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Posts tagged as “Ban”

Crypto is not currently Prohibited in India: Ministry of Finance

In Rajyasabha, Minister of State to Ministry of Finance Anurag Singh Thakur answered “No” to a question whether Government has prohibited crypto currency in India. It has been a roller coaster ride for Indian Crypto community this past week that started with the leak of the alleged draft of a bill for banning cryptocurrencies. However, Crypto lovers in the country can now calm down given that a minister in the…

Writ Petition 1071/2017 filed by Siddharth Dalmia for Banning Cryptocurrencies

Back in November 2017, Advocate Siddharth Dalmia filed a petition in Supreme court asking for a complete ban on cryptocurrencies such as Bitcoin, Litecoin, Ethereum, etc. Here is the copy of the petition. We removed the advertisement to remind you about supporting Coin Crunch India. Donate to Keep News Free from influence, research oriented and exclusive on Coin Crunch India. Click here to Donate.

Reports on India’s Cryptocurrency Ban Confusing, not clarifying

Think for a minute, how many uses can you find for the word ‘use’? Now, think of the uses in the context of cryptocurrencies.  Bitcoin can be ‘used’ to buy things.  It can be ‘used’ as a store of value. Bitcoin can be ‘used’ for peer to peer transfer of value (money) Cryptocurrencies can be ‘used’ to buy and sell more cryptocurrencies My brain came up with these four, your…

Fact Check: Can India Ban and make it punishable to hold Bitcoin, Crypto?

In the last couple days, two news reports have stated how Indian government is coming up with their own digital currency or a list of “approved” cryptocurrencies that you can keep and the ones you cannot. If you haven’t read them, let us refresh your memory with a couple of screenshots.  There are two possibilities. India can ban cryptocurrencies or India can regulate them. I would like to talk about…

Telegram Founder Durov Pledges Millions in Donation to Russian Companies that run Proxies and VPN

Telegram Messenger service has been down in Russia for over 24 hours following Telegram’s refusal to handing over the encrypted keys of users to government. A Russian government agency said on Monday that it had sent a notice to telecommunications providers to block Telegram. The order came from the Federal Service for Supervision of Communications, Information Technology and Mass Media. Last Friday, a Russian court ruled against the messaging service.…

No the New Ban on Unregulated Deposits do not mean Ban on Bitcoin

Straight to the point. Today Cabinet approved a new Bill to “Ban Unregulated Deposit Schemes and Chit Funds (Amendment) Bill”, 2018. And as I had hoped the headlines like “Ban on Ponzi like cryptocurrency” started popping up faster than I can write the name of the bill. I am going to save my hatred for the mainstream media for now. For now, let me explain how this does not mean…

Why having a Higher Deposit and Withdrawal Fee is a Good Idea for Cryptocurrency Investors

I am sure you are aware of the recent thwarting of Instant Deposits and Withdrawals in Cryptocurrency exchanges and the high fee for payment gateway led deposits and withdrawals. This have probably led to a lot of frustration in you. The market is bullish and a halt on instant deposits and withdrawals mean an opportunity lost for day traders. More so for arbitragers who used the instant deposit and withdrawal…