India: Former Legislator in Bitcoin Extortion Case Declared Proclaimed Offender
A former Member of the Legislative Assembly has been declared a “proclaimed offender” in Bitcoin extortion case Go to Source Powered by WPeMatico
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South Indian State of Kerala to Use Blockchain Tech in Food Supply, Distribution
The government of the South Indian state of Kerala will use a blockchain system to improve the supply and distribution of dairy produce, vegetables and fish Go to Source Powered by WPeMatico
Indian Government’s Cryptocurrency Panel Doesn’t Aim to Ban Bitcoin
India is a very peculiar country when it comes to cryptocurrency and blockchain technology. With a lot of conflicting reports regarding the future regulation of this industry, anything and everything could still change in the near future. It now seems the government may prepare to overturn the “ban” on cryptocurrency activity. India Continues to Surprise … Read more
India’s RBI Eyeing Own Crypto Is Sign of Potential Ban Reversal, Says Ripple Chief
Ripple’s global head of infrastructure innovation expects India’s central bank to rescind its crypto ban, based on its inquiry into own digital currency Go to Source Powered by WPeMatico
Reserve Bank of India Admits Issuing Crypto Ban Without Research
RBI, the central bank of India, has not made a proper effort to thoroughly research the nature and usage of cryptocurrencies before issuing its crypto ban. This is according to a reply sent by the bank to a Right to Information query filed by a lawyer. Copies of the communication have been distributed on social … Read more
Indian Banks Form Blockchain Consortium for Inter-Bank Transactions
Some 14 Indian banks have joined a blockchain consortium that aims to tap into the blockchain to speed up internal processes. Dubbed India Trade Connect, the consortium is six months old and will facilitate the swift issue of loans over a decentralized protocol. According to Bloomberg, the member banks account for more than 50% of … Read more
Multimillion-Dollar Cryptocurrency Scam Gets Shut Down in India
Despite the growing popularity of cryptocurrency, scams remain one of the biggest problems the industry faces today. Indian police officials recently shut down a major cryptocurrency scam which may have defrauded users for nearly two full years. It is evident that such contraptions will need to be shut down sooner rather than later, as they … Read more
Indian Crypto Exchanges Engage with RBI to Offer Banking Ban Alternatives
Indian cryptocurrency exchanges have followed the Supreme Court’s suggestion for them to present their cases to the Reserve Bank of India. They have sent letters to the central bank, offering alternatives to the RBI’s banking ban. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Supreme Court’s Suggestion Cryptocurrency exchanges in India have reportedly sent … Read more
Husband of Bollywood Star Questioned About $300 Mln Crypto Scam Involvement, Denies Allegations
Indian authorities have questioned British businessman Raj Kundra, husband of Bollywood star Shilpa Shetty, in regards to his alleged connection to a $300 mln ICO scam Go to Source Powered by WPeMatico
Police Forces Bust Alleged “New Age Cryptocurrency” Scam in India
Police in the Indian city of Thane have raided the offices of an alleged multi-million cryptocurrency scam on Monday. According to its promoters, Money Trade Coin (MTC) “provides a safer, more secure and superior alternative of storing wealth in the form of digital currency, to investors as well as commoners.” Investigators, however, accuse it of … Read more