Alibaba — an e-commerce platform in China similar to Amazon — has created its own payment system (Alipay) to provide currency-like services:...

The monthly trading volume of centralized cryptocurrency exchanges hit a fresh all-time high of over $2 trillion in May, with Changpeng Zhao’s Binance leading the charge with nearly $1.5 trillion in trading volume, followed by Coinbase, reports TheBlock on May 31, 2021. Crypto Exchange Volume Hits Fresh ATH 2021 is proving to be an excellentRead More

More clarity around crypto and the launch of a new NFT platform have created excitement among fans, says WazirX’s CEO. 

In an important development concerning the crypto space in the country, the Reserve Bank of India (RBI) has cautioned banks in the country not to quote its circular of 2018 to warn their customers against trading cryptocurrencies. This is because the circular issued in 2018 by India’s Central Bank was subsequently quashed by the Supreme …

A new official notice published by the Reserve Bank of India (RBI) has positively impacted crypto enthusiasts in India as the central bank pointed out that a previous circular preventing banks from making business with crypto industries is no longer valid. The notice was addressed to all commercials and cooperative banks, payment banks, small finance [...]

The post Reserve Bank of India (RBI) Says Crypto Businesses OK for Indian Banks appeared first on Blockonomi.

Wise, a London-based online money transfer service formerly known as TransferWise, announced the launch of its low-cost and fast international money transfers from...

Reserve Bank of India has confirmed, cryptocurrencies are not illegal. They demonstrated that customer's Crypto account cannot be shut down by banks.

The Reserve Bank of India (RBI) told banks not to rely on an old circular that restricted them from working with crypto companies.

In April 2018, the Reserve Bank of India (RBI) asked local banks to stop providing services to cryptocurrency exchanges and related businesses, subsequently halting fiat-to-crypto trading in the country. Since then, many Indian exchanges have been struggling to keep up their payment channels as the banks sever ties with them despite the Supreme Court ruling […]

The Reserve Bank of India has issued a notification to banks on how to relate with their customers who deal with cryptocurrencies....

India’s central bank clears ambiguity over crypto regulations in the country. Banks Can’t Advise Against Trading in Crypto In a tweet posted today, the Reserve Bank of India (RBI) cleared clouds of confusion regarding the regulatory nature of cryptocurrencies in India. Customer Due Diligence for transactions in Virtual Currencies (VC)https://t.co/iAUAx8KpRh — ReserveBankOfIndia (@RBI) May 31,Read More

The Reserve Bank of India has clarified that banks can't caution their customers against dealing in crypto, citing an old 2018 circular.

The post India’s central bank gives clarity to banks dealing with crypto customers appeared first on The Block.