Cryptocurrency exchanges to approach Supreme Court on RBI diktat

Cryptocurrency exchanges to approach Supreme Court on RBI diktat

Cryptocurrency exchanges are set to approach the Supreme Court to seek direction on whether the Reserve Bank of India (RBI) can direct banks to stop dealing with them, despite an earlier ruling by the apex court quashing RBI’s order to ban cryptocurrencies. This comes after the RBI through an “informal” diktat asked banks to stop … Read more

How bitcoin met the real world in Africa

How bitcoin met the real world in Africa

Four months ago, Abolaji Odunjo made a fundamental change to his business selling mobile phones in a bustling street market in Lagos: He started paying his suppliers in bitcoin. Odunjo sources handsets and accessories from China and the United Arab Emirates. His Chinese suppliers asked to be paid in the cryptocurrency, he said, for speed … Read more