The Reserve Bank of India has argued at the Supreme Court that bitcoin cannot be recognized as either money or currency.
The Reserve Bank of India is mulling a central bank digital currency as a means to reduce the country's huge spend on minting physical cash.
As the Indian Supreme Court declined to end the Reserve Bank of India's crypto curb, exchanges in India are taking different actions.
An Indian startup is taking the country's central bank to court over its decision to bar banks from dealing with crypto businesses.
India's cryptocurrency exchanges plan to fight back against the Reserve Bank's decision to cut them off from financial services.
The Reserve Bank of India announced today that the entities it regulates will be banned from dealing with cryptocurrency.
Following an increase in domestic bitcoin interest, a research center backed by India's central bank is now researching blockchain.
Reserve Bank of India governor Raghuram Rajan spoke out on bitcoin at a televised event late last week.
The Reserve Bank of India does not wish to develop a regulatory framework for digital currencies.
Several Indian bitcoin exchanges have halted trading following a statement issued by the Reserve Bank of India on Tuesday.