Tagged: nischal shetty

New Crypto Ban Proposal in India Recommends Over $3 Million Fine and Up to 10 Years Prison Sentence for Entities Dealing in Virtual Currencies

Indian officials are reportedly considering passing a law that would ban the use of decentralized cryptocurrencies.  As reported by India’s Economic Times, the nation’s government might see a legal framework as being more effective than the Reserve Bank of India’s (RBI) blanket ban on crypto-assets…. Read More

Crypto Exchange WazirX’s CEO Nischal Shetty Claims Government Agencies in India are Taking More Interest in Blockchcain and Digital Assets

Nischal Shetty, founder and CEO at WazirX, an Indian cryptocurrency exchange acquired by Binance, claims that government agencies in the country have begun to take more interest in understanding and even helping to grow the nation’s nascent digital asset and blockchain ecosystem. Shetty noted via… Read More

Indian Supreme Court Orders Government to Regulate Crypto Sector Within Four Weeks

The Supreme Court of India yesterday ordered the Indian state to establish rules to govern the cryptocurrencies and sector there within four weeks, Inc42 reports. Justices Rohinton Fali Nariman and Vineet Saran also declined to hear from any more petitioners regarding an ongoing legal fight against… Read More

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