• The RBI’s stance is justified, according to the governor.

    The RBI’s stance is justified, according to the governor.0

    Following the collapse of Terra’s UST and LUNA, RBI governor Shaktikanta Das noted in a local media interview that the central bank has been right to warn against cryptocurrencies. On Monday, Das told CNBC TV18 that if cryptocurrency had been regulated in India before the recent crisis involving the Terra ecosystem, investors would have questioned

    READ MORE
  • CoinSwitch in India is pleading for regulatory clarity and predictability

    CoinSwitch in India is pleading for regulatory clarity and predictability0

    India CoinSwitch CEO Ashish Singhal claimed that the country needs to enact legislation on cryptocurrency to solve regulatory ambiguity, protect investors, and expand India’s crypto economy. Despite the fact that India’s central bank has campaigned for a ban on cryptocurrencies owing to concerns to financial stability, the cryptocurrency industry has interpreted the federal government’s proposal

    READ MORE
  • Due to ‘informal pressure’ from the RBI, Coinbase has suspended operations in India

    Due to ‘informal pressure’ from the RBI, Coinbase has suspended operations in India0

    In a Tuesday earnings call, Coinbase CEO Brian Armstrong admitted that the exchange stopped the unified payments interface (UPI) in India due to “informal pressure” from the state bank. Armstrong’s remarks came a month after Coinbase’s India services were banned three days after their launch. Despite the Supreme Court’s decision in 2020 to overturn the

    READ MORE