Indian Govt Panel Submits Advice For Crypto Regulation | Coindelite News
Cryptocurrency News

Indian Govt Panel Submits Advice For Crypto Regulation

The Indian government recently appointed a panel to suggest digital currency measures for creating the new legal framework. The panel has recently submitted its recommendations to the government. The document has not been made public yet, but still there a lot of speculations taking place by experts about what it …

Swiss-based Crypto Firms Can Handle $100M Deposits | Coindelite News
Crypto Regulations

Swiss-based Crypto Firms Can Handle $100M Deposits

Switzerland’s Financial Market Supervisory Authority (FINMA) announced that cryptocurrency startups can now apply for licenses to handle 100 million Swiss francs ($100 million). The companies can hold money in public deposits under new regulations published on Dec. 3. The move aims to promote technological innovation and allow cryptocurrency related companies to …

Indian Government To Regulate Cryptocurrencies | Coindelite News
Cryptocurrency News

Indian Government To Regulate Cryptocurrencies

The Indian government is finally planning regulations on cryptocurrencies such as Bitcoin, Ethereum by next month. The government recently published a document explaining the plans to regulate digital currencies. According to the reports, the regulatory body will be issuing new rules on cryptocurrencies under the guidance of Prime Minister Mr. …

Indian Exchange CEO Asks Government to Regulate Cryptos | Coindelite News
Crypto Regulation

Indian Exchange CEO Asks Government to Regulate Cryptos

Indian Finance Minister Mr. Arun Jaitley was openly asked to look into the regulation of Bitcoin and altcoins. Mr. Nischal Shetty, CEO of WazirX has reached out to India’s top lawmaker on Twitter. The CEO requested the minister to focus more on cryptocurrencies’ potential benefits rather than its limited misuse. …

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 …