Archive | india

India Bitconnect Head Arrested

Alleged India Bitconnect head, Divyesh Darji, was arrested this week at a airport in Delhi as he arrived from Dubai. He and conspirators are accused of bilking millions of dollars (Rs 88,000 crore) from Indian investors seeking to find financial refuge during the government’s demonetization campaign. Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots […]

India Investigates Replacing Smart Travel Cards with Crypto Tokens

The Indian government is currently in the midst of reviewing the viability of substituting smart travel cards for its own central-bank issued crypto tokens. A senior official from the country’s finance ministry and a member of the committee undertaking applicability research for the crypto token said that the committee is currently researching the use of a custom […]

India may Implement Crypto Token Specifically for Financial Transactions

The finance ministry of India is taking an interesting approach to digital tokens despite having a ban on cryptocurrencies; a new committee is examining the possibility of setting up a legitimized crypto token payment system. A crypto token, not a cryptocurrency Local news outlet DNA India reported that the new committee was also established under […]

Will India Finally See Cryptocurrency Regulations in Place By End of 2018?

Cryptocurrency regulations in India have been a source of uncertainty for the markets since the government’s unprecedented tirade against crypto that began this past April. However, it’s reported that the government is now likely to finalize some common sense regulatory measures starting in late 2018. A finance ministry panel devoted to the issue has found… […]

Stablecoins Gaining Popularity in India to Minimize Central Bank’s Impact

A growing number of cryptocurrency exchanges in India are adding stablecoins such as trueusd (TUSD) and tether (USDT) to their platforms. They are part of the solutions exchanges have come up with in order to minimize the impact of the crypto banking ban imposed by the country’s central bank. Also read: Yahoo! Japan Confirms Entrance Into […]

African Crypto Movement Learns from Past to Push Forward

An examination of Google Trends this year illustrates how the African continent is waking up to cryptocurrency-related products and exploring the sector for innovative opportunities. The popularity of Bitcoin in Africa continues to grow, enabled by the presence of a greater number of cryptocurrency exchange platforms. There are benefits to cryptocurrency ownership unique to the […]

Indian Government Plans Blockchain District in Hyderabad

The local government in the Indian state of Hyderabad has partnered with multinational IT services provider Tech Mahindra to create a blockchain district to aid startups. The two parties signed a Memorandum of Understanding to work together to bring the district to the Telangana state’s capital city, Hyderabad, pushing India’s agenda of advancing technological innovation in the country. […]

Indian Exchange Zebpay Enables Trueusd (TUSD) Stablecoin Trading

One of the largest cryptocurrency exchanges in India, Zebpay, has enabled Trueusd (TUSD) trading, deposits and withdrawals. The dollar-pegged stablecoin is offered as an alternative to fiat trading which is problematic under the Indian central bank’s ban. Also Read: The Daily: New Education Centers, Vietnamese Ask for Fraudster’s Extradition Zebpay Enables Trueusd Mumbai-headquartered cryptocurrency exchange […]

India Investigates Another Crypto Scam

Cryptocurrency scams have become a very real problem over the past few years. With so many new users entering this ecosystem as of late, it is evident that many are at risk of being scammed. In India, another big crypto scam has been uncovered, and two individuals associated with the venture have been arrested. Cryptocurrency […]

“Dabba” Trading yet Another Way of Getting Around India’s Crypto Ban

Further maneuvers are afoot since the last Bitcoin News update about Indian traders circumventing the Reserve Bank of India (RBI) ban on cryptocurrency, and this one is very much a “Dabba Dabba Doo” moment. One strategy that some exchanges are taking to sidestep the RBI is encouraging peer-to-peer trading, thereby cutting out the banks completely. […]

Huobi Mulls Offering INR-Based Peer-to-Peer Trading in India

The current cryptocurrency situation in India doesn’t look promising. With the RBI officially banning all fiat currency-based transactions pertaining to Bitcoin and altcoins, a worrisome situation was created. Huobi is looking to enter this market through a new peer-to-peer trading venture. It’s a very interesting decision, and one that bypasses the trading ban altogether. Huobi […]

Huobi Launching Peer To Peer Crypto For Rupee Trading In India

One of the biggest cryptocurrency exchanges in the world, Huobi, is launching peer to peer cryptocurrency for Indian Rupee (INR) trading in India. This provides cryptocurrency traders with a viable solution to buy and sell their crypto with INR, after the Central Bank of India banned all financial institutions from facilitating cryptocurrency related activity. The […]