Indian

Indian Crypto Trading Volumes Accelerate on Positive Sentiments

<header class=”article__header”> </header> <strong>Cryptocurrency trading volumes in India have accelerated despite regulatory uncertainty and banking restrictions imposed by the Reserve Bank of India (RBI). Global trading platforms and service providers have also been expanding their operations to serve Indian users.</strong> Also read: Mistakes Crypto Owners and Traders Should Avoid Strong Trading Volume Growth Banking services …

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State Bank of India Chief Says Crypto Regulation Is a Must

<header class=”article__header”> </header> <strong>The chairman of the State Bank of India (SBI) has spoken in favor of cryptocurrency regulation in an interview. He believes that it is necessary to regulate cryptocurrencies. Last week, the chairman attended IMF meetings in Washington, D.C., with Finance Minister Nirmala Sitharaman.</strong> Also read: India’s Popular ‘Who Wants to Be a …

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Cashaa Launches Banking Solution for Indian Crypto Owners

<header class=”article__header”> </header> <strong>Banking services platform Cashaa is offering a solution for Indian crypto owners facing banking restrictions imposed by the country’s central bank, the Reserve Bank of India (RBI). The service allows users to deposit up to 1 crore rupees (~$141,012) per month to purchase cryptocurrencies.</strong> Also read: Indian Finance Minister Answers Crypto Questions …

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Indian Supreme Court Postpones Crypto Case to November

<header class=”article__header”> </header> <strong>The Supreme Court of India on Tuesday once again postponed hearing the case 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 today.</strong> Also read: RBI Ban …

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Indian Supreme Court Sets Date to Hear Crypto Case Next Week

<header class=”article__header”> </header> <strong>The Supreme Court of India has confirmed a new date to hear the crypto case after multiple delays. During the last hearing, the court directed the Reserve Bank of India (RBI) to reply to crypto exchanges’ representation within two weeks, which the central bank has done.</strong> Also read: India’s Popular ‘Who Wants …

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Bank Raided, Arrests Made but RBI Still Restricts Withdrawals

<header class=”article__header”> </header> <strong>The crisis has elevated at the cooperative bank recently placed under regulatory restrictions by India’s central bank. Multiple branches have been raided and several arrests were made. However, the RBI continues to impose a withdrawal limit, preventing bank customers from accessing their savings. The bank has 137 branches across India.</strong> Also read: …

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RBI Ban Stops Indian Police From Cashing Out Seized Crypto

<header class=”article__header”> </header> <strong>The effects of banking restrictions by the Reserve Bank of India (RBI) have reached an Indian police department. The police sold some cryptocurrencies they seized only to find out that they cannot access the Rs 8.42 crore (~$1.2 million) proceeds due to the current RBI banking ban.</strong> Also read: India’s Popular ‘Who …

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Protests Led RBI to Raise Bank’s Withdrawal Limit

<header class=”article__header”> </header> <strong>The Reserve Bank of India has relaxed the withdrawal limit of 1,000 rupees (approximately $14) it placed on a cooperative bank a couple of days ago. The central bank said it aims to reduce the hardship of depositors after many heavy protests followed its original order.</strong> Also read: Panic at 137 Bank …

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Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000

<header class=”article__header”> </header> <strong>The Reserve Bank of India has imposed regulatory restrictions on a cooperative bank with 137 branches across India, including limiting customer withdrawals to a total of 1,000 rupees (approximately $14) per account for six months. Police personnel had to be deployed to control angry customers at some locations.</strong> Also read: Indian Parliament …

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Indian Parliament Member Helping Crypto Community Influence Regulation

<header class=”article__header”> </header> <strong>The Indian crypto community has made progress towards influencing the government’s crypto policies. Some industry leaders have met with an influential lawmaker who has agreed to help bring about positive crypto regulation in the country.</strong> Also read: India’s Popular ‘Who Wants to Be a Millionaire’ Show Gives Crypto a Boost Parliament Member …

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