Monday , September 26 2022
Home / Tag Archives: india (page 4)

Tag Archives: india

Indian Couple Dupes Bitcoin Investor Promising Higher Returns: Report

The lack of knowledge among common investors about cryptocurrencies and how to safely invest in them is resulting in a growing number of frauds. In a recent example, the Crime Investigation Department (CID) of Ahmedabad Police in India’s Gujarat province registered a case where the victim was duped of Indian Rupees (Rs.) 22 lakh (approximately $27,000). Details of the Case As per the First Information Report (FIR) lodged with the police, Harshad Patel was introduced by his...

Read More »

Report: India Has No Plans for a Digital Rupee

Not long ago, it was reported that the Reserve Bank of India (RBI) was planning to not only regulate cryptocurrency, but it would also be unveiling a digital version of the rupee, the official currency for the nation. While nothing can be said about the regulation, it has been confirmed by the RBI that there are presently no plans to unleash a digital rupee. India Will Not Create a Digital Rupee After All The news was released by Minister of State for Finance Pankaj...

Read More »

Indian Police Arrest Two People for Stealing Cryptocurrencies During Investigation

Lack of expertise in blockchain and digital currencies is making investigations into fraud cases not only tricky but also susceptible to new scams. In one such case, the police in Indian city Pune have arrested two persons who were hired to help the probe into a crypto fraud case registered in 2018. What is the Case? According to the Pune police, it hired Ravindra Patil and Pankaj Ghode to assist in the investigation of a fraud case involving digital currencies. Ravindra...

Read More »

Crypto Brain Drain in India is Absolutely Crazy, Says Polygon Co-Founder

Sandeep Nailwal – CEO and Co-Founder of Polygon – sees massive chaos reigning in the Indian cryptocurrency market. In his view, this disorder causes thousands of developers, investors, and entrepreneurs to leave to countries with more friendly regulatory frameworks. The Uncertainty Causes a Crypto’ Brain Drain’ It is safe to say that India’s digital asset environment is controversial. On one hand, the country has millions of crypto investors, some of whom have even swapped...

Read More »

Indian Finance Minister Expects CBDC to Roll Out This Year

Indian Finance Minister Nirmala Sitharaman said that she expects the central bank to roll out its digital currency this year. About the legalization of bitcoin and other digital currencies, she noted that the government is not inclined to take a position just yet. It has set in motion a consultation process, and when it ends, the government will look at the insights generated before taking a position, she clarified. India’s CBDC Plans on Track Speaking at the annual summit of...

Read More »

Young People in India Really Love Their Crypto

India is likely making a big mistake considering a ban on crypto any further given that it’s people really seem to love the industry. India Has an Odd Relationship with Crypto Swati Daga is a businesswoman in India that first bought bitcoin in the year 2017. This was at a time when the currency was trading for under $3K. Her family did everything they could to try and convince her that investing her hard-earned cash in BTC or any other form of crypto was a bad idea, but...

Read More »

India Video Application Chingari to Unveil New Cryptocurrency

Chingari – a short video application based in India – has unveiled its new cryptocurrency GARI, which is slated to begin trading on the India-based cryptocurrency exchange Coin DCX. Chingari in India Will Have Its Own Crypto The move comes at a rather strange – and potentially inopportune – time given that India is still very much up in the air when it comes to the fate of cryptocurrency. The country has had one of the most unstable relationships in the world with...

Read More »

Global Sports NFT Trade to Cross $2 Billion in 2022: Deloitte 

The global sports NFT market will see a transaction count of over $2 billion this year, Deloitte’s Technology, Media, and Telecommunications (TMT) Predictions 2022 has said.  Throwing a spotlight on the emerging Indian sports and entertainment NFT market, the TMT forecast says it will grow to $1 billion in the near future.  Global Sports NFT Trends “By the end of 2022, we expect that 4-5 million sports fans globally will have purchased or been gifted an NFT sports...

Read More »

Infosys Launches Metaverse Foundry to Help Enterprises Navigate Emerging Technologies

Indian IT multinational Infosys on Thursday announced the launch of Metaverse Foundry. The new business division at the company, a global leader in digital services and IT consultancy, promises to ease and fast-track an enterprise’s ability to use emerging technologies and offer metaverse products and services. “Infosys metaverse foundry helps enterprises navigate the metaverse by partnering with them through the Discover-Create-Scale cycle,” a press release shared by the...

Read More »

Indian Regulatory Body Issues Guidelines for Crypto and NFT Ads

The ASCI said that the guidelines will be enforced from April 1, 2022, and advertisers must ensure that their previous ads don’t appear in the public domain without the new disclaimer. Ads Must Have a Disclaimer The local watchdog asked in the guidelines that crypto ads display a disclaimer that these “unregulated” products can be “highly risky” as there can be no regulatory recourse in case of any loss.  “Crypto products and NFTs are unregulated and can be highly risky....

Read More »