The petition claimed that the digital currency can be utilized in executing untraceable transactions across borders, making it an attractive tool for tax evaders and ransomware attackers.
The court asked India’s central bank and several government agencies to respond to a petition that expressed concern about tax dodges and ransomware.
Governments move slowly, and when they don’t act quickly enough, it leaves a vacuum. Now India’s courts have to decide how to regulate Bitcoin.
How is Blockchain in Asia? Blockshow has traveled across the continent to find out.
Can BitIndia become the Paytm of cryptocurrencies in India?
S. Ganesh Kumar, a director of the Reserve Bank of India, seems to have put an end to debate over cryptocurrency’s future in the country. Speaking on Monday, he said that virtual currencies would not be allowed for use as a means of payment or settlement in India. Although this is not an immediate ban, […]
The central bank of India is against virtual cryptocurrencies but supports Blockchain, which is the technology behind the cryptos.
The Indian bank has partnered with a Blockchain company to develop the enterprise solution that employs smart contracts to self-manage KYC protocols.
With increasing demand for blockchain technology, more and more banks are employing blockchain-based systems meant to improve customer service and reduce costs. The State Bank of India, also known as the SBI, is the latest to join the race, as it will soon implement blockchain technology to manage Know Your Customer (KYC) protocols. No compromise of user confidentiality […]
India’s government has received advice it should Chinese-style ban on crypto ‘dealer’ companies and individuals.
According to their Twitter account, Indian wallet and exchange application Zebpay hit an impressive milestone of one million downloads last month. They also estimate an influx of 500,000 new users per month in 2018. Zebpay was launched in 2015 by trio …
Bitcoin businesses are making huge strides in India as consumers continue to invest in cryptocurrency.
India’s troubled banking system is to receive $32 bln in government bailout cash.
Government doesn’t like it, but they have no power over the Bitcoin protocol. They can enact barriers at on-ramps and off-ramps, but can’t control Bitcoin itself.
This week two more exchanges revealed their plans for the upcoming Segwit2x fork this November. The London-based exchange CEX.io explains that whether the company supports the split or not customers will receive split tokens if the fork takes place. Further, the Indian exchange Unocoin has revealed it will be supporting the chain with the most […]