“Two-week Deadline For RBI”
India’s Supreme Court has slammed the country’s central bank over its handling of a cryptocurrency business ban and ordered it to address complaints. In the latest session of an ongoing hearing into the actions of the Reserve Bank of India (RBI) on Aug. 21, the court ruled that officials had not appropriately responded to concerns from the cryptocurrency industry over its actions. The RBI forbade banks from servicing crypto operators such as exchanges in July 2018 — effectively stopping such platforms from continuing to operate in India. On Wednesday, the move came in for severe criticism from Supreme Court Justice Rohinton Fali Nariman.
“Mobile Operator Giant In Austria To Accept Crypto Payments”
One of the largest mobile providers in Austria is planning to accept cryptocurrency for payment at certain store locations. A1, which services some 5.1 million mobile and 2.1 million fixed lines across Austria, is testing cryptocurrency payments at store locations across Austria. Dash, ethereum, litecoin, stellar and XRP will be available for payment, according to a report by Austrian tech news site Futurezone. Founded in 1881, A1 serves 5.1 million of the current 6.2 million Austrian mobile phone users.
“Tether To Launch A CNY-backed Stablecoin”
Tether, the issuer of the stablecoin USDT, is preparing to launch a new stablecoin pegged to the Chinese yuan. According to Chinese news site ChainNews, the token, CNHT, will be launched soon—though no official date was provided. Its investors will reportedly include Zhao Dong, who holds shares in Tether’s sister company, Bitfinex. Tether has already launched its flagship stablecoin on several blockchains, including Bitcoin, Ethereum, EOS, Tron and Algorand. But so far, Tether is only pegged to the US dollar and the euro.
“Kraken To List New Tokens”
Kraken, a popular U.S.-based trading platform, has announced the listing of Waves (WAVES) and Basic Attention Token (BAT) on August 22. According to the official announcement, the exchange will enable deposits and withdrawals for both assets at approximately 13:30 UTC on August 22. The announcement also points out that the first trade executions will take a bit longer because sell orders cannot be placed until deposits are credited. Previously Kraken announced a new service that will allow its users from all over the world (up to 180 countries) to make deposits in U.S. dollars, euros, Canadian dollars, pounds sterling and Japanese yen.