Tag: Reserve Bank of India

Indian Supreme Court to Hear All Crypto Cases Against RBI on July 20

The Supreme Court of India will listen to all cases that have been filed against the Reserve Bank of India on July 20, reports the Economic Times. A total of five petitions have been filed against the country’s central bank after it issued a circular in April that barred any financial institution that it regulates from providing services to crypto-related businesses. The Supreme Court itself issued a directive that bars all the …
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Reserve Bank of India Faces Lawsuit Over Attempt to Ban Cryptocurrency Trading

When regulators attempt to clamp down on Bitcoin and cryptocurrency activity, the public will respond in one way or another. In India, it seems things are heading in a completely different direction compared to what one would expect. With the central bank recently attempting to ban Bitcoin activity, the institution now faces legal ramifications for doing so. India’s Central Bank in the Hot Seat For as long as most cryptocurrency …
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Bitcoin Price Watch: Currency Endures a $300 Jump

Bitcoin’s price is enjoying a healthy, $300 spike. After yesterday’s price of $6,600, bitcoin is now trading at a solid $6,900. One reason for the jump may stem from new details regarding India’s stance on cryptocurrencies. Over the past few days, several sources have reported that India was entertaining a permanent ban on bitcoin and other digital currencies so it could focus on creating a national cryptocurrency for users to …
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Bitcoin Price Watch: Currency Backtracks by $100

Bitcoin has taken a small tumble since yesterday’s figure of $6,800. At press time, the price has fallen by about $100 and bitcoin sits at just over $6,700. The fall may have occurred for several reasons, one being the recent hack of privacy-oriented cryptocurrency Verge. The attack was noticed by a bitcointalk.org user, who claimed that “several bugs” were used to infiltrate Verge’s code. The hacker than rewarded himself (or …
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