Indian Bank Forcing Customers to Agree to Anti-Cryptocurrency Policy

An Indian bank is reportedly forcing customers to agree that they “will not deal with any transactions related to cryptocurrency including bitcoins” when signing up for an account. In addition, there are reports of banks blocking accounts of their existing customers if they are found to have made crypto-related transactions. Account Opening Agreement Amid banking restrictions imposed by India’s central […]

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Interim Injunction application against RBI Circular on Cryptocurrency denied by Indian SC

According to a tweet posted  on May 11 by Crypto Kanoon, India’s Supreme court has declined the grant of interim injunction against the Reserve Bank of India (RBI) in an application seeking actions on a circular banning banking services for companies dealing in cryptocurrency. Crypto Kanoon are a group of lawyers who came together to analyse the crypto regulations in […]

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Pakistan’s Urdubit Exchange Shuts Down After Crypto Ban

Urdubit, a leading Pakistani bitcoin exchange, has closed down permanently. The news came after the central bank of Pakistan announced a ban on dealings with cryptocurrencies. The trading platform urged customers to withdraw their funds “as fast as possible”. Its team confirmed on social media its operations had been suspended due to the prohibition of crypto transactions. Other exchanges have […]

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