Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp among 9 offshore crypto cos banned by FinMin
FIU IND has written to the Ministry of Electronics and Information Technology to block URLs of the nine crypto entities operating illegally.
FIU IND has written to the Ministry of Electronics and Information Technology to block URLs of the nine crypto entities operating illegally.
RBI had observed digital currencies “will have a de-stabilising effect on the monetary and fiscal stability of a country”, due to their volatility, the FM said.
Cryptos need to be tested out in a project mode in a sandbox environment rather than banned outright, says CII's Sanjiv Bajaj.
RBI Deputy Governor T Rabi Shankar warned that cryptocurrencies threaten the financial sovereignty of a country, making it susceptible to strategic manipulation
RBI governor Shaktikanta Das earlier cautioned that private cryptocurrency is a big threat to India's macroeconomic and financial stability.