Imagine a stock exchange operating without banking services,” says Jaideep Reddy, a technology lawyer at Nishith Desai Associates. Crypto supporters fought back. Another leading exchange Unocoin too had to face the brunt. While the founders were arrested even before launching India’s first Bitcoin ATM, the company had to downsize its staff due to the industry paralysis caused by the April 6 circular. “The 22-month long wait to get what the crypto industry was already eligible for is now But, apparently, the negative picture is now about to change. “Nishith Desai has given us a green signal to start Unocoin operations”, the exchange wrote on its website. While the logins were enabled and Unocoin wallets became accessible one day ago, the transactions will be possible from this Wednesday (8) on. The firm Nishith Desai Associates has now presented a proposal which will form part of the government’s final decision on cryptocurrency regulation. Some details from the submitted suggestions from Nishith Desai have been published which indicate that self-regulation ahead of an outright ban is recommended , as stunting the growth of cryptocurrency use in India would not be a positive step ... Binance; Kraken; Lead Generation! (+600% Your List) Category: Bitcoin.com Exchange. Posted on August 5, 2020. Orchid: Bringing Decentralization to VPNs. Whenever we browse the web, read news online, or purchase a new pair of glasses from an e-commerce store, we leave traces. These traces sometimes show us content that actually provides us with value, but more often the information we leave is ... The Supreme Court of India has reportedly given the Indian government four weeks to come up with cryptocurrency rules and regulations before making its ruling on pending crypto cases. The court ... cryptocurrency exchange that was acquired by Binance, a large Mauritius-based exchange, in November 2019, saw trading volumes go up by more than 50 percent in the last four to ﬁve months to hit $60 to 70 million a month, says co-founder and CEO Nishchal Shetty. Globally too, the monthly trading volume between the Indian rupee and bitcoin Says Reddy of Nishith Desai, “There’s no clarity that there will be a ban. It’s not a foregone conclusion. It’s merely the recommendation of a committee consisting of four officials. A ban would make India an outlier globally. Also, if a ban is decided upon, it is subject to the parliamentary process, implementation hurdles, and constitutional challenge.” Besides, banning the trade ... India's government is tough on the regulation of cryptocurrencies in the making transactions and use of digital assets in the country. This however seems to be changing as policy makers are being A lawyer representing the Internet and Mobile Association of India in its writ petition against the RBI banking ban has shared new details of the progress to lift the ban with news.Bitcoin.com.
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