The RBI has now explained to the Supreme Court the reason as to why they stopped providing banking services to cryptocurrency businesses.
The final hearing has been moved to 11th September because SEBI, as well as certain cryptocurrency exchanges, are yet to file their response to the petition.
Amit Bhardwaj, the kingpin behind the $150 Million (Rs. 1000 Crore) Bitcoin Ponzi scam GainBitcoins is willing to offer refunds to investors.
Despite the RBI ban having come into effect earlier this month, Zebpay remains hopeful that it will soon be overturned as better regulations are introduced.
India’s primary opposition party, the Indian National Congress has alleged members of the ruling party BJP of a mega-Bitcoin scam worth Rs 5000 Crores.
Zebpay, one of the biggest cryptocurrency exchanges in the country has announced that as of today, they no longer allow rupee-based transactions to take place.
India's public policy think-tank is all set to trial the use of a blockchain based PoC application to streamline and automate fertiliser subsidy management.
The first cryptocurrency petition was heard by the Supreme Court of India today. However, the decision has come in favour of the RBI.
A former Member of the Legislative Assembly has been named as an absconder by a sessions court in Gujarat over a Bitcoin extortion case.
Dilip Rao, Ripple’s global head of infrastructure innovation has commented that it is likely that the Reserve Bank will be reversing the crypto-ban soon.
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