Saturday 21 April 2018

Cryptocurrency This Week: Indian Bitcoin Exchange

Amid Indian government and authorities like the RBI trundling against Bitcoin, cryptocurrency exchanges have decided to stand up the challenge to survive the brunt. While crypto entity Kali Digital has already knocked Delhi High Court’s doors against the RBI’s recent circular, leading cryptocurrency exchange Zebpay has decided to launch crypto-to-crypto trading on its platform to reduce the dependency on banks.

After the US and many other countries convulsing Zuckerberg’s ears over data leak and trust breach issue, social media giant Facebook has toughened its stance on Bitcoin spammers. However, it is Twitter that bearing the Bitcoin brunt now. Reports suggest that spammers are duping Twitter in getting blue check verification marks which are further used to impersonate real individuals spamming users about cryptocurrencies.

Let’s take a look at the recent cryptocurrency developments!

Cryptocurrency Startup Kali Digital Eco Systems Files Petition Against The RBI
Ahmedabad-based crypto firm Kali Digital Eco Systems, which runs multi-cryptocurrency exchange CoinRecoil, has now approached the Delhi High Court against the RBI’s recent circular banning banks from dealing with cryptocurrency-related firms.

While the respondents, in this case, are the RBI, the Indian government and the GST Council, the next hearing is on May 24, 2018.

SOURCE
; INC42,
DYNHACKS TEAM

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