Reserve Bank of India to Study Blockchain

As reported, by September the Supreme Court of India will issue a set of bills regulating the cryptocurrency industry
27 August 2018   1444

The Reserve Bank of India (RBI) has formed a unit to study new technologies, including blockchain, cryptocurrency and artificial intelligence. This is reported by The Economic Times with reference to a source familiar with the plans of the regulator.

As the newspaper notes,  the newly created group will probably be engaged in developing technology-related bills and will monitor the introduction of innovations in the country in the future. Official commentsfrom RBI have not yet been received.

By September the Supreme Court of India will issue a set of bills regulating the cryptocurrency industry. An official from the Ministry of Finance said that future regulations will not include a direct ban on crypto-currencies.

Despite the uncertainty of the cryptocurrency regulation in India, in July the Huobi exchange announced the launch of the P2P platform for trading digital assets in a pair with the rupee.

Binance to Add WeChat and Alipay Support

According to the anonymous sources of The Block, the feature is in the testing stage for Android users
10 October 2019   114

Binance Exchange will add support for the largest Chinese payment systems WeChat and Alipay.

Referring to informed sources, The Block reported that this option is currently being tested for Android users, and will soon become available for iOS and the desktop version of the trading platform.

Note that in China, the activities of cryptocurrency exchanges were officially banned at the end of 2017. However, residents of the country are actively using P2P and OTC platforms to buy bitcoin.