Indian Central Bank Argues Cryptos ‘Not Valid’ as Currency in Court Battle
The Reserve Bank of India has argued at the Supreme Court that bitcoin cannot be recognized as either money or currency.
Facebook reportedly has not filed an application with the RBI, which seeks to ban cryptocurrencies.
The Reserve Bank of India is setting up a regulatory sandbox for fintech startups – but crypto projects are excluded.
The Reserve Bank of India has said in a court filing that it had "ringfenced" financial institutions from dealing with digital assets over perceived risks, but hadn't banned cryptos.
The Reserve Bank of India has denied officially forming a new unit to research AI and blockchain technology, despite reports to the contrary.
Zebpay, once the largest crypto exchange in India, is halting its trading service at short notice, but stressed its wallet will stay functional.