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The Blockchain Innovation & Investment Summit (BII SUMMIT)  •  
March 20, 2019

# demonetization News

August 11, 2017 by at Bitcoin, Finance, News, Regulation
Australia’s Black Economy Taskforce (BET) has called for a war on cash and has revealed 35 different methods of eliminating cash. The taskforce placed the blame on the consumers for encouraging the use of cash, which is being manipulated and utilized by criminals to fund large-scale fraudulent organizations. In an...
April 24, 2017 by at Bitcoin, News, Regulation
After years of operating without clear regulatory frameworks, self-regulated bitcoin exchanges and businesses will most likely be introduced to a new set of regulations and policies by the Indian government in the next few months. Ever since the launch of Bitcoin in 2009, analysts and experts have stated that largely...
March 30, 2017 by at Bitcoin, News, Regulation
Is India on the brink of becoming the next China? Did the central bank make bitcoin illegal? Or legal? Or both? A newspaper reports that bitcoin has become illegal in India, but an Indian exchange denies this. A committee shall decide who is right. According to the Economic Times of...
February 8, 2017 by at Bitcoin, News, Regulation
On November 9, 2016, India’s Prime Minister Narendra Modi surprised the nation by taking the two highest denomination notes, 500 and 1000 rupees, out of circulation in a daring move towards becoming a cashless society. The demonetization aims to reduce corruption, counterfeiting, black money and terrorism financing, which all rely...
December 2, 2016 by at Bitcoin, Commentary, News
India’s economy is making swift progress towards the digitization of money. Whilst this is great news, as they are keeping up with technological advances globally, India is faced with consequences surrounding the weak infrastructure, lack of internet access, smartphone devices and weak financial technology that is necessary for online payments....
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