Reserve Bank of India Archives

Cryptocurrency Exchange Kraken Announces ‘Recommitment’ To Indian Market

March 11, 2020

Cryptocurrency exchange Kraken has announced its recommitment to Indian markets following a Supreme Court ruling made last week. According to a blog post published Mar. 9, Kraken is planning to expand its pr...

Indian Bank Closes Customer’s Account for Bitcoin Transaction

January 15, 2019

In an attempt to crack down on crypto-related transactions, Kotak Mahindra Bank, a major private retail bank in India, has issued a “Termination of Account” letter to one of its account holders. The report s...

Indian Central Bank Shelves Plan to Launch Cryptocurrency

January 3, 2019

The Reserve Bank of India (RBI) has shelved its plan to launch a national cryptocurrency, according to a local business news outlet Business Line. Last year in April, the Indian central bank first floated th...

Reserve Bank of India Quietly Opens Cryptocurrency Research Unit

August 27, 2018

The Reserve Bank of India has formed a cryptocurrency research unit, according to the Economic Times of India. According to sources familiar with the matter, the unit was formed without announcement, and is ...

Reserve Bank of India Bars Banks from Cryptocurrency Transactions

April 5, 2018

India’s central bank has banned financial institutions from dealing with cryptocurrency exchanges, in what some Indian enthusiasts described a restrained first step towards imposing an outright ban on the vir...