India

Indian Prime Minister Modi Awards Young Entrepreneur for Cryptocurrency App

</header> <strong>India’s Prime Minister Narendra Modi has awarded a young entrepreneur for her cryptocurrency price tracking application while the government is still deliberating on the country’s crypto policies. News.Bitcoin.com caught up with the award recipient to find out more about her app. Meanwhile, the Reserve Bank of India (RBI) is being challenged in the supreme …

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India is now a larger smartphone market than the US

Sponsored Links Avishek Das/SOPA Images/LightRocket via Getty Images China eclipsed the US as the largest smartphone market on Earth years ago, but now Americans can’t even claim second place. Counterpoint Research estimates that India overtook the US to become the second-largest market, with 158 million phones shipping to the country in 2019. That’s largely due …

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Panic Withdrawals at Indian Bank Over Alarming KYC Notice

</header> <strong>Hundreds of customers went on a withdrawal spree after an Indian bank announced its revised KYC requirements. The bank’s action followed the decision by the Reserve Bank of India (RBI) to include the National Population Register letter as a valid KYC document for opening bank accounts. Customers are worried their funds could be frozen.</strong> …

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Indian Supreme Court Warms Up to Crypto – RBI’s Arguments Not Convincing

</header> <strong>India’s supreme court heard the crypto case on Thursday, starting with the arguments by the counsel for the Reserve Bank of India (RBI). After pointing out that the RBI ban only hurts crypto businesses but does not stop crypto trading, the court explained that “being an honest contributor to the blockchain is more profitable …

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RBI Confirms Crypto Not Banned in India

</header> <strong>The Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in the entities it regulates, …

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Indian Minister Inaugurates Blockchain Center of Excellence in Bengaluru

</header> <strong>A Centre of Excellence in Blockchain Technology has been inaugurated by Indian Union Minister Ravi Shankar Prasad in Bengaluru. It will facilitate various government departments in their blockchain work, leading to large scale deployment of blockchain applications.</strong> Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia New ‘Centre of Excellence …

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

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 to why exactly it enforced a nationwide …

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Crypto vs RBI: 3 Days of Intense Supreme Court Hearings

</header> <strong>India’s supreme court heard the crypto case in detail over three consecutive days this week. In addition to intense arguments against the central bank having the power to ban crypto, the judges learned how other countries regulate this new sector, the amended EU directive, the FATF guidance, and less invasive crypto measures.</strong> Also read: …

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Indian Supreme Court Hears In-Depth Arguments Against RBI Ban

</header> <strong>India’s supreme court spent all day hearing arguments against the crypto banking ban by the Reserve Bank of India (RBI) on Wednesday. The counsel for the Internet and Mobile Association of India presented extensive arguments to convince the court that the central bank acted outside its jurisdiction and power in placing a banking restriction …

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Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia

</header> <strong>In this roundup, we cover EU-wide crypto regulations and individual countries’ new digital asset rules including Austria and the U.K. We also cover numerous crypto regulatory developments in the U.S., China, Japan, South Korea, India, and the Philippines.</strong> Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws EU-Wide Crypto Regulations …

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