Crypto Chaos Happening in India As Central Bank Continues Policy of Opposition

Cryptocurrency adoption in India continues to accelerate, yet the nation’s central bank, the Reserve Bank of India (RBI), is holding firm on its stance against it. Recently the RBI issued a “Regulatory Sandbox” of promising fintech developments that it considers worthy of testing and exploration. The document expressly puts cryptocurrencies on a “negative list” of…

May 1, 20190Comments

ByTrevor Smith

China & India Continue To Take Steps To Thwart Crypto Use

The governments of China and India are known to be hostile to decentralized cryptocurrencies, and have taken steps over the past few years to curb their adoption. Although largely unsuccessful, these steps have frustrated citizens seeking to enter the crypto space. Both governments now appear to be strengthening their resolve to block the use of…

January 25, 20190Comments

ByTrevor Smith

Altcoins Bitcoin

Bans Emerging as Central Banks Push Back on Crypto Adoption

As the cryptocurrency revolution moves forward, governments, and their central banks, are scrambling to develop policies to manage and regulate the field. Although financial leaders are intrigued by the potential of blockchain technology, they have made no secret of their opposition to decentralized cryptocurrencies. Banking bans have emerged as their latest tool in an attempt…

August 5, 20180Comments

ByTrevor Smith

Markets

Indian Crypto Usage Growing Despite RBI Ban

In April, the Reserve Bank of India (RBI) issued a banking ban on cryptocurrency trading and use. This ban prohibits banks from working with exchanges or other crypto businesses, and went into effect on July 6th. It is designed to shut down crypto use in India by making fiat conversions impossible. Nevertheless, India’s crypto community…

July 12, 20180Comments

ByTrevor Smith