The first cryptocurrency petition was heard by the Supreme Court of India today. However, the decision has come in favour of the RBI.
Binance CEO Changpeng Zhao confirmed that Binance will introduce Euro-based fiat trading pairs in 2018. Binance also introduced the TRX/USDT trading pair.
Following the Reserve Bank's Banking embargo on those dealing in cryptos, exchanges are rapidly introducing crypto-to-crypto trade to circumvent this ban.
Reports indicate that that daily cryptocurrency trading volumes are now back to $75 million - the amount which they were before the RBI’s announcement.
UK’s first dedicated exchange for cryptocurrencies has listed Bitcoin Cash (BCH) and Ethereum Classic (ETC) to its platform
Following the announcement of Bitcoin to Ethereum trading pairs from Zebpay, it is now Koinex which has announced 23 crypto-to-crypto trading pairs.
Cleartax has recently joined hands with Zebpay and introduced a crypto tax advisory service which similar to what Coinbase is doing at a global level.
A petition was filed in response the directions of RBI to stop providing services to those involved in cryptocurrencies.
Short info update on legal status of Bitcoin & Cryptocurrency in India.
The Reserve Bank of India has now issued a directive to all ‘regulated entities’ which includes banks as well as authorized payment wallets to stop dealing with those who trade cryptocurrencies.
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