Indian banks are reluctant to work with crypto firms, even though RBI clears the air. The repeal of a blanket ban on cryptocurrencies in March by India’s central bank, the Reserve Bank of India, has been a boon to the thriving crypto industry in India — with the launch of new exchanges being a catalyst. […]
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Major cryptocurrency firm Ripple released a set of recommendations for Indian lawmakers to legalize cryptocurrencies. American fintech firm Ripple has proposed a policy framework for regulating crypto in India amid local crypto uncertainty. In an effort to persuade Indian authorities to support fintech regulation and the growing crypto industry, Ripple issued a policy paper addressed […]
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As dark clouds gather above India’s crypto sector, Binance has joined the country’s top internet association in a bid to shape the industry’s future. Leading cryptocurrency trading platform Binance has joined the Internet and Mobile Association of India’s (IAMAI) digital asset exchange committee. The association is the top trade body representing digital firms in India […]
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Tradehorn has become the latest startup to launch a cryptocurrency exchange in India after the Supreme Court repealed the Reserve Bank’s ban. The repeal of the Reserve Bank of India’s (RBI) crypto ban has driven a boom in exchanges launching in India, offering hope that the growth of a robust local industry will incentivize lawmakers […]
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Several factors make India the hallmark country for crypto adoption. Experts, however, agree that several challenges still stand in the way. Over the past few months, India’s cryptocurrency market has continued to be in a constant state of flux. From crypto bans imposed by the country’s central bank to a historic ruling by its Supreme […]
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ZebPay teams up with Chainalysis to monitor transactions in India as the firm re-expands services in its home country. Major Indian cryptocurrency exchange and wallet provider Zebpay has commissioned blockchain forensics firm Chainalysis to monitor transactions executed across its platforms in India. The move comprises an expansion in the partnership between Chainalysis and ZebPay, with […]
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Here are the legal resources available to Indian crypto users and businesses if a bank has declined services out of cryptophobia. In a recent response to a Right to Information query, the Reserve Bank of India, the Indian central bank, has stated that there is no prohibition on banks to provide bank accounts to cryptocurrency […]
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New funding from CoinFund will help Delta establish a further presence in the Indian market. Crypto derivatives exchange Delta Exchange has announced a new injection of funding from blockchain investor CoinFund, aiming to provide strategic resources for both parties in their focus to expand in India. According to the announcement, New York-based firm CoinFund looks […]
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RBI’s recent response to an information request shows that Indian banks are not prohibited from dealing with cryptocurrency business. India’s central bank, the Reserve Bank of India, seems to finally be clarifying its stance on financial services for cryptocurrency-related businesses. In response to a right to information request, the RBI clarified that there are no […]
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Raiffeisen Bank International is extending collaboration with Polish-British fintech Billon for a new form of DLT-based national currency tokenization. While global jurisdictions are progressing with central bank digital currencies, private institutions also work on digitizing national currencies. Raiffeisen Bank International (RBI), a major Austrian bank, is working on a new form of national currency tokenization […]
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