Crypto-Trade Continues to Boom in India Despite RBI Ban
Reports indicate that that daily cryptocurrency trading volumes are now back to $75 million - the amount which they were before the RBI’s announcement.
- Aditya Worah
- May 05, 2018
- Oct 07, 2024
Reports indicate that that daily cryptocurrency trading volumes are now back to $75 million - the amount which they were before the RBI’s announcement.
Zebi Data India, which currently has 30 employees - has stated that they aim to expand to a team of 900 devs by 2022 - and target a revenue of $60 Million.
Zebpay has now introduced crypto-to-crypto trading pairs for Indian users. The first trading pair they have introduced is BTC/ETH, more to be added soon!
A real estate developer Shailesh Bhatt was lashed and forced to transfer 200 Bitcoins worth of INR 12 crore from his account.
Indian authorities have arrested two individuals accused of operating a bitcoin Ponzi scheme that swindled 300 bitcoins, approx. $2.6 million from 5000 victims.
Coinsecure has now detailed their process of issuing refunds following a loss of 438 Bitcoins on their platform earlier in April.
The Delhi High Court has officially accepted the writ petition filed by Kali Digital Ecosystems and will be holding a hearing on the 24th of May.
Kali Digital Eco-Systems has filed a writ petition in the Delhi High Court against RBI's decision to restrict banking services to those dealing with cryptocurrencies.
On one hand, aims at developing its own crypto tokens, while on the other hand, it takes premature decisions to hamper crypto growth in the country.
Indian cryptocurrency exchange Coinsecure alleges that their CSO siphoned off 438.318 Bitcoins, worth approximately 19 Crore Indian Rupees ($33,70,000 in USD) from the platform.
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