India Central Bank Forms New Unit to Tackle Blockchain Regulation
India's central bank has formed a new unit within the organization to tackle research and regulatory frameworks for blockchain and cryptocurrency.
With India's Supreme Court overturning a ban on cryptocurrencies, the blockchain industry has a large new resource of customers and developers.
Indian Supreme Court’s decision to lift the central bank’s ban on cryptocurrency trading could soon translate into notable growth in trading volumes, according to cryptocurrency exchanges in the country.
An only-partial court victory and the possibility of legislation banning crypto mean the industry’s legal status in India remains vulnerable.
Mumbai-based CoinDCX became the first platform in India to fully integrate bank account transfers.
Indian regulators' clampdown on crypto firms is forcing exchange Unocoin to experiment with ATMs and stablecoins to continue receiving fiat deposits.