Over 16000 Indians Sign Petition Against “Irrational” RBI Crackdown

The Indian cryptocurrency community has reacted swiftly to the recent Reserve Bank of India (RBI) action against it, which directed all regulated entities including banks not to provide services to businesses dealing in instruments such as bitcoin. Both entrepreneurs and everyday users came out on …
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Over 16,000 Indians Sign Petition Against “Irrational” RBI Crackdown (news.bitcoin.com)

Cryptocurrency users in India are using the internet to voice their protest over a recent crackdown by the country’s central bank. Instead of allowing it to be stifled, petitioners call on the government to help cultivate the new ecosystem which can benefit India in various ways.   
Also Read: ADS Securities Adds Bitcoin Cash

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Bitcoin steadies as investors watch for news on US crackdown on ICOs

An ICO is a fundraising method in which a company issues its own cryptocurrency, often in exchange for bitcoin. The SEC has had its eye on the industry for a while — in December, a new cyber unit halted an allegedly fraudulent ICO. Some $ 6.5 billion was raised last year in the industry, which has been …
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Bitcoin price falls below $6000 as banker signals crackdown

The price of bitcoin fell below $ 6,000 (£4,300) for the first time this year as a leading central banker said it posed a threat to financial stability and signalled a global clampdown on the cryptocurrency. The new head of the Bank for International Settlements, Agustín Carstens, said bitcoin had become a …
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Bitcoin crackdown by Lloyds bank as customers are banned from buying cryptocurrency with credit …

The price of Bitcoin has plummeted by more than 57 per cent from £14,000 in December to less than £6,000. Lloyds bosses now fear they could end up footing the bill for unpaid debt should the price fall any further. So credit card customers of Lloyds, which includes Halifax, Bank of Scotland and MBNA, …
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Crackdown on Bitcoin Hits Businesses in Bali (news.bitcoin.com)

Having issued a stark warning to “all parties” against any use of “virtual currency”, Bank Indonesia has now joined forces with local police to prevent bitcoin transactions where they are most likely to take place – in Bali. The island, a popular holiday destination with tourists spending both fiat and crypto, has been targeted by authorities. Inspections of businesses accepting bitcoin are underway, according to Indonesian media and the crypto community in the country.

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