India Archives - Page 5 of 7

SWIFT Denies Integration Rumours with RippleNet

November 6, 2018

XRP, the cryptocurrency associated with payment network Ripple, temporarily overtook Ethereum in market capitalisation earlier on Tuesday. This appears to have been driven at least partially by a popular rum...

India May Ban “Use” of Cryptocurrency, But Encourage Blockchain Technology

October 31, 2018

A committee chaired by the Indian finance minister has been discussing a ban on the use of private cryptocurrencies, according to a press release from the country’s Financial Stability and Development Council...

BNY Mellon Reveals Shifting Focus to India, Hires Bhargavi Nuvvula

October 11, 2018

BNY Mellon, a US worldwide banking and financial services company, has showcased its shifting focus to its Indian-based operations after announcing today that it has chosen Bhargavi Nuvvula to lead its Corpor...

Reserve Bank of India Quietly Opens Cryptocurrency Research Unit

August 27, 2018

The Reserve Bank of India has formed a cryptocurrency research unit, according to the Economic Times of India. According to sources familiar with the matter, the unit was formed without announcement, and is ...

Head of BitConnect India Arrested, Police Working to Unravel Scheme

August 20, 2018

Police in the west Indian city of Surat has arrested a local resident on suspicion of stealing tens of millions of rupees from Indian investors. Allegedly, he did this by tricking them into investing Bitcoin ...

$3 Billion in BTC in Question as India’s Biggest Financial Scam Ever is Revealed

August 10, 2018

Investigations into a $3 billion Ponzi scheme in the Indian state of Gujarat have revealed a laundry list of characters and plot points that seem straight out of Hollywood. In addition to allegations of tax e...

Indian Crypto Exchanges Find Legal Loophole to Survive – For Now

July 9, 2018

Local cryptocurrency exchanges affected by regulations restricting fiat-to-crypto trading have found a way survive and even continue to be profitable, according to a Quartz report. The trouble began in April...

Indian Supreme Court Upholds Cryptocurrency Ban

July 3, 2018

The supreme court of India will not be telling the Reserve Bank of India to relent in its decision to keep banks free of cryptocurrency, according to Quartz. https://twitter.com/cryptokanoon/status/101403590...

Indian Cryptocurrency Market On the Rise Despite Government Ban

May 6, 2018

India is a mammoth market for cryptocurrency, once responsible for 10 percent of all Bitcoin transactions, but the country’s central bank banned financial institutions from processing the orders of cryptocurr...

Police Officers Arrested in India for Extorting Bitcoin

April 17, 2018

Nine police officers were arrested last week in the Indian state of Gujurat for kidnapping a man and extorting 200 bitcoins from him. The crime took place in February, according to a report in Quartz India. ...