Currency Ban In India
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Thailand Takes Decision to Ban Unlicenced Crypto Exchanges to Prevent Online Crime
This week, the Securities and Exchange Commission of Thailand released a public order that said that it was coordinating with the Thai government to block unauthorised providers of digital assets services.
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Banned Currency Notes With Face Value Rs 47 Lakh Seized In Madhya Pradesh
Gwalior police caught a man with Rs 47 lakhs of banned currency notes of Rs 500 and Rs 1,000 in the district, a police official said on Monday.
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"Notebandi," Says Opposition. "Rs 2,000 Notes Will Remain Valid," Says BJP
Opposition leaders have criticised the government over the central bank's announcement that it will withdraw Rs 2,000 notes from circulation. They have compared the move to the overnight ban of high-value currency notes in November 2016.
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Cash Circulation In Public Nearly Doubled In 6 Years Since Notes Ban
Six years after the shock move to ban 86 per cent of the currency in circulation, cash is still the king with official data showing close to doubling of cash with the public.
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Notes Ban Upheld: 5 Big Quotes From Supreme Court Verdict
The Supreme Court today upheld the demonetisation of Rs 1,000 and Rs 500 currency notes. Justice BV Nagarathna dissented as the four other judges of the five-judge bench ruled in favour of the Centre's 2016 exercise.
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Video: On Demonetisation Anniversary, Rahul Gandhi's "PayPM" Swipe
Congress says demonetisation of high-value currency notes in 2016 was India's "greatest organised loot" and demands White Paper from Modi government
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PM Modi On 500-Rupee Note? BJP Leader Has This Suggestion And 3 More
Maharashtra BJP MLA Ram Kadam added Prime Minister Narendra Modi and Hindutva ideologue VD Savarakar to mix as he suggested four new currency notes in a race set off by Arvind Kejriwal's demand to put Hindu deities' images on the notes.
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India Calls for Global Support to Regulate Crypto as RBI Favours Ban, Details Here
Indian finance minister Nirmala Sitharaman told the parliament on Monday that the RBI favours a ban on cryptocurrencies. The development comes at a time when the tax laws around virtual digital assets went live in India, slashing trade volumes on Indian exchanges. At this point, India still awaits laws on the crypto sector.
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Ex-Bank Officer Gets 7 Years Jail For Illegal Exchange Of Banned Notes
A special court in Bengaluru has sentenced a former employee of erstwhile State Bank of Mysore (now merged with SBI) to seven years of imprisonment for illegal exchange of demonetised currency notes in November 2016, officials said here on Tuesday.
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Digital Rupee: ‘We See Clear Advantages in a Central Bank Driven Digital Currency’, Finance Minister Says
Union Finance Minister Nirmala Sitharaman said the “Digital Rupee” is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency.
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RBI's Views Might Have Delayed Crypto Bill: Deputy Governor Michael Patra
RBI Deputy Governor Michael Patra said the central bank's views about cryptocurrencies might have delayed the government's proposed legislation on crypto assets.
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Union Budget 2022: Digital Rupee Using Blockchain Technology to Be Launched by RBI in 2022-23
India will be getting its blockchain-backed digital currency this year, Finance Minister Nirmala Sitharaman said in her Union Budget speech on February 1, 2022. The Central Bank Digital Currency or CBDC will be regulated by the Reserve Bank of India. While Sitharaman did not announce any plans of banning the crypto sector, she did reveal a tax on c...
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Cryptocurrency Transactions Should Be Completely Banned in India, Swadeshi Jagran Manch Demands
RSS-affiliate Swadeshi Jagran Manch passed a resolution demanding that the central government completely ban buying, selling, investing, and otherwise dealing in cryptocurrencies by any person in the country.
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Crypto Not Recognised As Legal Currency, To Be Regulated In India: 5 Points
The proposed cryptocurrency bill has suggested regulation of private cryptocurrency rather than banning it, according to a Cabinet note circulated by the government. Crypto is not recognised as legal currency in India yet, as per the note.
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Coinstore Cryptocurrency Exchange Enters India Despite Fear of Ban on Virtual Currencies
Coinstore crypto exchange headquartered in Singapore has entered the Indian market despite concerns that the government might ban the trade of most private cryptocurrencies in the country.
-
Thailand Takes Decision to Ban Unlicenced Crypto Exchanges to Prevent Online Crime
This week, the Securities and Exchange Commission of Thailand released a public order that said that it was coordinating with the Thai government to block unauthorised providers of digital assets services.
-
Banned Currency Notes With Face Value Rs 47 Lakh Seized In Madhya Pradesh
Gwalior police caught a man with Rs 47 lakhs of banned currency notes of Rs 500 and Rs 1,000 in the district, a police official said on Monday.
-
"Notebandi," Says Opposition. "Rs 2,000 Notes Will Remain Valid," Says BJP
Opposition leaders have criticised the government over the central bank's announcement that it will withdraw Rs 2,000 notes from circulation. They have compared the move to the overnight ban of high-value currency notes in November 2016.
-
Cash Circulation In Public Nearly Doubled In 6 Years Since Notes Ban
Six years after the shock move to ban 86 per cent of the currency in circulation, cash is still the king with official data showing close to doubling of cash with the public.
-
Notes Ban Upheld: 5 Big Quotes From Supreme Court Verdict
The Supreme Court today upheld the demonetisation of Rs 1,000 and Rs 500 currency notes. Justice BV Nagarathna dissented as the four other judges of the five-judge bench ruled in favour of the Centre's 2016 exercise.
-
Video: On Demonetisation Anniversary, Rahul Gandhi's "PayPM" Swipe
Congress says demonetisation of high-value currency notes in 2016 was India's "greatest organised loot" and demands White Paper from Modi government
-
PM Modi On 500-Rupee Note? BJP Leader Has This Suggestion And 3 More
Maharashtra BJP MLA Ram Kadam added Prime Minister Narendra Modi and Hindutva ideologue VD Savarakar to mix as he suggested four new currency notes in a race set off by Arvind Kejriwal's demand to put Hindu deities' images on the notes.
-
India Calls for Global Support to Regulate Crypto as RBI Favours Ban, Details Here
Indian finance minister Nirmala Sitharaman told the parliament on Monday that the RBI favours a ban on cryptocurrencies. The development comes at a time when the tax laws around virtual digital assets went live in India, slashing trade volumes on Indian exchanges. At this point, India still awaits laws on the crypto sector.
-
Ex-Bank Officer Gets 7 Years Jail For Illegal Exchange Of Banned Notes
A special court in Bengaluru has sentenced a former employee of erstwhile State Bank of Mysore (now merged with SBI) to seven years of imprisonment for illegal exchange of demonetised currency notes in November 2016, officials said here on Tuesday.
-
Digital Rupee: ‘We See Clear Advantages in a Central Bank Driven Digital Currency’, Finance Minister Says
Union Finance Minister Nirmala Sitharaman said the “Digital Rupee” is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency.
-
RBI's Views Might Have Delayed Crypto Bill: Deputy Governor Michael Patra
RBI Deputy Governor Michael Patra said the central bank's views about cryptocurrencies might have delayed the government's proposed legislation on crypto assets.
-
Union Budget 2022: Digital Rupee Using Blockchain Technology to Be Launched by RBI in 2022-23
India will be getting its blockchain-backed digital currency this year, Finance Minister Nirmala Sitharaman said in her Union Budget speech on February 1, 2022. The Central Bank Digital Currency or CBDC will be regulated by the Reserve Bank of India. While Sitharaman did not announce any plans of banning the crypto sector, she did reveal a tax on c...
-
Cryptocurrency Transactions Should Be Completely Banned in India, Swadeshi Jagran Manch Demands
RSS-affiliate Swadeshi Jagran Manch passed a resolution demanding that the central government completely ban buying, selling, investing, and otherwise dealing in cryptocurrencies by any person in the country.
-
Crypto Not Recognised As Legal Currency, To Be Regulated In India: 5 Points
The proposed cryptocurrency bill has suggested regulation of private cryptocurrency rather than banning it, according to a Cabinet note circulated by the government. Crypto is not recognised as legal currency in India yet, as per the note.
-
Coinstore Cryptocurrency Exchange Enters India Despite Fear of Ban on Virtual Currencies
Coinstore crypto exchange headquartered in Singapore has entered the Indian market despite concerns that the government might ban the trade of most private cryptocurrencies in the country.
