businesses. On Jan. 22 and Jan. 23, proceedings continued with arguments presented by Ashim Sood, the legal counsel for the..

Securities Regulator of India Bets on Blockchain

News The Chairman of Security and Exchange Board of India(SEBI), Ajay Tyagi makes a bet on blockchain technology and urges exploration of the best possible usage of blockchain in securities markets. SEBI is the regulator of the Indian securities market. On Jan 23, speaking at a research conference..

No Bitcoin Isn’t Banned In India: Central Bank Clarifies

Over the past few years, India has begun attempts to crackdown on its shadow economy, which the government feared was leading to a loss in tax collection, which is seemingly a byproduct of the country’s large reliance on cash and a relatively large unbanked population. This culminated in an attempt..

India Central Bank Says It Hasn’t Banned Crypto

News The Reserve Bank of India (RBI) said regulated entities cannot offer crypto assets in the country, but that does not equate to an overall digital asset ban. In a Jan. 21 article, The Economic Times of India cited a document the RBI submitted to the country’s supreme court in September, which ..

Indian IT Minister Requests Blockchain Solutions to Improve Government Schools

News The Indian Telecoms and IT Minister, Ravi Shankar Prasad, has tasked the National Informatics Centre (NIC) with developing a blockchain-based solution for improving the quality of government schools. According to a Jan. 20 report by the Press Trust of India, the minister made the request at t..

Crypto Fights for Freedom in India’s Supreme Court, Critics Cite Risk

Follow up Following the session that took place last August, a three-judge panel from India’s Supreme Court reconvened once again this week to discuss the much-hyped Crypto v. RBI case. During the last hearing, the Supreme Court had asked the Reserve Bank of India (RBI) to clarify its position as ..

Three Days From Hearings Before India’s Supreme Court on Crypto Ban

Recap The Supreme Court of India has wrapped up the first three days in a hearing on a landmark case brought against the country’s central bank against its ban on banks’ dealings with cryptocurrency-related businesses. From Jan. 14 through 16, proceedings were focused on arguments presented by Ash..

Indian Supreme Court Delays Hearing on Crypto Ban, Expects Slew of Comments

News The Supreme Court of India has chosen to delay its full hearing of a high-profile case against the Reserve Bank of India’s (RBI) ban on banks’ dealings with crypto-related businesses. In an interview with Cointelegraph on Jan. 14, Kashif Raza — co-founder of the Indian crypto regulatory news ..

2019 to 2020: Insiders, Outsiders and Experimenters in Crypto Regulation: Part 2

New Year Special This is the second part of a three-part series that covers the regulatory landscape for digital currencies in 2019 and looks at the prospects of 2020. While the first chapter in the series looked at the "Insiders," this installment covers the prospects for the so-called “Outsiders..

India’s Payments Platform Varja Gets the Blockchain Ball Rolling

Follow up While the Indian government is uncertain about the use of cryptocurrency, the National Payment Corporation of India, or NPCI, officially announced its permissioned blockchain-based platform, Varja, to make the payment process easier, faster and more transparent. After detailed research,..

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