Indian Companies Testing Crypto For B2B Payments

Top corporates and banks in India are reportedly testing out the use of cryptocurrency to pay vendors and move money between subsidiaries, said the The Economic Times. Unnamed sources told the publication that Hindustan Unilever, Reliance Industries, HDFC Bank and ABG Shipyard are among the conglomerates experimenting with cryptocurrency for intra-company transactions with subsidiaries, as well as […]

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Indian Supreme Court Gives Government Two Weeks to Submit Cryptocurrency Report

India’s supreme court has brought up the case against the cryptocurrency banking ban by the Reserve Bank of India after one-and-a-half months of delay. The court has reportedly asked the government to submit a report of the findings from the committee it had set up to understand the crypto space […]

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Indian Internet Organization Forms Blockchain Committee

The Indian Blockchain committee group will focus on creating a dialog among government, big businesses, and blockchain start-ups. The Internet and Mobile Association of India (IAMAI) is forming a Blockchain committee group with representatives from both the cryptosphere and traditional big business. The news, confirmed by IAMAI via a tweet, […]

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The Indian Government Will Create Its Own Cryptocurrency After Banning All Other Cryptos In The Country

Not long ago, the Indian Reserve Bank (RBI) was doing everything within its power to kick cryptocurrencies out of the country, but it seems that the government may have had some tricks up its sleeve to add to that move. Apparently, the Indian government is planning to launch its own […]

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Indian Crypto Exchange Zebpay Ceases All Trading Amid Regulatory Pressure

One of India’s largest digital asset exchange platforms has announced today that it will cease offering crypto buying and selling services. Zebpay Calls it a Day Due to Regulatory Pressures Zebpay stated that the Reserve Bank of India’s (RBI) clampdown on digital currencies had severely impacted its ability to do […]

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RBI Ban Hearing Delayed – Indian Supreme Court Too Busy for Crypto This Week

All petitions against the crypto banking ban by the Reserve Bank of India (RBI) are supposed to have been heard by the country’s supreme court on September 11. However, the court has been busy every day this week and has postponed the RBI ban hearing. RBI Ban Hearing Postponed The […]

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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 […]

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Indian Economy could see a $5 billion upsurge thanks to blockchain says Nasscom

In a recent interview with Indo-Asian News Service [IANS], KS Viswanathan, Vice President [Industry Initiative] of Nasscom, the apex body of the $154 billion IT BPM industry in India, remarked about blockchain technology in India. Vishwanathan says that by increasing output and lowering costs, blockchain technology has the capacity to […]

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Indian Bitcoin Ponzi Schemer Offers to Repay Initial Investments to Victims

The alleged bitcoin Ponzi kingpin, Amit Bhardwaj, has reportedly offered to pay back the initial investments in Indian rupees to those who lost money through his scheme. However, victims want the current value of their cryptocurrencies, not the initial investments. Zebpay, one of India’s largest crypto exchanges, has also been […]

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