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Tag Archives: india

Crypto Activity Is Exploding in Asia Despite China Actions

China has banned cryptocurrency. As one of the largest territories in Asia, one would think that the nation of China is setting the stones in place for a continent that has no desire or use for the world’s number one digital asset, but apparently, the situation has led to the exact opposite. Asia Is Moving Ahead as a Crypto Haven Despite China’s sudden hate for BTC, it looks like crypto activity in Asia has grown by more than 700 percent over the past few months, almost...

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Teens In India Are Becoming the World’s Next Big Crypto Fans

Teenagers in India are becoming the world’s newest cryptocurrency fans. India Has Had a Weird Relationship with Crypto India has had a very up and down relationship with digital currency. In the year 2018, for example, the nation’s central bank decided that crypto companies could not get access to bank accounts, and that standard financial institutions would not be permitted to work with any firm that delved in bitcoin or blockchain technology. After two years, however,...

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Crypto Companies in Australia Get Shunned By Banks

What occurred in India’s cryptocurrency space a few years ago is now at risk of also occurring in Australia. The country’s financial laws have failed to keep up and include cryptocurrency, and thus many startup ventures delving in blockchain and in digital currencies are now at risk of losing the money and support they receive from standard banks. Australia Is Having Trouble in Its Crypto Space India saw a situation like this occurring just a few years ago. Many news...

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India to Launch Trials for its CBDC by The End of 2021, RBI Governor Confirms

Shaktikanta Das – the governor of the Reserve Bank of India – said the financial institution could launch its first trial programs for a digital rupee by December this year. The initiative would determine the security of the Indian CBDC and its impact on the local economic network. India’s Approach to a CBDC In a recent interview for CNBC, Shaktikanta Das revealed the Reserve Bank of India’s plans to begin trials for a central bank digital currency before the end of this...

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Indian Regulator Set to Roll Out Blockchain System for Monitoring Financial Instruments

India’s securities and commodity market regulator, the Securities and Exchange Board of India (SEBI) has revealed intentions to increase the use cases of blockchain technology in monitoring financial instruments in the country. Indian Regulator to Adopt Blockchain Next Year In a press release published on the regulator’s official website, SEBI announced it is currently making plans to launch a new platform for “Security and Covenant Monitoring” of non-convertible securities...

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Report: India Has Done Well with Crypto Adoption

India has never had an easy time when it comes to crypto, but that hasn’t stopped it from secretly opening its arms to the growing financial space. India Has Moved Far When It Comes to Crypto According to a recent study conducted by blockchain analysis company Chainalysis, India currently ranks second in the 2021 Global Crypto Adoption Index, meaning there is presently only one other country that has done better when it comes to pushing and accepting digital currency...

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New Bill Introduced in India That Would Regulate, Not Ban, Crypto

It looks like the Union Cabinet of India is ready to take on a bill that will potentially regulate cryptocurrency in the country. The Crypto Fight in India Continues The news came by way of Finance Minister Nirmala Sitharaman, who explained on Monday morning: Cabinet note is ready on cryptocurrency bill. I am awaiting cabinet to clear that. The fight between India and cryptocurrency has been going on for several years. Things ultimately began in 2018 when the country...

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Indian Government Does Not Want Cryptocurrencies to Take Part in its Payment System

The Indian governing body will reportedly take measures to eliminate the use of cryptocurrencies as part of the country’s financial system. However, the existence of digital assets issued by the State is not threatened. Cryptocurrencies Fund Illegal Activities According to a recent report by The Economic Times, the government of India plans to crack down on the use of digital currencies as many criminals employ them to fund their illegal operations. The authorities believe...

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e-RUPI Is a Company That’s Pushing Crypto-Based Ideals

e-RUPI is a new cashless and contactless payment instrument that allows individuals to make payments for goods and services on their mobile devices. As a product that generates QR codes, e-RUPI is praising the cryptocurrency space for helping the world of digital payments expand beyond typical horizons. e-RUPI Has Many of the Same Principles as the Crypto Space While e-RUPI is not involved in cryptocurrency nor is it in any way, shape, or form similar with digital...

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Indian Olympic Medal Winners to Get Free Bitcoin (BTC) and Ethereum (ETH)

The cryptocurrency platform Bitbns intends to open a systematic investment plan (SIP) in digital assets for Indian athletes who win medals at the ongoing Tokyo Olympics. The exchange will reportedly grant around $2,700 in crypto for gold medal winners. ‘Faster, Higher, Stronger’ And Earn Crypto The Economic Times reported that Indian athletes at the Olympic Games could receive cryptocurrencies as a gift if they manage to win a medal at the tournament in Tokyo. The trading...

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