India’s Supreme Court Quashes Central Bank’s Virtual Ban on Crypto Trading and Services

India’s Supreme Court has lifted a virtual ban on crypto trading instituted by its central bank in 2018. The court ruled in favor of cryptocurrency exchanges, which had filed a case against the Reserve Bank of India (RBI), and questioned the “proportionality” of RBI’s actions in its ruling. “RBI needs to show, at least, some semblance of any damage suffered by its regulated entities. But … Continue reading India’s Supreme Court Quashes Central Bank’s Virtual Ban on Crypto Trading and Services

India’s Draft Cryptocurrency Bill Makes Holding or Mining Crypto An Offense

In a move designed to tighten its grip on cryptocurrency trading, the Indian government has proposed a bill that essentially bans cryptocurrencies. A draft version of the “Banning Cryptocurrencies and Regulation of Official Digital Currency Bill 2019” bill makes it illegal to mine, generate, hold, buy, sell, or deal in cryptocurrencies. The bill makes all of the activities listed above a “cognisable and non-bailable” offence. … Continue reading India’s Draft Cryptocurrency Bill Makes Holding or Mining Crypto An Offense