Crypto Is Now Legal In India and South Korea. What Does It Mean?On March 4th, the Supreme Court of India ruled against the Reserve Bank of India’s decision to ban the country’s banks from dealing with digital currencies. The next day, on March 5th, the South Korean authorities have effectively legalized cryptocurrencies.
Zebpay Announced Closure of Its Bitcoin Exchange Business Following India’s Ban on Crypto Related ServicesLeading Indian Bitcoin and cryptocurrency exchange app Zebpay has announced that it will be stopping its exchange business effective from today, September 28. The move follows the ban imposed by the Reserve Bank of India (RBI) for all regulated financial institutions – including banks – from providing any service in relation to cryptocurrencies.
India’s Central Bank to Research Cryptocurrencies Despite Banning Banks from Bitcoin TransactionsThe Reserve Bank of India (RBI) has formed a new unit within the central bank to beef up its own intellectual capital in the face of emerging technologies like cryptocurrency, blockchain and artificial intelligence.
The Reserve Bank of India Bans Regulated Entities From Dealing In Virtual CurrenciesIndia virtually banned cryptocurrencies like bitcoin with the Reserve Bank of India barring regulated entities from providing services to any individual or business dealing in digital currencies.
Confirmed: One More Exchange To Launch Ethereum TradingGood news for Ethereum community and especially Indian traders: the bitcoin exchange BTCXIndia confirmed its plans to offer ETH/INR trading pair starting March 9. The official press release to be issued on March 5.