Sentences with phrase «indian cryptocurrency businesses»
Surprisingly, no Indian cryptocurrency business came ahead with an announcement or even expressed regret over the government's myopic decision.
https://cryptotimes.news/ Not exact matches
Three days later, Business Standard reported that a committee of government officials had discussed a proposal for an Indian cryptocurrency and an unidentified source said the government might christen its cryptocurrency «Lakshmi.»
The Indian government is considering «a proposal to introduce its cryptocurrency similar to bitcoin,» reported Business Standard on Saturday.
The exchanges and other cryptocurrency businesses now have to find a way around using the services of Indian banks.
Polish Bitcoin Exchange BitBay Sails In Indian Subsoil BitBay, a cryptocurrency exchanging and trading platform based out of Poland has zeroed on India for outsourcing IT talent and expanding its business by surpassing geographical boundaries.
Economic Times, a leading Indian business daily has revealed that seven of the biggest bitcoin exchanges in India including Zebpay, Unocin and CoinSecure are planning to approach the AAR or Advance Authority of Ruling for seeking out an answer to their queries regarding the taxation structure of cryptocurrency dealings.
The latest crypto news in India comes in where Reserve Bank of India (RBI) has banned them with immediate effect from «dealing with or providing services to any individuals or business entities dealing with or settling virtual currencies» Thus, the Indian Citizens wouldn't be able to buy bitcoins or any other cryptocurrency with the help of banks or any e-wallets.
A new initiative called the Cryptocurrency Advisory Plan will be supporting Bitcoin movement for Indian traders and investors in this year's tax campaign, according to the Business Standard.
New Delhi (Sputnik)-- As cryptocurrency exchanges in India reported a business of over $ 3.5 billion in the last one month alone, major Indian banks have started suspending the accounts of some of the exchanges, according to a report published by the Indian business daily Economic Times.
The Indian cryptocurrency community has reacted swiftly to the recent Reserve Bank of India (RBI) action against it, which directed all regulated entities including banks not to provide services to businesses dealing in instruments such as bitcoin.
Contrary to many reports published this week, the decision of the RBI will not have a profound impact on the Indian cryptocurrency market, given that exchanges are still operating as self - regulated businesses.
Rilcoin founders Ms. Suzette Paulsen, US - based business women & Mr. R. Kathiriya, a businessman from Indian origin, based in the UK, came together with an idea of a decentralized asset management system backed by an innovative cryptocurrency which has all good features of fiat currency.
According to a statement released by the Indian central bank, Reserve Bank of India, regulated financial institutions in India will no longer be able to do business with any individual or company involved in cryptocurrencies.