Tag Archives: RBI

Indian Supreme Court Denies Interim Injunction Against Reserve Bank Of India Restrictions

The Supreme Court of India declined to grant an interim injunction against the Reserve Bank of India (RBI) circular banning banking services for companies dealing in cryptocurrency, according to a Twitter post by Crypto Kanoon May 11. Crypto Kanoon is a team of Indian lawyers engaged in crypto regulatory analysis and legal awareness. Continue reading Indian Supreme Court Denies Interim Injunction Against Reserve Bank Of India Restrictions

India’s Supreme Court Urged to Rule on Cryptocurrencies

Since 2013, the RBI has been issuing cautionary advice in the public interest. However, a sense of relief was embedded in all the cautions for the investors that, if at all, the hammer of Government will only fall on the miscreants who will flout the law of the land. Continue reading India’s Supreme Court Urged to Rule on Cryptocurrencies

Petition To Reverse Indian Central Bank’s Crypto Ban

A Change.org petition for “Mak[ing] India at the forefront of Blockchain Applications Revolution” in response to the Indian central bank ending all dealings with crypto-related accounts this week has gained over 17,000 thousand signature since going online April 5. Continue reading Petition To Reverse Indian Central Bank’s Crypto Ban

Appalling Regulations on Cryptocurrency By RBI

The Reserve Bank Of India has come up with certain policies on Thursday’s meeting under Urjit Patel. RBI has banned buying cryptocurrency via banks or e-wallets with immediate effect. So, you will not be able to buy cryptocurrency via banks or e-wallets etc. in India anymore. Reserve Bank of India (RBI) has banned crypto with immediate effect from “dealing with or providing services to any individuals or business entities dealing with or settling virtual currencies”. The central bank has repeatedly cautioned users, holders and traders of virtual currencies, including Bitcoins, regarding various risks associated with dealing with such virtual currencies. Continue reading Appalling Regulations on Cryptocurrency By RBI