Cryptocurrency Analysis and News Portal
Prime Minister Narendra Modi’s right-wing party BJP is staring at a major loss. Delhi is on track to re-elect Arvind Kejriwal as Chief Minister. The BJP’s right-wing agenda has failed to translate into votes. Legislative elections were held in the Indian capital of Delhi on Feb. 8, and it
Read More
Despite regulatory uncertainty and banking restrictions imposed by the Reserve Bank of India, WazirX — the Indian cryptocurrency exchange recently acquired by Binance — launched its WRX coin through an initial exchange offering on Binance Launchpad. On Feb. 5, 2020, WRX coin became available for live trading on Binance.
Read More
While the Indian government is uncertain about the use of cryptocurrency, the National Payment Corporation of India, or NPCI, officially announced its permissioned blockchain-based platform, Varja, to make the payment process easier, faster and more transparent. After detailed research, the NPCI has developed a distributed ledger technology mechanism to provide
Read More
The Income Tax Department of India is secretly training its officials to investigate cryptocurrencies. An internal guidebook circulated by the department explains cryptocurrencies, their characteristics, the “dark side of Bitcoin” and the best investigation practices for tax officials.The Indian government doesn’t consider cryptocurrencies as legal tender, but it also
Read More
In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners,
Read More
While addressing a roundtable conference of more than 80 nations, India’s Defense Minister Rajnath Singh, commented on how the country’s armed forces need to be equipped with technologies such as blockchain, AI and big data to counter the continuously changing landscape of modern warfare.Singh elaborated on how the future of
Read More
The State Bank of India has announced the need to regulate the country’s cryptocurrency market. Rajnish Kumar, State Bank of India’s chairman claims that crypto regulation will help tackle the illegal use of cryptocurrency in the country.The government of India affirmed the progress of a new legislation earlier this year
Read More
India is readying itself for a major revision of its cryptocurrency policies. In this regard, it has been approached by officials of many governments who have informed the Indian government about possible global risks associated with digital currencies.India’s finance minister, Nirmala Sitharaman, noted positively that all nations who have raised
Read More
The police of Pune, a city in the western Indian state of Maharashtra, have sought a court's directive to transfer 85 million Rupees seized from a Bitcoin (BTC) ponzi scheme last year.$1.2 million frozen In an Oct. 3 article by the Times of India, Pune cyber police explained that the
Read More
The Kerala Blockchain Academy (KBA), a government initiative under the Indian Institute of Information Technology and Management, is now a general partner of R3.Local news outlet The Economic Times reported on Aug. 27 that New York-based enterprise blockchain firm R3 chose the KBA as a general partner. According to
Read More