A former Indian legislator has been found a “proclaimed offender” by the local court presiding over a USD 1.3 million Bitcoin extortion case. As reported by The Indian Express, former member of Legislative Assembly Nalin Kotadiya failed to show up in court regarding the case, despite multiple summonses. The Indian Criminal Investigation Department (CID) was not […]
A former Indian politician allegedly involved in a $1.3 million bitcoin extortion case has been declared a “proclaimed offender” by a local court.
A former Member of the Legislative Assembly has been declared a “proclaimed offender” in Bitcoin extortion case
The government of the South Indian state of Kerala will use a blockchain system to improve the supply and distribution of dairy produce, vegetables and fish
The state of Kerala, in India’s extreme south, is adopting blockchain in order to update and streamline its food supply chain to customers. The blockchain is increasingly aiding food production and the flow of food from growth to table around the world, with new concepts appearing almost weekly. Raja Ramachandran, CEO for ripe.io, a company currently […]
India is a very peculiar country when it comes to cryptocurrency and blockchain technology. With a lot of conflicting reports regarding the future regulation of this industry, anything and everything could still change in the near future. It now seems the government may prepare to overturn the “ban” on cryptocurrency activity. India Continues to Surprise […]
Ripple’s global head of infrastructure innovation expects India’s central bank to rescind its crypto ban, based on its inquiry into own digital currency
India is a very peculiar country when it comes to Bitcoin and other cryptocurrencies. The RBI decided to restrict such activity in the country in April of 2018. However, further research seems to indicate this decision is not based on research or consultation. As such, various parties question whether or not the RBI’s decision can… […]
The Reserve Bank of India (RBI), India’s central bank, has admitted that it did not undertake a thorough enough research of cryptocurrencies before issuing its ban earlier this year, writes Bitcoin.com. This was the bank’s response to a Right to Information query filed by an Indian blockchain lawyer, which has since been distributed to news outlets. […]
The RBI has responded to a query about why it moved to block banks from dealing with crypto businesses earlier this year.
Indian cryptocurrency users are more at risk of being scammed than ever before. Hackers and cyber criminals are targeting the less security aware with increasingly elaborate schemes. Cryptocurrency Security is the Responsibility of the Users Themselves A report in Quartz states that the number of Indian cryptocurrency-related crimes is rising quickly. There are many ways… […]
Despite the growing popularity of cryptocurrency, scams remain one of the biggest problems the industry faces today. Indian police officials recently shut down a major cryptocurrency scam which may have defrauded users for nearly two full years. It is evident that such contraptions will need to be shut down sooner rather than later, as they […]
Indian authorities have questioned British businessman Raj Kundra, husband of Bollywood star Shilpa Shetty, in regards to his alleged connection to a $300 mln ICO scam
At press time, bitcoin has incurred a small rebound, and is now trading for roughly $7,500. This marks a $100 spike from yesterday’s price, though that, in turn, marked a $100 fall from 48 hours ago, when bitcoin had previously been trading for $7,500. Thus, while bitcoin’s new position is a move in the right […]
Anonymous sources in India are suggesting that the crypto-sceptical nation may be at a turning point with the possibility of a goods and service tax (GST) on cryptocurrency trading. Bloomberg reported that the government might be applying an 18% GST as there is a chance that the Indian government could classify cryptocurrencies as a supply […]