SC lifts total ban on cryptocurrency trade; quashes 2018 RBI circular banning banks from providing services
According to the 6 April 2018 circular, the entities regulated by the RBI are prohibited from "providing any service in relation to virtual currencies.
Cryptocurrency transactions opposed to protect integrity of banking system; no formal ban issued: RBI tells SC
The RBI said it had not banned cryptocurrencies such as Bitcoin in India, but only ringfenced regulated entities like banks from risks involved in the trading of virtual instruments.
Many countries have cautioned India against cryptocurrencies; RBI has banned its use, says Nirmala Sitharaman
The RBI has banned the use of cryptocurrencies in India.
Facebook Libra has a destabilising effect on the global financial system, say critics.
All members of the Hedera governing council have equal say in approving updates to the platform codebase.
Libra could provide a universal, stable currency without needing to set up an entire payment infrastructure.
Japan last year became the first country to regulate cryptocurrency exchanges, as it encourages technological innovation while ensuring consumer protection
SC upholds RBI circular prohibiting banks and financial institutions from providing services in cryptocurrencies
Cryptocurrencies are digital currencies, in which encryption techniques are used to regulate the generation of the currency units and verify the transfer of funds, operating independently of a central bank
Traders are exchanging digital currencies such as bitcoin and ether over Skype to avoid online exchanges
Some 20 traders and clients have around 5 years spawned an OTC market moving hundreds of millions of dollars of cryptocurrencies daily, mostly via online messaging.
One reason for the G20’s inaction is that they see cryptocurrencies as too small to jeopardize financial markets.
It is important to highlight the importance of decentralisation in the world of blockchain and how cryptocurrencies are a result of that.
Tech-savvy young investors, real estate players and jewelers are among those invested in bitcoin and other virtual currencies
The global cryptocurrency market is worth $245 billion which is tiny compared to the trillion dollar plus balance sheets of the Bank of Japan, the US Federal Reserve or the ECB.
Hong Kong’s Securities and Futures Commission (SFC) warned that it may regulate some fundraisings done through digital currencies.
Linking virtual currencies to dark world not right; potential of bitcoins is what financial markets should look at
Bankers have not been too happy to accept the revolution triggered by digital currencies
The initiative is a rare example of an established financial services company warming up to cryptocurrencies.