Crypto Operations Restrictions May be Lifted in India

Companies affected by the decision of the Indian central bank, intend to challenge it in the Supreme Court on July 20
14 June 2018   1023

The restrictions imposed by the Reserve Bank of India on operations with digital assets can be lifted in the nearest future. This is reported by The Economic Times.

A special government commission opposed the ban on cryptocurrency in the country. In general, the Indian authorities can allow the circulation of the cryptocurrency, but "with some reservation".

As reported, on April 6, RBI through its notice titled ‘Prohibition on dealing in virtual currencies’, mandated banks, e-wallets and payment gateway providers to withdraw support for crypto-currency exchanges and other businesses dealing with virtual currencies (VCs) in India 

Companies affected by the decision of the Indian central bank, intend to challenge it in the Supreme Court on July 20.

Thus, the government group and a number of cryptocurrency companies do not support the decision of the Reserve Bank of India, because they are convinced that it was accepted without any research of the industry. In turn, the representatives of the Central Bank still could not clearly explain why they blocked bank accounts of crypto exchanges.

Poloniex Wants to be Tron Super Representative

If the exchange will be elacted, it will be able to participate in the distribution of awards for one and a half million TRX daily
18 November 2019   86

The Poloniex cryptocurrency exchange this Monday announced the nomination of its candidacy for the role of validator in the blockchain project system TRON.

If successful, the exchange will be able to participate in the distribution of awards for one and a half million TRX daily. At the time of publication, she ranks 92nd in the general list of candidates with 32,626 votes, while the last super-representative in the 27th position has 262,320,639 of them.

Some time before, Poloniex opened several trading pairs for the TRX exchange and announced an official collaboration with Justin Sun's project.