News by results: India

Indian Government Delays Introducing Crypto Bill

The Indian government previously told the supreme court that the country’s cryptocurrency bill may be introduced in the Winter session of parliament. However, the crypto bill is not included in the agenda published by Lok Sabha, the lower house of India’s parliament.

Top 20 Biggest Crypto Lawsuits Globally

Crypto has been the wild west of the financial world, a new frontier yet to be conquered with little to no law and order. Not long ago, people in the community used to say that if you lost Bitcoin, it’s like taking a bar of gold and shooting it into space, there is no way to retrieve it.

India Adopts Blockchain and IoT for Safe Delivery of Life-Saving Vaccines

In a bid to enhance global delivery of life-saving vaccines and eliminate wastage, Siddarth Chakravarty, a former Cisco employee and entrepreneur is developing a distributed ledger technology (DLT) based solution that enables end-to-end tracking of vaccines, reports Times of India on August 10, 2019.

40,000 Bitcoin will flood markets when India bans crypto – Zebpay CEO

The head of Zebpay – formerly India’s largest exchange – estimates 40,000 BTC will flood markets if India bans crypto outright.

Indian Supreme Court Heard Crypto Case in Depth Today

The Indian supreme court finally heard the crypto case today after postponing it several times. The court addressed the government’s crypto policy as well as the writ petitions challenging the banking restriction by the central bank. The latter was heard in some detail while the former was further delayed at the request of the government.

India: Leaked Draft Bill Would Ban All Crypto Except ‘Digital Rupee’

Draft legislation that would allegedly impose a ban on the use of cryptocurrencies in India is being circulated by local blockchain legal experts on social media.

India to Educate High-Ranking Police Officers on Cryptocurrency

India’s national police academy has launched a cryptocurrency course for high-ranking officers of the Indian Police Service. Among the objectives of the course are the functioning and legal aspects of cryptocurrencies, as well as investigations of cases involving digital coins. The Indian police continue to regularly uncover crypto-related schemes as the government deliberates on the regulatory framework for cryptocurrency.

Facebook may abort Libra launch in India

Libra, the cryptocurrency to be unveiled by Facebooknext year, will not be available in India, according to a person directly in the know, as current regulations do not permit use of the banking network for blockchain currency transactions.

Indian Government-Backed Program Offers Crypto and Blockchain Course

An Indian government-initiated program is offering a course for undergraduates to learn about cryptocurrency, blockchains, and their use cases. This 12-week interactive course is free to enroll and learn from. Among the topics covered are Bitcoin basics and consensus. Meanwhile, India’s regulatory framework for cryptocurrency is reportedly ready.

Indian Telecom Firms Set to Deploy Anti-Spam Blockchain Solutions

Major Indian telecom service providers including Vodafone Idea, Reliance Jio, and Bharat Sanchar Nigam Limited (BSNL) are poised to roll out blockchain-powered solutions to tackle the widespread menace of spam calls and messages faced by more than a billion mobile phone users in India. This according to a report by The Economic Times, May 27, 2019.

Indian IT Giant Tech Mahindra to Use Samsung's Nexledger Blockchain: Local Media

Samsung SDS has reportedly agreed to cooperate with Indian IT giant Tech Mahindra in an attempt to enter the overseas blockchain market, The Korea Times writes Sunday, April 14.

Indian Supreme Court Postpones Crypto Case at Government's Request

India’s supreme court has postponed hearing the crypto case at the request of the government’s counsel. The court was expecting to hear about the country’s cryptocurrency regulation today before proceeding to address the banking ban by the central bank. However, the case has now been postponed.

India’s Federal Bank to offer blockchain based remittance solutions to NRIs

Federal Bank, an Indian private sector bank, on Thursday launched two technology-based remittance variants in the UAE enabled through partner exchange houses and banks for making remittances to India.

Cryptocurrency named after India’s ‘Who Wants to Be a Millionaire?’ ends in $250K scam

Indian government can set as many restrictions on cryptocurrency trading in the country as it wants, but it seems the local fraudsters and con artists can’t be deterred.

Indian Trade Association Calls for Fast Crypto Regulation to Drive Growth

The Indian National Association of Software and Services Companies (Nasscom) has released a report that calls for regulatory certainty, particularly in areas such as cryptocurrency. The lack of legal clarity and the crypto banking ban have hindered investments in this sector, hurt crypto exchanges, and driven investors out of the country, according to the association.

India: Bank Blockchain Consortium Targets Improvements to Small Business Financing

Banks in India are collaborating on a new blockchain platform to remove financing hurdles for micro, small and medium size businesses (MSMEs), local daily news outlet Economic Times reported Jan. 28.

Indian Government Finalizing Crypto Regulatory Framework

The Indian government has reportedly confirmed that the report containing a regulatory framework for cryptocurrencies by an inter-ministerial committee is being finalized. This confirmation is in response to a Right to Information filing by a local news outlet.

India: Banking Research Institute Issues Blueprint on Blockchain Implementation

India’s Institute for Development and Research in Banking Technology (IDRBT) has published a blueprint on blockchain implementation in the banking sector, Indian daily newspaper the Financial Express reported on Tuesday, Jan. 22.

Indian Supreme Court Pushes Crypto Case Against RBI to End of February

The Indian supreme court was scheduled to hear the petitions against the crypto banking ban imposed by the country’s central bank, the RBI, on Tuesday after repeatedly postponing it last year.

Indian Cryptocurrency Exchange in 45 Countries Sees Strong Demand in Venezuela

An Indian cryptocurrency exchange, which is now live in 45 countries, reports that it is “seeing immense enthusiasm and buyer activity in Venezuela,” a spokesperson for the exchange told news.Bitcoin.com. Compared to other countries, “Venezuelans are looking more at the longer-term yield of bitcoin.”