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RBI CRYPTOCURRENCY CIRCULAR
Would you like to open a crypto account with us? Banks face moment of reckoningAt present, most account holders of private banks are unable to directly buy cryptocurrency assets through their bank accounts or credit ca...- RBI Guv flags major concerns over cryptos' impact on financial stabilityThe statement comes just a few days after the central bank issued a circular that prohibits Indian banks from referring to its now-scrapped...
- Delhi High Court asks RBI, SBI to respond to plea to revoke prohibition on use of UPI for cryptocurrency exchangeThe petitioner, who is an account holder of SBI and registered user of cryptocurrency exchange, WazirX, said by the actions of the authorit...
- Waiting for Cabinet approval, says FM Nirmala Sitharaman on bill on cryptocurrencyUnderlining that both the government and the RBI are "committed to financial stability", RBI Governor Shaktikanta Das had said there are no...
- Smaller banks get cold feet, deactivate cryptocurrency accountsWhile large banks like State Bank of India, HDFC Bank, Axis Bank and ICICI Bank continue to be reluctant, some smaller banks such as IDFC B...
- Stance against crypto unchanged: Shaktikanta DasThis is a reiteration of the RBI’s long-held stance against the use of virtual currency in India.
- RBI’s stance on cryptocurrency unchanged, Governor Das saysThe Reserve Bank of India (RBI) has “major concerns” on impact of crypto trading on the country’s financial stability, and the same has bee...
- RBI says banks can’t use its 2018 circular to ban crypto transactionsIn recent weeks, several lenders including HDFC Bank and State Bank of India, had officially flagged transactions relating to the purchase ...
- Relief for investors as RBI clarifies on banks' warning to crypto-dealing clientsRecently, several large private and public sector lenders have cited the RBI’s 2018 notice to caution customers from dealing in digital cur...
- Banks warn its customers of curbs if they deal in cryptocurrencyBanks issue official notices warning of curbs – including permanent closure of accounts
- Cryptocurrency exchanges to approach Supreme Court on RBI diktatIn the last month or so, some of the banks have stopped providing services to the exchanges, which has led to a major disruption. The excha...
- Direct banks to allow cryptocurrency trade: Firms to RBIThe request comes in the wake of the recent Supreme Court order that struck down the central bank's April 2018 circular that disallowed ban...
- RBI to seek review of Supreme Court order on cryptocurrencyRBI is worried that the order could pave way for trade in virtual currencies, putting the banking system at risk.
- SC does away with RBI curbs on crypto tradingThe court said this was a nonbinding advisory that dealt with the risks underlying virtual currencies.
- SC allows trade in cryptocurrency, quashes RBI curbThe Supreme court ruled that the curbs on cryptocurrency trading was illegal.
- Banned cryptocurrency to uphold integrity of banking system: RBIThe central bank, through senior advocate Shyam Divan, argued that though there was no formal ban on cryptocurrencies under any law in exis...
- SC commence hearing on pleas against RBI circular banning cryptocurrencyThe RBI had on April 6, 2018 last year had said that it had repeatedly cautioned users, holders and traders of virtual currencies.
- Big blow for cryptocurrency holders as Supreme Court refuses reliefRBI has prohibited financial institutions from providing any service in virtual currencies.
- Bitcoin traders move SC, say nothing illegal about crypto cashPlea says RBI blocking essential services as virtual currencies not banned in the country
- 11 individuals move SC against RBI circular that blocked banking services for bitcoin businessesThis is the fourth in the series of writ petitions against the RBI for blocking off banking services to cryptocurrency exchanges in India.
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