India’s Central Bank Quietly Forms New Cryptocurrency, Blockchain Research Unit

The Reserve Bank of India (RBI) has reportedly established a new internal unit dedicated to researching and regulating new emerging technologies, specifically cryptocurrency, blockchain and artificial intelligence (AI). Holding back on a formal announcement, the RBI has discreetly formed a new unit to research and possibly supervise disruptive technologies through draft rules in the future, The post India’s Central Bank Quietly Forms New Cryptocurrency, Blockchain Research Unit appeared first on CCN

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Pakistan Central Bank Bans Banks from Cryptocurrency, ICO Transactions

Pakistan’s central bank has told banks and other financial services providers not to support virtual currency transactions. The State Bank of Pakistan (SBP) advised the general public in a statement on its website and in a tweet that it regulates both domestic and international payment and money transfer services.   Pakistan’s announcement on Friday follows The post Pakistan Central Bank Bans Banks from Cryptocurrency, ICO Transactions appeared first on CCN

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India Bans Banks from Processing Cryptocurrency Purchases

Indian residents can no longer purchase cryptocurrency through their bank accounts, according to new measures adopted by the country’s central bank. The sweeping policy, announced on Thursday by the Reserve Bank of India (RBI), prohibits RBI-regulated institutions from allowing their customers to purchases cryptocurrencies, and it also bars banks from providing services to businesses “dealing The post India Bans Banks from Processing Cryptocurrency Purchases appeared first on CCN

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