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Latest Cryptocurrency News 88 Views

Cryptocurrency Exchanges Say Payment Gateways Have Blocked Their Transactions

Cryptocurrency exchanges claim that payment gateways block crypto transactions. A few days later, ET reported that ICICI bank was moving away from bitcoin or other cryptocurrencies. Bank ICICI on Thursday last week notified certain payment gateway operators to shut down online banking services for merchants who directly or indirectly participate in cryptocurrency transactions.

On Tuesday, Nischal Shetty, CEO of cryptocurrency exchange Wazirx, took to Twitter to express concern over the bank’s rejection of crypto transactions. He said the Supreme Court cited the Reserve Bank of India’s 2018 ban on banks’ cryptocurrency transactions lifted in 2020.

An executive at another crypto news¬†platform, who said not to nominate, also said that despite Supreme Court instructions, the bank asked the payment gateway to block these transactions. “I ask Indian banks to update their compliance team on the Supreme Court ruling which awaits notifications from the Reserve Bank of India on cryptocurrencies,” Seti wrote on Twitter. “The Indian Supreme Court has explicitly approved the cryptocurrency industry, but the bank has refused to provide industrial banking services. It’s unfair.”

Latest Cryptocurrency News

From Banks

According to cryptocurrency executives telling them not to name it, ICICI Bank is one of the last major lenders to provide services to cryptocurrency exchanges. However, they said they closed the company’s current account two weeks ago. They added that other big banks should stay there as well. Reserve Bank of India ICICI Bank did not respond to ET inquiries.

It is not clear why banks have started to impose recent regulations. Executives of large payment gateway companies have said that in the case of the increase in penny token investment activity by individual investors and the increase in advertising activity in the crypto news industry, the number of users entering an unregulated industry may be a possible reason to protect investors.

He added that shutting down alliances is a mechanism that banks’ risk and compliance teams can adopt to minimize transactions. “Hopefully the government can step in to establish a framework for these cryptocurrency exchanges and transactions.” A few days ago, the ET company said, “The bank does not provide PG services to all member stores engaged in cryptocurrency or exchange transactions. I am under strict instructions which I do not.

Crypto exchanges in India could crash if the bank’s partners continue to ban the execution of crypto-related transactions on payment gateways. The CEO of the cryptocurrency exchange said, “We are using safeguards, but it could stagnate as it persists.”

bitcoin 367 Views

Impact of bitcoin on other industry

Bitcoins have digital format that makes the work easier, cheaper and faster exchange of cash. This is not similar to any forms of digital money. They are designed in the crypto currencies at digital platform. You need not deal with any other person, you can trust technology. It is not an easy task to have safe and secure the money. The major advantages of using bitcoins are irreversible. After you confirm the transaction, nobody can reverse; it is effective since they are unable to hack. The technology used here is cloud technology. This does not allow people to hack easily. You can store large amount of a data in cloud.  They request for private and public keys will happen only inside the cloud. Wallets are helpful for storing coins. The software that is designed to store and run on desktop computer, laptop and movies, millions of people invest on this because of its safety measures.

You can easily download the wallet on your computers which are officially termed as bitcoin wallet. They will receive, store and send your bitcoin converter in the network. You can easily copy and paste the number address. It will easily go off and create QR code. Instead of wallet addresses you can also do code scanning which is recently used in the market for easy transactions. Every transaction that you make is broadcasted and recorded. The entire system costs high on supporting and checking the network. This wallet serves as your personal wallet and supports your system.

bitcoin exchange 440 Views

Right place to exchange your bitcoin

Are you wonder to learn about Bitcoin? This short discussion can help you learning few terms about it. Bitcoin is the type of electronic money, which is autonomous from traditional banking. The bitcoin usage has practised since earlier time, but its usage gets increased in the greater range in the present time. The major reason is the range of the bitcoin. The value of bitcoin has increased in the greater amount and this made many to show interest on it.

bitcoin exchange

Buying and earning bitcoin has not become hard in the present time, but one has to invest their money on the right type of bitcoin. Bitcoin are come in different types and the value of the types would differ. Hence one has to be very clear before investing on the bitcoin. This means, one has to choose the best type of bitcoin. Are you anxious about changing your bitcoin? Then you should look for the proper place. The bitcoin exchange would be the best option.

The option of exchange would differ based on the place where you use. It is always necessary to choose the reliable and trusted place to exchange your bitcoin. Choose the right place, where more bitcoins are in circulation. Have a look into the website that mentioned over here. This can help you to exchange your bitcoin easily. The place can also let the people to earn more bitcoin and enjoy buying more over here. Learn more by getting into the link.


btc price chart 471 Views

What is the role of blockchain in bitcoin?

As we all know that bitcoin is the channel that makes everyone enjoy with digital currency ruling. As these days currency based on country has huge fluctuation and many country based currencies are having least vale in world. So earning just the country based amount does not help in future. As, digital currency has started to rule the world with lots of advantages of every investor, there may be changes with currency usage. People may get to use everything over online and digital coins may be the only source to trade anything. Thus bitcoin is one the top digital currency that holds huge market value. If you want to buy anything over internet with bitcoin, it is most probably the preferred option. We can easily make the transactions over internet and start earning more.

btc price chart

All these being packed with bitcoin, how the account of transaction are maintained. Every people look around to find the role of blockchain. It is the ledger technology that holds every transaction details. The btc price chart is handled within this technology and the price variation is loaded through each account ledger. This concept has the main role within online virtual currency trading. The account history and the amount every individual hold are included within this perception. Being a online trader, it is essential to understand this concept and learn through each progression. The role of blockchain is mandatory to maintain every transaction and revert back for every progress with bitcoin. Stay in trading bitcoin area to get more updates.

Bitcoin price 529 Views


We must accept the idea of bitcoins in all ways.It deserves to be a better option. It has already proved its points that it is worthy to be around. Bitcoins have made many people rich. There are those who could not make it moneywise until they tried bitcoins.It is all about technology.The software of bitcoins was launched in 2009. This may sound t be very recent.But the much that it has done is just but a lot. This is why many people are now talking about bitcoins. The Bitcoin price has its real value. We are really proud of this technology.It is just all over. Technology has transformed our lives completely.Our society is now changed. Our cultures are changed. Our life has really improved. Bitcoins are really precious. We praise and acknowledge what technology has done for us. We appreciate and recognize it. It has really helped us. Technology came from far.IT is no part and parcel of us.

Bitcoin price

Our lives are our own.Let us use technology like never before.This is the only time to make a big difference. Technology has really proved its worth.The coming of technology meant that man must have been very determined to remain a changed person. We accept and appreciate what technology has done to us. It brought the idea of software which brought the bitcoins.The reality is here with us.We cannot undo it.Bitcoins are ours to us.Our lives now rotate around bitcoins. The illegal transactions must be dealt with accordingly.We must ensure that we track and arrest the criminals behind the illegal transactions of bitcoins. We are really concerned about the loopholes. They take advantage of technology and steal money.They are just after easy money. Let us be sure that we are protected. The coming of bitcoins had increased variety on the side of money options.People can have alternatives to getting money.Our chances of stabilizing our economies have come. The changes meant advancement WE have really developed as a community. We can now opt to do many things in the form of money making. We all should learn how to make money .It one of the best assets that we can have.