Category: India
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Indian Supreme Court Gives Government Two Weeks to Submit Cryptocurrency Report
India’s supreme court has brought up the case against the cryptocurrency banking ban by the Reserve Bank of India after one-and-a-half months of delay. The court has reportedly asked the government to submit a report of the findings from the committee it had set up to understand the crypto space and recommend regulatory measures. Also…
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India’s First Bitcoin ATM Seized by Authorities, Unocoin Co-Founder Arrested
Only a week after India’s first Bitcoin ATM was launched to much fanfare, regional authorities have confiscated the two-way crypto machine and arrested the initiative’s founder, reported Times of India on Oct. 24. Bitcoin ATM Seized The Bitcoin ATM was installed by cryptocurrency exchange Unocoin in a shopping mall in the city of Bengaluru, India’s…
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Indian Police Seize Unocoin’s ATM, Arrest Two Founders
One week after Indian cryptocurrency exchange Unocoin announced the launch of its ATM, local police have reportedly seized the machine and arrested two founders of the company, including the CEO. Police say the machine was set up without approval. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Several Items Seized Indian police have seized…
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Indian Cryptocurrency Exchanges See Rapid Growth in P2P Trading
Trading volumes on exchange-escrowed peer-to-peer (P2P) cryptocurrency trading platforms in India are rising rapidly amid the banking ban by the country’s central bank. “Indians are warming up to P2P in amazing ways,” the CEO of a local crypto exchange told news.Bitcoin.com. Several other exchanges competing in the same space are seeing similar responses from their…
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Zebpay Sets Up Operations Overseas After Suspending Exchange Activities In India
Zebpay is reportedly expanding its global presence after suspending cryptocurrency trading operations in India due to the banking ban imposed by the country’s central bank. According to information on its website, an entity has been set up to operate the Zebpay exchange in Malta to serve 20 countries. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market,…
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India Forms New Committee to Push Blockchain in Government
The Internet Mobile Association of India (IMAI) announced Oct. 15 that it would be forming a committee to push more government involvement in the blockchain ecosystem. IAMAI Forms Committee For #Blockchain . The group will identify opportunities and challenges and work with government, industry and #startups to develop the ecosystem. https://t.co/Ciu10RV7Kf @SecretaryMEITY @FinMinIndia @PMOIndia —…
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50 Indian Traders Share Thoughts on Investing, RBI Ban, Future of Crypto in India
Fifty traders who use Indian crypto exchange Instashift have shared their thoughts on the current crypto environment in India. Most of them said that they “hodl” and would continue to invest in crypto despite regulatory uncertainty. Also read: RBI Argues Supreme Court Should Not Interfere With Its Crypto Decision Most Respondents Are Hodlers A survey was…
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30 Crypto ATMs Launching in India — Unocoin Unveils Solution to RBI Banking Ban
A major crypto exchange in India, Unocoin, has officially announced the launch of its crypto ATMs. CEO Sathvik Vishwanath told news.Bitcoin.com that, initially, the company plans to deploy 30 machines in three Indian cities. “These ATMs help people to cash in and cash out which was not possible before” due to the crypto banking ban…
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Unocoin to Launch Crypto ATM in India Soon; BTC, XRP, and ETH Among Supported Coins
Indian cryptocurrency exchange Unocoin is launching the country’s first digital assets ATM, even as other nations grapple with stringent regulations and a ban on banks providing services to exchanges. India’s First Crypto ATM As reported by Inc42, Unocoin CEO Sathvik Vishwanath confirmed the deal after an image of a company-branded ATM circulated the Twitter-verse. The Bengaluru-based…
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Major Indian Exchange Unocoin Launching Crypto ATMs
A major cryptocurrency exchange in India, Unocoin, has confirmed that it is launching crypto ATMs. While a formal announcement has not been made, an image of one of the exchange’s ATMs spreading on social media suggests that the machines support at least five cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Unocoin’s Crypto…