Reuters-cited documents show India’s central bank still wants banks and financial institutions barred from holding, trading, or taking exposure to crypto assets and private stablecoins, with tax authorities backing tighter controls.
India’s crypto market is gaining momentum after the RBI banking restriction was lifted, with several exchanges lowering fees to attract new users interested in bitcoin and other digital assets.
India’s Supreme Court decision to overturn the RBI banking restriction revived interest from exchanges, investors, and startups, with firms such as Kraken, Binance-linked Wazirx, and Hashcash signaling expansion or capital commitments.
India's Supreme Court struck down the RBI's banking ban, sparking renewed interest. Kraken recommits, Binance expands via WazirX, and Hashcash plans $10 million investment, positioning India as a crypto hotspot.
India’s crypto sector is regaining momentum after the Supreme Court struck down the RBI banking restriction, drawing renewed interest from exchanges, service providers, and investors worldwide.
The popular Indian TV show 'Kaun Banega Crorepati' (Who Wants to Be a Millionaire) featured a question about Facebook's Libra and host Amitabh Bachchan explained cryptocurrencies to millions, sparking excitement in the local crypto community.
