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Major Indian Bank Threatens to Close Accounts of Users Transacting in Crypto: Report

Kotak Mahindra Bank — India's second largest private sector bank by market cap — is allegedly requiring account holders to refrain from dealings in cryptocurrency. The claim was made by Twitter user “Indian CryptoGirl” (@Desicryptohodlr) in a tweet posted Jan. 8.According to the screenshot provided in Indian CryptoGirl’s tweet, Kotak

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Indian Police Warn Public Against Investing in Cryptocurrencies

The police of the Indian state of Jammu and Kashmir have issued a public statement, warning the public against investing in cryptocurrencies, local business news daily the Business Standard reported on Jan. 2.Police reportedly warned the public against the “heightened risk” of investments like Bitcoin (BTC) and reminded investors that

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Indian Gov’t to Approach Crypto Regulation ‘With Due Caution’

The Indian government is approaching cryptocurrency regulation with caution, tech magazine Quartz reported Dec. 31, quoting Pon Radhakrishnan, the Minister of State in the Ministry of Finance and Ministry of Shipping.The latest episode in India’s increasingly drawn-out path to formalizing its domestic cryptocurrency economy, Radhakrishnan said that the lack of

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Indian Governmen​t​s favor the legalization of cryptocurrencies

The Indian country in agreement with cryptocurrenciesAccording to reports coming from the government committee in India, there has been reports that have suggested that the application of cryptocurrencies can become legalized in the country.Coming from a few reports, there is an official who attended the panel discussion on cryptocurrencies who

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New Indian Governmental Committee Favors Legalizing Cryptocurrencies, Media Reports

A governmental committee in India has reportedly suggested that cryptocurrencies be legalized in the country, English-language local media TheNewIndianExpress (TNIE) reported on Dec. 26.According to the article, an unnamed senior official who reportedly attended the panel’s meetings on cryptocurrencies stated:“There is a general consensus that cryptocurrency cannot be dismissed as

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IBM, Indian Telecom Regulator to Roll Out Blockchain Registries in 2019

IBM, Indian Telecom Regulator to Roll Out Blockchain Registries in 2019 December 13, 2018 by Akshay Makadiya IBM, the Telecom Regulatory Authority of India (TRAI), and domestic Indian telecom providers plan to launch a number of blockchain registries in early 2019. Reportedly, the solutions will focus on streamlining complex multi-party processes

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Indian Government Panel Suggests Crypto Dealings Should Be Illegal, Local Sources Say

An Indian government panel has reportedly suggested a new legal framework within the Reserve Bank of India (RBI) that completely bans cryptocurrencies in the country. English-language Indian media outlet CNBC TV18 reported on the framework on Dec. 6.The article cites an unnamed source as noting that “the panel has categorically

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South Indian Government’s ‘Innovation Society’ to Promote Blockchain Development

It seems not every government official in India has an eye toward draconian or restrictive blockchain regulation, as we’ve seen this year from some in the country’s government. In the southern state of Andhra Pradesh, where they have the APIS – Andhra Pradesh Innovation Society, blockchain is being actively promoted

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