Tag Archives: india

Could India be on the verge of making a real name for itself in the crypto space?India: The New Big Crypto Haven?The country has often had a very mixed relationship with digital currency, being rather hostile towards the likes of Libra and even threatening jail time for crypto users, but a new crypto merger may be what is needed to ensure digital money’s future within the country’s borders.Crypto exchange Wazir X is now a part of arguably the world’s largest and most popular digital trading...

Cryptocurrency scams just seem to be an everyday thing as of late, and the latest scam news involving digital money is arriving out of India.Is India Home to a Large Crypto Scam?The country’s Special Task Force (STF) says it has made three arrests in what is turning out to be a very large case of cryptocurrency fraud. The people arrested include Rakesh Kumar Singh, Bittu Yadav and Pradeep Dev. All three have been charged with digital theft. The suspects hail from a region of Bihar in...

The Nuclear Power Corporation of India has confirmed the discovery of malware on its network. According to a statement, the infection was found on a central computer that was not connected to the more sensitive internal systems. Cybersecurity experts have linked the harmful code to North Korea’s Lazarus Group. The hacker unit uses a spectrum of vector attacks to steal funds for the administration. Pukhraj Singh, a former researcher at India’s National Technical Research Organization...

One of the world’s largest banks, the government-controlled State Bank of India, does not mind the heavy regulation of crypto in the country. This is according to the bank’s chairman Rajnish Kumar. According to The Economic Times, Kumar has stated that regulation is necessary for cryptocurrencies to prevent their unlawful use: “Let’s see. Because there’s a dark side of the internet also. There can be misuse of the digital currencies. That is why regulation is must.” Bans, jail...

Bithumb, South Korea’s largest bitcoin exchange alongside UPbit, is trying to convince the government of India to allow cryptocurrency trading. Javier Sim, co-founder and managing director of Bithumb, said that the company is planning to expand into the Indian cryptocurrency market through local partnerships, funding cryptocurrency startups in the region. In remarks reported by Indian business daily The Economic Times, Sim stated: “We are open to talking to regulators, working with them to...