While SJM includes a member of the board of directors of the Reserve Bank of India, Swaminathan Gurumurthy, among its co founders, observers say it’s unlikely to have much influence over government policy. Even though it is considered the economic arm of Rashtriya Swayamsevak Sangh (RSS), a nationalist group that provides the ideological backing for the ruling party, the BJP, … [Read more...] about Indian Ruling Party-Aligned Group Takes Stance on Crypto Regulation
Stance
India’s stance on Bitcoin and crypto is evolving
India’s reserve bank has long since condemned the use of cryptocurrencies, but other than the Supreme Court striking down its 2018 bill last year, the Indian government’s stance on cryptocurrencies has been largely uncertain. On one hand, top sources tracking the government’s stance say it has shifted away from the idea of a complete ban. On the other hand, more banks have … [Read more...] about India’s stance on Bitcoin and crypto is evolving
Indian central bank remains anti-crypto, affirming ‘no change’ in its stance
Its infamous circular directing banks to cease servicing crypto firms may have been overturned in the courts but India's central bank is showing no signs of softening its stance towards cryptocurrencies.Reserve Bank of India Governor Shaktikanta Das reiterated the institution's position in a recent press conference following a statement on monetary policy, stressing:“We have … [Read more...] about Indian central bank remains anti-crypto, affirming ‘no change’ in its stance
Bitcoin, Ethereum start the week strong as countries clarify stance on crypto regulations
Bitcoin, Ethereum start the week strong as countries clarify stance on crypto regulations Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Bitcoin · Ethereum › Edge US President Joe Biden proposed cryptocurrency regulations in the recently announced budget for 2022. Rohan Jethi · June 1, 2021 at … [Read more...] about Bitcoin, Ethereum start the week strong as countries clarify stance on crypto regulations
Will India’s latest stance lead to positive regulation?
For most of the last decade, India’s stance on cryptocurrencies has been uncertain, to say the least. The current soft ban is hurting the country’s potential every day, but recent reports suggest the country is having second thoughts.In March this year, a notification published by the Ministry of Corporate Affairs stated that companies dealing in cryptocurrencies would have to … [Read more...] about Will India’s latest stance lead to positive regulation?