Search Results for: India

India: TCS announces new crypto services solution, Quartz

TCS India Announces New Crypto Services, Quartz

India has an active crypto-community with numerous crypto-companies striving to develop the space. And working with regulators to develop appropriate guidance. After the Supreme Court overturned the Central Bank ‘s ban on banking, the crypto business got a new lease of life and the country also saw interest from many others in starting a new […]

Women arrested for stealing $480,000 BTC from crypto exchange Bitcipher

Indian Woman Arrested for Stealing Bitcoin (BTC) from Crypto Exchange

Indian woman living in Bengaluru on March 17 was arrested with a proof for allegedly stealing 63.5 bitcoins from Bitcipher Labs. Reports suggest that she is the woman who co-founded the crypto exchange platform Bitcipher Labs in its early days. The thefts took place in two different days: on January 11 and March 11 respectively. […]

bitcoin businesses in India

Indian Ministry Reveals Investigations into Bitcoin Businesses

A filing submitted in the lower house of India’s parliament – the Lok Sabha – has revealed an investigation into fraudulent practices by so-called “bitcoin companies” operating in the country. An official question was submitted by center-left parliamentarian Mohammed Faizal and was answered by Minister of State for Finance and Corporate Affairs Anurag Thakur on […]

Binance and WazirX sets up $50M

Binance & WazirX Sets Up $50M Indian Blockchain Fund to Foster Growth

Global decentralized cryptocurrency exchange Binance Group and WazirX are going to share the same stage to foster the growth of the Indian startup ecosystem. The collaboration has set up a $50 million (Rs 370 Crore) blockchain technology fund for India weeks after the Supreme Court struck down the curbs on cryptocurrency trade in the country. […]

some indian banks are still refusing to process crypto transactions

Some Indian Banks are Still ‘Arbitrarily’ Refusing to Process Crypto Transactions

Earlier this month, India’s Supreme Court delivered its verdict in a landmark case that promised to usher in a bullish era for cryptocurrency in the country. The apex court ruled to overturn a circular from the Reserve Bank of India (RBI) – issued back in April 2018 – which had banned banks’ services to all […]

Indian crypto exchanges resume fiat services 24hrs after SC ruling

Indian Crypto Exchanges Resume Fiat Services 24Hrs After SC Ruling

Major Indian crypto exchanges Unocoing and WazirX have resumed fiat deposits less than a day after the Supreme Court quashed restrictions on banks’ services to crypto firms in the country. Unocoin, which claims to have been the first entrant into the Bitcoin space in India since its founding in 2013, has been described by local […]

Supreme Court of India lifts RBI ban on banks servicing crypto firms

India Supreme Court Lifts RBI Ban on Banks Servicing Crypto Firms

The Supreme Court of India has struck down the Reserve Bank of India’s (RBI) controversial ban on banks’ dealings with crypto-related firms. The court’s bench of justices Rohinton Nariman, S Ravindra Bhat, and V Ramasubramanian delivered the judgment 4th March, litigation news site Live Law reported. Landmark ruling India’s central bank, RBI, had imposed a […]

blockchain system for voting in india

Election Commission of India Developing Blockchain System for Voting

The Election Commission of India is collaborating with the Indian Institute of Technology to develop a blockchain system for voting. The Chief Election Commissioner reveals the news first on 16th Feb. The new system will aim to allow Indians to vote even when they are away from their hometowns. Furthermore, the commissioner has proposed to […]

NCB caught crypto darkweb drug dealer

Indian Authorities Capture First Crypto Darkweb Drug Dealer

India has captured its first darknet crypto drug dealer in an investigation by the Narcotics Control Bureau (NCB). The defendant allegedly sent thousands of tablets of psychotropic drugs all over the world and received payments in digital assets to confound authorities. NCB Captures Darkweb Drug Peddler According to the report, NCB on Sunday arrest the […]

NITI Aayog release national blockchain strategy for India

NITI Aayog Releases Indian National Blockchain Strategy

NITI Aayog – the policy think tank of the Indian Govt. – releases its national blockchain policy draft paper “Blockchain: The India Strategy“. It explains different use cases of blockchain in India along with some conclusions from ongoing pilot projects. The Govt of India establishes NITI Aayog with the aim to achieve sustainable development goals. […]