Binance, one of the world’s largest cryptocurrency exchanges, is back on the Google Play Store and Apple App Store in India after a seven-month ban imposed by local authorities for operating “illegally” in the country. This comes after the exchange fulfilled its compliance requirements by registering with India’s Financial Intelligence
Twitter announced that it had investigated the incident. The Modi government is now drafting laws to restrict cryptocurrency usage. Indian Prime Minister Modi’s official Twitter account sent a message on December 12th at midnight (IST) stating India had officially adopted Bitcoin as a legal tender. The government had bought 500
The Modi administration is considering legislation to regulate their use. The Bill will be presented to the Indian Parliament for consideration. United States President Joe Biden hosted a two-day virtual “Summit for Democracy” on December 9-10, drawing representatives from over 110 countries. China on Thursday accused the United States of
The Reserve Bank of India wants a full ban on digital currencies. Mr. Ambani has said that he is a huge supporter of blockchain technology. India’s wealthiest man, Mukesh Ambani, praised the country’s policies and legislation in favor of the proposed data privacy and cryptocurrency bills on Friday. Moreover, Ambani
WazirX’s exchange hit 10 million users this year. Compared crypto to the 17th century Tulip mania. With few exclusions, India’s proposed ban on private cryptocurrencies triggered significant panic selling on Tuesday night, crashing India’s largest crypto exchange, WazirX. WazirX CEO Nischal Shetty told BusinessToday. Due to high user activity after
India essentially banned crypto transactions. India’s government is ready to hold off on issuing another ban. In an assertive stance, Indian Prime Minister Narendra Modi cautioned that bitcoin poses a danger to younger people, as his government prepared to regulate cryptocurrencies. Modi portrayed virtual money, which is popular in India
Indians are usually thirsty for developing more and earning more. They quite well strive hard , spreading all over the world for opportunities. That’s the same case with cryptocurrency and Bitcoin (BTC) investments too. According to data, Indian’s have invested around $40 Billion upon cryptocurrencies, including Bitcoin. The Crypto Craze
Questions Upon Security With the rise of the cryptocurrency industry, taking over the world with it, India has never been such an exemption ever. Statistics reveal that so far Indians have invested about $1 billion in the cryptocurrency industry. Moreover, 15 million people are said to be actively trading in
Some banks in India warn customers with RBI notice. RBI clears up the commotion with the further announcement. RBI states that they didn’t ask banks to stop the services of exchanges. Leading banks in India have restricted virtual cryptocurrency services with the statement of RBI given on April 06, 2018.
