Tag: rbi

  • rbi
    Industry

    Indian Crypto Traders Seeking Alternatives Following RBI Crackdown

    Bitcoin case study: Aniket Patel is an Indian teenager and cryptocurrency investor who is still working on his school exams. Despite this, Patel spends more time checking the Reserve Bank of India’s (RBI) website than scouting for exam results. This is because Patel considers himself a long term...

    Thomas Delahunty | April 16, 2018 | 3:00 am
  • india
    Industry

    Indian Pressure on Cryptocurrency Market Backfires

    The Reserve Bank of India (RBI) has explicitly prohibited regulated entities from doing business with any companies dealing in virtual currencies. Last week’s decision raised concerns regarding a full ban on cryptocurrencies, which is not true. The jolted market fears Bitcoin and altcoins will face a drop in...

    Ricardo Esteves | April 9, 2018 | 8:15 pm
  • India Buy Bitcoin
    Bitcoin

    India: Tax Officials “Survey” Nine Crypto Exchanges

    Just a month after the Indian Supreme Court issued a warning to the financial interests of the nation, “surveys” have begun on nine of the country’s cryptocurrency exchanges. An undisclosed source explained to local news outlet DNA: “We are collecting the name of investors and their transaction details. The survey...

    Rick D. | December 13, 2017 | 10:51 pm
  • bitcoin ponzi bitclub. newsbtc

    Indian Politician Thinks Bitcoin Is a Ponzi Scheme

    A recent statement made by one of the Indian politicians shows the lack of awareness about the digital currency among many. The politician in question is Kirit Somaiya, a Member of Parliament from the ruling party. He was reported calling Bitcoin a “hypothetical currency” and a “Ponzi scheme”....

    Gautham | March 25, 2017 | 8:30 pm
  • NewsBTC_Global Banking Network DAO
    Uncategorized

    MonetaGo Aims for Blockchain without Bitcoin for Banking Sector

    Bitcoin and Blockchain are synonymous to each other, for blockchain is the popular cryptocurrency’s underlying technology. After Bitcoin, many alternative cryptocurrencies have come up, which still uses a distributed ledger either similar to or derived from Bitcoin blockchain. However, the US-based blockchain company MonetaGo intends to change that...

    Gautham | March 19, 2017 | 7:30 pm
  • India Bitcoin Adoption

    Bitcoin Can’t Kill the Indian Rupee, Says RBI Dy Guv

    The strengthening Bitcoin community in the Indian market has elicited a response from the country’s central bank — the Reserve Bank of India. The Reserve Bank which was started exploring the cryptocurrency technology has responded like any other bank when it comes to Bitcoin usage. The deputy governor...

    Gautham | March 2, 2017 | 1:31 pm
  • Uncategorized

    India Gets Its Own Blockchain and Virtual Currency Association

    India now has its own blockchain association with leading Bitcoin companies as its members. The Blockchain and Virtual Currency Association of India recently had its first meeting in Mumbai last week. The Indian cryptocurrency industry is not having it easy. As the cryptocurrency’s adoption across the world increases,...

    Gautham | February 7, 2017 | 9:30 pm
  • Blockchain will Transform the Finance Sector. Indian Central Bank. newsbtc bitcoin news

    Indian Central Bank: Blockchain will Transform the Finance Sector

    The Reserve Bank of India, one of the few central banks worldwide that has been skeptical towards the Bitcoin blockchain technology has recently shown interest in the distributed ledger technology and peer to peer financial systems, due to their strengths in settling transactions and clearing assets securely, with...

    Joseph Young | December 31, 2015 | 7:10 am

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