Tag: rbi

India is not Banning Cryptocurrency After all Despite Negative RBI Stance

There have been a lot of interesting cryptocurrency-related developments in India over the past few years. Primarily the confusion regarding the regulation of the industry or even potentially banning it has created a few interesting debates. It now seems there is no plan to ban Bitcoin and altcoins in the country, although there could still be restrictions down the line.  No ban, Government Confirms It is good to hear the …
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Bitcoin Price Watch: Currency Spikes Up to $7,500

At press time, bitcoin has incurred a small rebound, and is now trading for roughly $7,500. This marks a $100 spike from yesterday’s price, though that, in turn, marked a $100 fall from 48 hours ago, when bitcoin had previously been trading for $7,500. Thus, while bitcoin’s new position is a move in the right direction, it’s hardly something to get super excited about. Previously, the currency had broken key …
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Bitcoin Price Watch: Currency Hasn’t Moved, but is Another Bull Run on the Way?

Bitcoin’s price remains virtually unchanged from yesterday’s $8,900 mark. While $9,000 hasn’t been reached just yet, sentiment remains that the currency could strike this territory in the coming days. What’s interesting is that despite certain regulatory maneuvers inching forward, bitcoin and cryptocurrencies remain popular enough to fight ongoing resistance levels. In the past, when bitcoin was younger, the slightest move against its decentralized nature was known to make its price …
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Reserve Bank of India May Grant Legal Tender Status to Bitcoin

It appears the Indian government is finally ready to make a decision about Bitcoin and other cryptocurrencies. For a nation with such a strong focus on financial innovation, its leadership remains rather indecisive when it comes to Bitcoin and cryptocurrency. Indeed, there is no official regulation or legal recognition for such currencies in the country whatsoever. However, that situation may finally change in the weeks ahead. RBI May Render a Decision on Bitcoin Soon …
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