Source – mondaq.com 1. INTRODUCTION In April this year, the Reserve Bank of India (the “RBI“) issued a notification prohibiting the use of virtual currencies, preventing entities regulated by the RBI from dealing with virtual currencies or providing services facilitating any person or entity to deal or settle virtual currencies (the “Notification“).1 Pursuant to the Notification,
Source – ndtv.com The Supreme Court has refused to overturn a central bank ban on lenders from dealing in cryptocurrencies, a move that effectively outlaws the nascent industry in Asia’s third-largest economy. A bench headed by Chief Justice Dipak Misra said the Reserve Bank of India’s directive prohibiting banks, financial institutions and other regulated institutions from
Source – coinfrenzy.io Zebpay today at 1:29 PM sent out an important announcement in light of the recent Reserve Bank of India [RBI] circular, dated April 6th, on ‘Prohibition on dealing in Virtual Currencies’. Zebpay is a Bitcoin wallet provider with its headquarters in Singapore and IT office in Ahmedabad, Gujrat, India. In the announcement, Zebpay said that
Source – inc42.com As the cryptocurrency firms, enthusiasts and organisations like IAMAImoved the various courts against the RBI circular dated April 6, the Supreme Court of India, upon hearing a related-case, has directed to club all the petitions pending across various courts in this regard. The Supreme Court has also refused to put any stay on the RBI circular, till the matter
