It is no longer news that the India plans to place an outright ban on cryptocurrency. However, what is clear is that the implementation of the ban is no tea party. Therefore, the government cautioned that it would take a tough line on anyone caught dealing in cryptocurrency or its ilk. Perhaps someone should remind … Continue reading “Why India will Face an Uphill Battle Banning Cryptocurrency”
India
India May Soon Ban Cryptocurrencies Following Council Meeting
Author Eric Van OrmanPosted on Categories Business, Crypto Technology, Cryptocurrency, General, Law, Regulations, UncategorizedLeave a comment on India May Soon Ban Cryptocurrencies Following Council MeetingIndia’s Financial Stability and Development Council (FSDC) recently met to discuss cryptocurrencies. The committee in charge proposed an additional ban that has many wondering whether owning coins would be legal at all. Last April, the Reserve Bank of India (RBI) surprised the crypto community when they banned any relationship between cryptocurrencies and banks This meant … Continue reading “India May Soon Ban Cryptocurrencies Following Council Meeting”
India’s Largest Crypto Exchange Moving Operations to Malta
Author Eric Van OrmanPosted on Categories Banking, Business, Crypto Exchanges, Crypto Technology, Cryptocurrency, General, News, Regulations, UncategorizedLeave a comment on India’s Largest Crypto Exchange Moving Operations to MaltaIndia’s strict policy on cryptocurrencies is causing a multitude of blockchain and crypto companies to move abroad. The latest to do so is one of the largest crypto exchanges in the country, Zebpay. They were the largest exchange in terms of trading volume and they are moving their operations to Malta. They currently also have … Continue reading “India’s Largest Crypto Exchange Moving Operations to Malta”
The First Cryptocurrency ATM Launched in India
Author Eric Van OrmanPosted on Categories Banking, Blockchain, Business, Crypto Exchanges, Crypto Technology, Cryptocurrency, General, News, Regulations, UncategorizedLeave a comment on The First Cryptocurrency ATM Launched in IndiaThere are many great applications for cryptocurrencies, but one of the big issues is usability. Using your crypto funds to pay for goods and services is still tricky. Many merchants and vendors don’t accept Bitcoin or other cryptos as payment. This is where crypto debit cards and ATM installations can provide viable solutions. Therefore, India … Continue reading “The First Cryptocurrency ATM Launched in India”
Zebpay Relocates to Malta After Cryptocurrency Ban in India
Author Eric Van OrmanPosted on Categories Blockchain, Business, Crypto Exchanges, Crypto Technology, Cryptocurrency, General, News, Regulations, UncategorizedLeave a comment on Zebpay Relocates to Malta After Cryptocurrency Ban in IndiaZebpay is based in Singapore but had a major office in Gujarat, India. It was one of the country’s largest exchanges, accounting for half of its trade volume. Furthermore, it hosted nearly 6 million users. However, the Reserve Bank of India banned banks from conducting any business from crypto exchanges. Therefore, this decision presented several … Continue reading “Zebpay Relocates to Malta After Cryptocurrency Ban in India”
Bitcoin ATM in India to Launch and Support BTC, XRP and ETH
Author Ian CooperPosted on Categories Banking, Bitcoin, Business, Crypto Technology, Cryptocurrency, RegulationsLeave a comment on Bitcoin ATM in India to Launch and Support BTC, XRP and ETHAt the moment, there are 3,885 cryptocurrency Bitcoin ATM locations in 76 countries, says Coin ATM Radar. That number will grow, as coins gain momentum through adoption. By 2023, the global ATM market could be worth as much as $145 million. That’s according to a study by B2B firm, Markets and Markets. In addition, they … Continue reading “Bitcoin ATM in India to Launch and Support BTC, XRP and ETH”
India May Now Launch its Own Cryptocurrency?
Author Ian CooperPosted on Categories Banking, Blockchain, Crypto Technology, Cryptocurrency, General, Law, News, Regulations, UncategorizedLeave a comment on India May Now Launch its Own Cryptocurrency?After struggling to accept Bitcoin, India may now create its own cryptocurrency. At one time, according to the RBI, (Reserve Bank of India) the country refused to recognize digital currencies. At least, that was the view of India’s Central Bank before the Supreme Court. In fact, since July, the country barred banks from any business association … Continue reading “India May Now Launch its Own Cryptocurrency?”
Zebpay: Cryptocurrency Exchange Shuts Down
Author Ian CooperPosted on Categories Bitcoin, Business, Crypto Exchanges, Cryptocurrency, General, News, RegulationsLeave a comment on Zebpay: Cryptocurrency Exchange Shuts DownZebpay, one of India’s biggest crypto-exchanges is shutting down with only several hours’ notice. Nearly six months after the Reserve Bank of India imposed a ban on cryptocurrencies, a non-supportive environment has now crippled the exchange. India Cryptocurrency Ban In April 2018, the Reserve Bank of India (RBI) issued its crypto-ban, prohibiting any regulated financial … Continue reading “Zebpay: Cryptocurrency Exchange Shuts Down”
Cryptojacking Malware Targeting Government Sites in India
Author Ian CooperPosted on Categories Bitcoin, Business, Crypto Mining, Crypto Technology, Cryptocurrency, General, Law, NewsLeave a comment on Cryptojacking Malware Targeting Government Sites in IndiaAccording to a recent report in the Economic Times (ET), government sites are the main targets of cryptojacking in India. The word ‘cryptojacking’ refers to the practice of infecting a computer or device with malware that mines cryptocurrencies on the system using its processing power. The owner neither consents or knows about this breach. Government … Continue reading “Cryptojacking Malware Targeting Government Sites in India”
India to Issue Birth Certificates on Blockchain
Author Ian CooperPosted on Categories Blockchain, Business, Crypto Technology, Crypto Wallet, Cryptocurrency, GeneralLeave a comment on India to Issue Birth Certificates on BlockchainIndia will issue birth certificates on the blockchain. In fact, Bankura Municipal Corporation and Durgapur Municipal Corporation will use the technology to handle all administrative operations. That includes processing requests and verifying legal identities to streamline just about everything. Lynked World CEO and Founder Arun Kumar says this will launch as early as next month. They expected one million … Continue reading “India to Issue Birth Certificates on Blockchain”
