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Indian Lawmakers Propose Adoption of 10-Year Jail Term for Crypto Dealings

Indian lawmakers have reportedly proposed to enforce a 10-year jail term for citizens who deal with cryptocurrencies, local financial news agency BloombergQuint reports on June 6.The new tough crypto regulation is a part of a recently proposed draft bill called “Banning Cryptocurrencies and Regulation of Official Digital Currency Bill

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Indian Bitconnect Promoter on the Run After Third Crypto Scam

By CCN: Another cryptocurrency scam, same fraudster. Police in India’s city of Surat have implicated infamous BitConnect promoter Divyesh Darji in yet another cryptocurrency scam.According to The Times of India, Darji was involved in promoting a cryptocurrency known as Regal Coin to investors by promising them astronomical returns.Darji who was

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Indian Police Uncover Cryptocurrency Scam Involving BitConnect Promoter

Indian police have reportedly discovered an alleged multi-million dollar cryptocurrency scam, involving a BitConnect promoter, local media outlet the Times of India reported on June 3.The Criminal Investigation Department (CID) in Gujarat, India, has accused Divyesh Darji — a promoter of now-defunct cryptocurrency investment program BitConnect that ceased its

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Blackstone Majority-Owned Indian Tech Firm Partners With Bitfury on Trade Finance Project

Indian tech firm Mphasis — majority-owned by the American multinational private equity firm Blackstone Group — has partnered with blockchain tech giant Bitfury on a trade finance project, Reuters reported on May 28.The report notes that Blackstone owns 52.3% of Mphasis, which is listed on the National Stock Exchange

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Indian State of Telangana Aims to Set up Blockchain District for Start-Ups

The Southern Indian state of Telangana plans to establish the country’s ostensibly first blockchain district, local newspaper The Hindu Business Line reported on May 27.The planned district will reportedly aim to establish an ecosystem for blockchain startups and research institutes. While it will seek to attract a host of

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Indian Crypto Exchange Coinome Halts Services Citing Regulatory Pressure

Indian cryptocurrency exchange Coinome has announced it will be halting operations as of May 15, ostensibly due to regulatory difficulties. The development was announced in an official tweet from the exchange on May 9.As Cointelegraph has reported, exchanges in the country have faced a moratorium on banking services since

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Shuttered Indian Bitcoin Exchange Zebpay Breathes New Life in Australia

By CCN: Singapore-based Zebpay, which operated one of the largest cryptocurrency exchanges in India, has recently launched its crypto trading solutions in Australia.Starting this week, the new service enables Australian clients to buy Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Ripple (XRP), and Litecoin (LTC) with Australian dollars.With our mission

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Indian Tech Firm Tech Mahindra to Combat Spam Phone Calls With Blockchain

Indian technology company Tech Mahindra will be implementing an anti-spam call solution powered by blockchain, Indian business daily Business Today reports on May 2.This solution will allow phone companies to comply with the Telecom Regulatory Authority of India (TRAI)'s regulations to protect mobile phone subscribers from unsolicited Commercial Communication

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Unocoin Reduces Staff by 50% Ahead of Indian Supreme Court Cryptocurrency Ruling

Indian cryptocurrency exchange Unocoin has fired half its staff, leaving the company with 14 workers, Indian daily news outlet The Economic Times reported on April 16.Citing regulatory uncertainty in the industry, Unocoin said it had made the decision prior to a Supreme Court hearing on cryptocurrency’s legal status in

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