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After being engaged in a bitter legal fight with the country’s crypto operators, the Reserve Bank of India is reportedly setting up a new unit that will monitor emerging technologies such as blockchain, cryptocurrencies and artificial intelligence. The unit will lead the RBI’s efforts to stay ahead in the fast-evolving sector and spearhead supervision efforts … Read more
A recent study indicates that the blockchain craze isn’t dying out yet. Buoyed by its findings, media and experts in India have commented that the country can become one of the leaders in the field. Also in The Daily, an Australian university now offers an online blockchain programming course, Russia has announced a plan to create … Read more
An Indian cryptocurrency exchange has come up with a new method to allow its users to deposit and withdraw rupees despite the crypto banking ban by the country’s central bank. The exchange also guarantees that rupee requests will be processed within 30 minutes or the user will receive ten free XRP credited to their account. … Read more
Sources have told Indian media the country’s central bank is keen on working out “what can be adopted and what cannot” with crypto and blockchain Go to Source Powered by WPeMatico
The central bank of India has reportedly formed a special unit tasked to track emerging technologies such as those related to cryptocurrencies. Its members will be expected to research, draft rules, and, in the future, supervise the development of digital assets, blockchain and artificial intelligence applications. Also read: Report: North Korea to Hold a Crypto … Read more
Since the Reserve Bank of India (RBI), the country’s central bank, banned banks from providing services to cryptocurrency businesses, traders are increasingly trading on peer-to-peer (P2P) platforms. Local crypto exchanges have come up with a number of exchange-escrowed P2P solutions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Localbitcoins Trading volumes in both the … Read more
Decentralized ID platforms can gives us control over our online identities, but face problems of centralization, government resistance, and Facebook dominance Go to Source Powered by WPeMatico
Indian police have arrested a man who was allegedly involved in promoting the Bitconnect investment scam Go to Source Powered by WPeMatico
Alleged India Bitconnect head, Divyesh Darji, was arrested this week at a airport in Delhi as he arrived from Dubai. He and conspirators are accused of bilking millions of dollars (Rs 88,000 crore) from Indian investors seeking to find financial refuge during the government’s demonetization campaign. Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots … Read more
The Indian government previously planned to submit the proposal for crypto regulations in July. However, a senior official has revealed that the regulatory framework for cryptocurrencies in India has been delayed and will likely be ready by the year’s end. Meanwhile, the government is reportedly considering “launching crypto tokens for financial transactions.” Also read: Yahoo! Japan … Read more
