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Four Arrested in India in Connection With a $14 Million Cryptocurrency Fraud

A number of cryptocurrency scams have already been reported across India where fraudsters have offered lucrative “oppoetunities” to victims, promising them multi-digit returns over their initial investments.In another such crypto fraud case that was recently reported, the police arrested four people from Surat, Gujarat. It is believed to be the

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Global Banking Giant HSBC Launches Tokenization-Based Receivables System for India

Major global banking group HSBC has implemented tokenization technology into its receivables infrastructure for corporate clients in India, according to an announcement on June 18.The British multinational financial services company has reportedly launched its Digital Accounts Receivable Tool (HSBC DART), based on tokenization technology developed by Australian blockchain-powered Fintech

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If Bitcoin Ban Bill in India Passes, Privacy Crypto Assets Could Boom: Binance CEO

Yesterday, the Bitcoin (BTC) and crypto asset community woke up to a harrowing tidbit of news from Bloomberg Quint. An article, which cited a “draft bill”, revealed that regulators in India, from multiple financial and judiciary agencies, revealed that those who involve themselves in the “sale, purchase and issuance of

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Reserve Bank of India Denies Knowledge, Involvement in Draft Bill to Ban Crypto Entirely

The Reserve Bank of India (RBI) has denied having any knowledge or involvement in a draft government bill that would ban cryptocurrencies, an official document released on June 4 shows.Varun Sethi, a lawyer specializing in blockchain, filed a Right to Information request with the RBI following a report by India media outlet the Economic

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Reserve Bank of India Urged to Reconsider Banning Crypto From Regulatory Sandbox

Lobbying groups are urging the Reserve Bank of India (RBI) to allow crypto-related products to be tested in its regulatory sandbox, Indian daily The Economic Times reported on May 16.The RBI’s proposed framework, unveiled last month, would allow blockchain technology to be tested on a small number of consumers — but cryptocurrencies, exchanges and

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Facebook’s Secret Cryptocurrency Led by PayPal Alumni Targets India Launch

By CCN.com: Facebook’s much-hyped cryptocurrency project, dubbed Project Libra, may launch in India within a matter of months, according to a Bloomberg report. The secretive blockchain project, led by a team of PayPal alumni, is expected to launch a stablecoin for sending peer-to-peer payments to friends and family as well

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Zebpay CEO: India Bitcoin Ban Fears Unfounded

Zebpay CEO, Ajeet Khurana, says he doesn’t believe India would ban bitcoin despite numerous reports in the media that the government is considering a blanket cryptocurrency prohibition. Meanwhile, Khurana’s Zebpay is set to expand operations into Australia, a country currently experiencing increased cryptocurrency adoption. India Won’t Ban Bitcoin Speaking during the announcement

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