“This is the first milestone of a long journey for making cryptocurrency accessible to the masses,” BuyUcoin CEO and co-founder Shivam Thakral said. “The draft of the sandbox is driven by input from crypto experts and industry insiders. This will not only help the government to make laws, but will also guide startups and budding entrepreneurs to enter this blooming industry.”
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India revisits crypto ban in fresh blow to embattled industry
Months after exchanges began tentatively opening and reopening for business, reports suggest the Indian government is not finished in its quest to ban the trade of digital assets
The rumored ban comes months after the country’s Supreme Court overturned controversial restrictions that prohibited banks from dealing with exchanges. Those measures left many trading platforms unable to operate, with some closing their doors for good.
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As India opens crypto market, exchange entices with education
Despite reports that reimposing a ban is under consideration, there’s a lot of excitement in the country, and the CoinDCX exchange wants to use learning to tap into it
India’s cryptocurrency market has gingerly started to ramp up activity after the Supreme Court overturned a controversial ban in March that prohibited banks from dealing with exchanges.
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Two things the Reserve Bank of India says shouldn't go together: crypto and rupees (via Shutterstock)As India bans cryptocurrencies, Thailand, South Korea, Switzerland, and the EU embrace them
India’s Supreme Court upholds Reserve Bank of India’s crypto ban
India is thought of as a tech giant but there’s one technology it doesn’t like, even while other parts of the world do: crypto. India’s Supreme Court has decided to keep in place a cryptocurrency ban on regulated financial institutions announced by the country’s central bank three months ago. This basically dries up a large portion of the crypto market in the second-most populous nation in the world. On April 5, the Reserve Bank of India issued at statement saying, among other things: “In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any…
