Indian Regulators Responds to Crypto Regulation | Coindelite News
Crypto Regulation

Indian Regulators Responds to Crypto Regulation

A New Delhi based legal agency has asked 68 questions about cryptocurrencies to the Securities and Exchange Board of India (SEBI). The Indian regulatory body has finally responded to those questions asked by the agency called Blockchain Lawyer. The response comes under the Right-to-Information (RTI) act. This act allows citizens …

Indian Government To Regulate Cryptocurrency By End Of 2018 | Coindelite News
Crypto Regulations

Indian Government To Regulate Cryptocurrency By End Of 2018

  Indian government to regulate cryptocurrencies by the end of this year. The finance ministry panel is still estimating how to manage blockchain and cryptocurrency separately. However, the government and Reserve Bank of India (RBI) had announced their plans to adopt blockchain technology. A senior government official said the Committee …

State Bank of India warned its Customers instead of Banning the Credit Card Crypto Purchases

SBI Warns Credit Card Crypto Buyers instead of Banning them from Buying it. SBI Cards & Payments Services Pvt. Ltd, which is known as the second largest credit cards issuer in India, has warned customers about the risks associated with cryptocurrencies. Even though after warning, the bank did not ban …

Indian Investors Forced to Buy Cryptos Abroad; as the Govt. Pull Strings

Cryptocurrency Regulations Tightened in India; People are looking to Buy Cryptocurrencies Abroad. Since cryptocurrency regulations are becoming more efficient in India, a new trend has begun in the country by acquiring cryptocurrencies from overseas, either from relatives, friends or with abroad accounts. Increased Regulations Indians are looking forward to buying …

CITI Bank in India Stops its Customers to Trade Cryptocurrency through Debit/Credit Cards

CITI bank Stops customers from using its Debit/Credit card for Cryptocurrency Transactions Citibank India announced debit card and credit card users via email on the 13th of February they would no longer be able to participate in cryptocurrencies such as bitcoin. Because of the regional and global concerns from regulators, …

Indian Finance Minister declared – Cryptocurrency Not a Legal Tender

Indian Finance Minister Mr. Arun Jaitley signaled that cryptocurrencies such as Bitcoin are not a Legal Tender Today, while presenting the country’s budget plan for 2018, Indian Finance Minister spoke about refusing to accept cryptocurrencies like bitcoin as legal tender between talk of the wider crackdown on their usage. While …

The Tax Authority in India sent Notices to Crypto Traders due to the Unreported Investments

Indian Tax Officials are targetting the Crypto Traders who have not revealed their Investment details The Indian Tax Authority is sending notices to the cryptocurrency investors after finding that few of them has not reported their investments to the tax returns. The government has conducted a survey of crypto trading …

Indian Banks have suspended accounts of major Bitcoin exchanges | Coindelite News
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Indian Banks have suspended accounts of major Bitcoin exchanges

The accounts of major Bitcoin exchanges in India has been suspended by the Indian Government   Top Banks such as State Bank of India, Axis Bank, HDFC Bank, ICICI Bank and Yes Bank have suspended accounts of major bitcoin exchanges, suspecting doubtful transaction. The banks have likewise looked for an …

In India a Legal Action has been taken for immediate Intervention of Bitcoin Flow | Coindelite News
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In India a Legal Action has been taken for immediate Intervention of Bitcoin Flow

Bitcoin News A case has been filed in an Indian High Court by a public prosecutor of cybercrime cases. Insisting that cryptocurrencies promote crime, he calls for their immediate ban or regulation. The Case Asks Immediate Intervention Indian Express reported that a Public Interest Litigation (PIL) was filed with the …