Cyptocurrency not banned in India, RBI says in Supreme Court | eBitcoinics.com

BTC/USD $ 26712.9

|

ETH/USD $ 1796.60

|

LTC/USD $ 92.39

|

DASH/USD $ 44.41

|

DOGE/USD $ 0.07324

|

|

ADA/USD $ 0.3676

|

USDT/USD $ 1.00

|

SHIB/USD $ 0.00000866

|

HOLO/USD $ 0.003566

|

BTT/USD $ 0.00000060

|

WINK/USD $ 0.0001995

|

YFI/USD $ 6739.04

|

PAXG/USD $ 1995.93

|

MKR/USD $ 630.44

|

BCH/USD $ 117.30

|

WBTC/USD $ 26739.6

|

COMP/USD $ 35.00

|

AAVE/USD $ 62.48

|

ZEC/USD $ 33.10

|

|

TRB/USD $ 11.87

|

ETC/USD $ 18.36

|

NMR/USD $ 13.50

|

|

LINK/USD $ 6.62

|

|

|

ATOM/USD $ 10.78

|

|

|

SUSHI/USD $ 0.8944

|

BAND/USD $ 1.47

|

EOS/USD $ 0.8928

|

OMG/USD $ 0.8033

|

|

MIR/USD $ 0.05600

|

BNT/USD $ 0.4149

|

XTZ/USD $ 0.8899

|

CGLD/USD $ 1.74

|

1INCH/USD $ 0.4109

|

CRV/USD $ 0.8177

|

KNC/USD $ 0.6039

|

ENJ/USD $ 0.3523

|

MATIC/USD $ 0.8601

|

STORJ/USD $ 0.3080

|

ZRX/USD $ 0.2240

|

ALGO/USD $ 0.1679

|

GRT/USD $ 0.1221

|

OGN/USD $ 0.09479

|

CTSI/USD $ 0.1985

|

MANA/USD $ 0.5062

|

BAT/USD $ 0.2212

|

|

USDC/USD $ 0.9998

|

REN/USD $ 0.07770

|

XLM/USD $ 0.08778

|

NKN/USD $ 0.09859

|

OXT/USD $ 0.06790

|

LRC/USD $ 0.2967

|

SKL/USD $ 0.03220

|

CVC/USD $ 0.08861

|

SAND/USD $ 0.5290

|

NU/USD $ 0.1500

|

GNT/USD $ 0.00000001

|

DNT/USD $ 0.02720

|

ANKR/USD $ 0.02588

|

LOOM/USD $ 0.05156

|

AMP/USD $ 0.002960

|

MANY/USD $ 0.3509

|

WTK/USD $ 0.02170

|

POSI/USD $ 0.02355

|

WINR/USD $ 0.00003100

|

DEFT/USD $ 0.00002080

|

ISA/USD $ 0.0001070

|

RULER/USD $ 0.006669

|

SPORE/USD $ 0.9137

|

DEFLCT/USD $ 0.7343

|

HVE/USD $ 0.0004395

|

JCB/USD $ 0.00004900

|

FWC/USD $ 0.00000000008000

|

FDC/USD $ 0.00000021

|

YETI/USD $ 0.003856

|

SMR/USD $ 0.06492

|

BTC/USD $ 26712.9

ETH/USD $ 1796.60

LTC/USD $ 92.39

DASH/USD $ 44.41

DOGE/USD $ 0.07324

ADA/USD $ 0.3676

USDT/USD $ 1.00

SHIB/USD $ 0.00000866

HOLO/USD $ 0.003566

BTT/USD $ 0.00000060

WINK/USD $ 0.0001995

YFI/USD $ 6739.04

PAXG/USD $ 1995.93

MKR/USD $ 630.44

BCH/USD $ 117.30

WBTC/USD $ 26739.6

COMP/USD $ 35.00

AAVE/USD $ 62.48

ZEC/USD $ 33.10

TRB/USD $ 11.87

ETC/USD $ 18.36

NMR/USD $ 13.50

LINK/USD $ 6.62

ATOM/USD $ 10.78

SUSHI/USD $ 0.8944

BAND/USD $ 1.47

EOS/USD $ 0.8928

OMG/USD $ 0.8033

MIR/USD $ 0.05600

BNT/USD $ 0.4149

XTZ/USD $ 0.8899

CGLD/USD $ 1.74

1INCH/USD $ 0.4109

CRV/USD $ 0.8177

KNC/USD $ 0.6039

ENJ/USD $ 0.3523

MATIC/USD $ 0.8601

STORJ/USD $ 0.3080

ZRX/USD $ 0.2240

ALGO/USD $ 0.1679

GRT/USD $ 0.1221

OGN/USD $ 0.09479

CTSI/USD $ 0.1985

MANA/USD $ 0.5062

BAT/USD $ 0.2212

USDC/USD $ 0.9998

REN/USD $ 0.07770

XLM/USD $ 0.08778

NKN/USD $ 0.09859

OXT/USD $ 0.06790

LRC/USD $ 0.2967

SKL/USD $ 0.03220

CVC/USD $ 0.08861

SAND/USD $ 0.5290

NU/USD $ 0.1500

GNT/USD $ 0.00000001

DNT/USD $ 0.02720

ANKR/USD $ 0.02588

LOOM/USD $ 0.05156

AMP/USD $ 0.002960

MANY/USD $ 0.3509

WTK/USD $ 0.02170

POSI/USD $ 0.02355

WINR/USD $ 0.00003100

DEFT/USD $ 0.00002080

ISA/USD $ 0.0001070

RULER/USD $ 0.006669

SPORE/USD $ 0.9137

DEFLCT/USD $ 0.7343

HVE/USD $ 0.0004395

JCB/USD $ 0.00004900

FWC/USD $ 0.00000000008000

FDC/USD $ 0.00000021

YETI/USD $ 0.003856

SMR/USD $ 0.06492

Cyptocurrency not banned in India, RBI says in Supreme Court

world news 21 Jan, 2020 news.ebitcoinics.com Views: 418

The Reserve Bank of India (RBI) said it had not banned cryptocurrencies such as Bitcoin. It says it has only “ring-fenced” regulated entities from associated risks, The Economic Times reported.

The statement was in an affidavit filed with the SC against a petition filed by the Internet and Mobile Association of India (IAMAI).

Adding that it was not against technological innovation, the RBI noted that only regulated entities such as banks were ring-fenced from risks such as terror financing and money laundering through cryptocurrencies, the paper added.

IAMAI filed a petition with the Supreme Court objecting to a 2018 RBI circular which stopped regulated entities from dealing in cryptocurrencies. The RBI then filed a 30-page affidavit with the SC in September, ET reported.

During the hearing earlier this January, the body claimed the move had effectively banned legitimate business activity via the virtual currencies (VCs). The next hearing is scheduled for January 21.

The affidavit, accessed by ET said: “RBI has not prohibited VCs in the country … has directed the entities regulated by it to not provide services to those persons or entities dealing in or settling VCs … The RBI has been able to ring-fence entities regulated by it from being involved in activities that pose reputational and financial risks along with other legal and operational risks.”

RBI and IAMAI did not respond to ET's queries.

The affidavit further showed that in discussions with the government, the RBI had recommended prohibiting initial coin offerings (ICO) and VC asset funds within India. Other suggestions included an enhanced Foreign Exchange Management Act to trace VC-based investments under the Liberalised Remittance Scheme.

The scheme allows Indians to send $250,000 abroad in a year.

Share with :

All Comments (0)

No comment yet

Please login to leave a comment. Click here to Login.

Quick Links

Use Our System

Our Blockchain Services

About Us

Get In Touch

Airport Roundabout, Manhyia Road - Dichemso, Kumasi, Ashanti Region, Ghana W/A
Digital Address - AK-022-4332

+233 550 697 850

help@eBitcoinics.com

Copyright All Right Reserved - 2022

Terms Of Service | Privacy Policy | About Us

Designed & Developed by solutionsnics.com