Foreign crypto exchanges in India face uncertain future
Despite years of campaigns and demand for clear regulations, the Indian government has not offered clarity.
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Despite years of campaigns and demand for clear regulations, the Indian government has not offered clarity.
Bitcoin ETF approval: Can Indian investors participate too? Here's how
Hurt by risk averse market sentiment and crippling fall in trading volumes, crypto exchanges in India have become leaner and expanded beyond cryptocurrencies to sustain their business. The jury is still out on whether these measures will help avoid or accelerate their demise
Share this article - India is on its way to lose a great potential opportunity Says CREBACO Global NEW DELHI, Feb. 19, 2021 /PRNewswire/ -- Recently, the Ministry of Finance as per Lok Sabha Bulletin Part II, The Cryptocurrency and Regulation of Official Digital currency Bill, 2021, has indicated that the Government of India is planning to introduce a ban on trading and investment in private cryptocurrencies and allow the Reserve Bank of India (RBI) to develop and run its own digital currency, referred to as Central Bank Digital Currency (CBDC). This has triggered many conversations within ...
MUMBAI: Indian banks have started pulling the plug on customers investing and trading in crypto assets as the spectre of government ban on cryptocurrency rises. The government recently said that it plans to introduce a law banning trade in all cryptocurrencies — except for those issued by the government itself. Top private and foreign lenders including HDFC Bank, HSBC, Citibank, ICICI Bank and Axis Bank have started questioning their customers on crypto related transactions. In email communication to customers which ET has seen, some banks have asked customers to clarify crypto related tran...