#RBI

May 27, 2020
2 min

Delta Exchange To Expand Into Indian Market With New Funding From CoinFund

Crypto derivatives exchange Delta Exchange has announced funding from blockchain investor CoinFund, to provide strategic resources for both parties in their focus to expand in India. New York-based firm CoinFund looks forward to implementing its first venture investment in India following the recent lifting of the Reserve Bank of India’s ban on banks serving crypto-related firms. 📢 We're happy to announce that @CoinFund_io has backed us! CoinFund is an OG investment firm in

0 comments

RBI Confirms No Prohibition On Banking Services To Crypto Traders Or Companies

Crypto News Point

May 27, 2020
2 min

RBI Confirms No Prohibition On Banking Services To Crypto Traders Or Companies

India’s central bank RBI clarifies that there is no prohibition on banks from providing banking services to cryptocurrency companies or traders, in response to a right to information request. The request was initially filed by cofounder of Indian cryptocurrency exchange Unocoin, Harish BV. An RTI was filed by @bvharish Co-founder of Unocoin. Question: Does RBI prohibited any banks from providing the bank accounts to crypto exchanges or crypto traders ? Answer from RBI: As o

0 comments

Tim Draper Keen To Invest On India’s Crypto Industry

Crypto News Point

Mar 23, 2020
2 min

Tim Draper Keen To Invest On India’s Crypto Industry

Billionaire investor Tim Draper is keen to invest on India’s cryptocurrency industry. On March 22, the venture capitalist tweeted that the Supreme Court’s recent reversal of the Reserve Bank of India’s (RBI) ban on banks providing financial services to crypto companies will drive a “renaissance” for the country’s cryptocurrency sector. A renaissance for India. Now crypto is legal. #bitcoin #india https://t.co/6KuEel2tQK — Tim Draper (@TimDraper) March 21, 2020 In a March 21

0 comments

Some Of The Indian Banks Are Not Complying With Supreme Court’s Ruling

Crypto News Point

Mar 16, 2020
2 min

Some Of The Indian Banks Are Not Complying With Supreme Court’s Ruling

Earlier this month, India’s Supreme Court delivered its verdict in a landmark case that promised to usher in a bullish era for cryptocurrency in the country. The Court ruled to overturn a circular from the Reserve Bank of India (RBI) issued back in April 2018 which had banned banks’ services to all crypto-related firms. Not all banks, however, appear to be complying with the ruling. On March 12, fintech lawyer Mohammed Danish filed a representation with the central bank again

0 comments

Indian Crypto Bulls Roadshow Describes Itself As Not-For-Profit Initiative

Crypto News Point

Mar 9, 2020
2 min

Indian Crypto Bulls Roadshow Describes Itself As Not-For-Profit Initiative

The Indian Crypto Bulls Roadshow describes itself as a not-for-profit initiative that seeks to educate Indian citizens as to the emerging blockchain and cryptocurrency sectors. #Rakamoto #SundayThoughts #Blockchain #Crypto #Bitcoin #Digital #Money #Coins #Dollar #Bankshttps://t.co/awuMuJivUz — Blockchain News (@Rakamoto) March 8, 2020 It has been reported that the roadshow was originally scheduled to visit eight major Indian cities over 20 days — New Delhi, Jaipur, Ahmedabad

0 comments

RBI Asks Central Bank To Defreeze Koinex’s Bank Account Holding Little Over 12 Crore INR

Crypto News Point

Mar 5, 2020
1 min

RBI Asks Central Bank To Defreeze Koinex’s Bank Account Holding Little Over 12 Crore INR

The Reserve Bank of India (RBI) is directed to ask Central Bank to defreeze Koinex’s bank account, holding little over 12 crore INR. 1/ Congratulations to the whole community on Supreme Court of India lifting ban on cryptocurrencies in India. We are too excited with this positive development! Matic Network has always been focussed on adoption of blockchain-based use cases in Indiahttps://t.co/oslk4gNdxn pic.twitter.com/5EtM3nKp8P — Matic (@maticnetwork) March 4, 2020 It has

0 comments

India’s Supreme Court Strikes Down Ban On Banks’ Dealing With Crypto Firms

Crypto News Point

Mar 4, 2020
2 min

India’s Supreme Court Strikes Down Ban On Banks’ Dealing With Crypto Firms

India’s Supreme Court strikes down Reserve Bank of India’s (RBI) controversial ban on banks’ dealing with crypto-related firms. Back in April 2018, RBI, India’s central bank had imposed a ban on banks’ dealings with crypto businesses which came into effect in July of that year. The ban went into effect three months later and banks subsequently closed the accounts of crypto exchanges, forcing some of them to shut down, including Zebpay, Coindelta, and Koinex. Even with a banki

0 comments

Zebpay Returns To The Indian Market More Than A Year After RBI Crackdown

Crypto News Point

Feb 1, 2020
1 min

Zebpay Returns To The Indian Market More Than A Year After RBI Crackdown

Zebpay, the Singapore-based crypto exchange, reportedly returns to the Indian market more than a year after the Reserve Bank of India (RBI) crackdown led to the exchange’s closure in the country. Crypto Exchange Zebpay Reopens in India Despite Banking Ban https://t.co/QLYgmwgK7m pic.twitter.com/eOdse0xvwW — Utsav Jaiswal (@utsav_jaiswal1) February 1, 2020 On January 29, it has been reported by IBS intelligence that after discontinuing Indian services in late 2018, Zebpay wil

0 comments

Draft Of India’s National Strategy On Blockchain Suggests Country’s Own Central Bank Dig

Crypto News Point

Jan 29, 2020
2 min

Draft Of India’s National Strategy On Blockchain Suggests Country’s Own Central Bank Dig

A draft of India’s national strategy on blockchain and distributed ledger technology suggests for the country’s own central bank digital currency (CBDC) and a national blockchain. On Dec. 30 a draft document was published by The National Institute for Smart Governance (NISG), a non-profit public body incorporated by the government of India on the country’s national blockchain strategy. NISG proposes for a Central Bank Digital Rupee (CBDR), a digital currency issued on a natio

0 comments

Reserve Bank Of India Maintains Anti-Cryptocurrency Stance, Develops Sovereign Digital Currency

Crypto News Point

Dec 6, 2019
2 min

Reserve Bank Of India Maintains Anti-Cryptocurrency Stance, Develops Sovereign Digital Currency

The Reserve Bank of India maintained its hard-line stance on not allowing privately owned cryptocurrencies in India, but said that it would ‘seriously’ consider developing a sovereign digital currency when the time is ‘appropriate’. It has been reported that by killing the aspirations of several private companies experimenting with digital currencies such as Facebook and JP Morgan Chase, and other blockchain-enabled cryptocurrencies vying for Indian markets, Shaktikanta Das,

0 comments

The Supreme Court of India Postpones Crypto Case to November

Crypto News Point

Oct 16, 2019
2 min

The Supreme Court of India Postpones Crypto Case to November

The Supreme Court of India has set a new date to resume hearing the arguments against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case on October 15. On October 15 (Tuesday), the Supreme Court of India was scheduled to resume hearing the arguments against the banking restrictions by the RBI. According to the court order is

0 comments

RBI Restricts Withdrawals Due To Bank Raid

Crypto News Point

Oct 7, 2019
3 min

RBI Restricts Withdrawals Due To Bank Raid

There are multiple branches that have been raided and several arrests were made. However, the Reserve Bank of India (RBI) continues to impose a withdrawal limit, preventing bank customers from accessing their savings. The bank has 137 branches across India. Since the RBI placed regulatory restrictions on Mumbai-based Punjab and Maharashtra Cooperative Bank (PMC Bank) Ltd., more events have transpired. Major developments have led to an alleged Rs 4,355 crore (~$615 million) ba

0 comments

Follow Us On

mail@cryptonewspoint.com

Contact Us