#India News

Obscure Indian Property Law Could Criminalise Users Holding Their Crypto Abroad

August 13, 2019 by Ashwath Balakrishnan at Regulation

An anti-crypto lawyer from India, Vijay Dalmia, put forth his perspective on the current situation in the country on Mondaq, August 13, 2019. Notably, he discusses the Benami Act, 1988, which can cause incrimination for crypto investors who choose to stash their holdings with relatives or peers in countries with more...

Jio and Microsoft puzzle pieces coming together blockchain

World’s Largest Private Telecom Company Set to Launch Data Management Blockchain, Partners with Microsoft

August 12, 2019 by Ashwath Balakrishnan at Blockchain

Reliance Jio, which recently became the largest private telecom company in India and the world, has announced the launch of a proprietary blockchain solution built to improve customer data privacy. In the report by ET Telecom, August 12, 2019, Reliance executive chairman Mukesh Ambani, spoke of the imminent transformation of...

Around The Block With Jeff And Dave - November 11, 2019

Around The Block With Jeff And Dave – August 12, 2019

August 12, 2019 by Around The Block With Jeff And David at Podcast

China introduces its own cryptocurrency right after posting positive guidance for Bitcoin, will it be more successful than Facebook Libra? India Bans Bitcoin (again). When can India learn from China's earlier mistakes? Texas State Security Board issues guidance for bitcoin. Bitcoin's first global recession - what does this mean for...

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

August 11, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

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. StaTwig Tracking Vaccines with DLT According...

Indian Government Confirms Intentions to Prohibit Cryptocurrencies

August 9, 2019 by Ashwath Balakrishnan at Regulation

In a recent court hearing that was set for August 8, 2019, the government of India asked the Supreme Court to postpone the hearing against the cryptocurrency ban to January 2020 as they wish to open the blanket ban bill for discussion in the Winter session of Parliament. This has...

Cashless Transaction Volumes Reach new Highs, Global ATM Machines Decline

August 5, 2019 by Edoardo Vecchio at Finance

The growth of fintech's market share is putting real pressure on traditional banks to revise their business model. Cashless transactions are witnessing new all-time highs while banks cut down on ATM units and local branches. This according to an article from Nikkei Asian Review, August 5, 2019. Financial Innovation Cash payments...

Clock Ticking India Flag Bitcoin Watch Green Orange White

India: NASSCOM Condemns Government’s Intentions to Prohibit Bitcoin and Cryptocurrencies

July 31, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

The National Association of Software and Services Companies (NASSCOM), a non-profit trade association made up of firms in India’s information technology and business process outsourcing industry, has kicked against the government’s move to make bitcoin trading as well as transactions involving other blockchain-based digital assets illegal, reports LiveMint on July...

Shady man next to the India flag with pockets full of bitcoin

Why Banning Cryptocurrency Means Nothing for Crypto, but Everything for India

July 27, 2019 by Ashwath Balakrishnan at Bitcoin

Recently, a committee studying the effects of cryptocurrency and distributed ledgers in India recommended an outright ban on all cryptocurrencies. The committee was headed by the Secretary of Economic Affairs, Subhash Chandra Garg. While a sensitive agenda for regulators on a global scale, trying to ban a non-sovereign asset that...

India: Government Committee Recommends Cryptocurrency Ban

July 22, 2019 by Anthonia Isichei at Regulation

Despite an earlier statement from India’s Minister of State for Finance that the government wasn’t planning on banning cryptocurrencies, the Inter-Ministerial Committee (IMC) is proposing otherwise. According to the IMC report on July 22, 2019, the committee recommended a blanket ban on cryptocurrency and also penalties for conducting virtual currency...

Around The Block With Jeff And David – July 22, 2019

July 22, 2019 by Around The Block With Jeff And David at Podcast

In this show, we discuss: Bitcoin breaking 10500 (again). Treasury Secretary Mnuchin dismissing bitcoin, and saying that it is only used by illicit users. Binance is rewarding XLM Hodlers - how can you get yours? India unbans cryptocurrencies, what does this mean for the price? China says Bitcoin is a...

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