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Tag Archives: India

India’s Largest Blockchain Network Auxledger to Back Cashaa For its India Operations

The extensive blockchain infrastructure already powers over 53 Million users Auxledger, an enterprise-grade blockchain infrastructure currently powers over a dozen applications across different state governments of India is partnering with Cashaa to support All India operations. One of the world’s largest blockchain networks Auxledger enables organisations to quickly deploy a blockchain network and build their business logic on top of ...

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Darknet-Based Animal Trafficking Is on the Rise in India

The darknet is effectively influencing a lot of unsavory business models. While most of the focus lies on drug sales, there are plenty of other industries to be concerned about. Wildlife trafficking is quickly becoming a booming business in certain parts of the world. Especially in India, the darknet seems to play an even bigger role of importance than ever ...

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HSBC India Completes Joint Blockchain-Enabled Transaction With India Holding Giant RIL

The Indian subsidiary of major global banking and financial services firm HSBC and India’s holding giant Reliance Industries (RIL) have completed a blockchain-enabled trade finance transaction, Indian business newspaper The Hindu Business Line reports Sunday, Nov. 4. The blockchain-powered letter of credit (LoC) transaction, reportedly the first of its kind in India, involved export by RIL to U.S. client Tricon ...

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India is Considering a Ban on the ‘Use’ of Cryptocurrencies

After months of public uncertainty bought on by years of deliberation by the Indian government, authorities have discussed the framework to legally ban the usage of ‘private’ cryptocurrencies like bitcoin. In the 19th meeting of the Financial Stability and Development Council (FSDC) headed by India’s finance minister Arun Jaitley on Tuesday, the subject of cryptocurrencies took the floor. According to ...

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SBI Partners With Hitachi to Build Digital Payments Platform in India

Hitachi Payment Services, the Indian-based subsidiary of Hitachi, has entered a joint venture with State Bank of India for the establishment of a digital payments platform, pending regulatory approval. The announcement comes at a time when the Supreme Court asked the Indian government to state its policy towards cryptocurrency within two weeks. Blockchain Enthusiast State Bank of India to Establish Digital ...

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Cryptocurrency ‘Illegal’ In India Says Trade Organization Head

The head of an Indian nonprofit trade organization said cryptocurrency is “illegal,” and urged businesses to obey the law, local news daily the Hindu reported Thursday, Oct. 25. Debjani Ghosh, the president of the National Association of Software and Services Companies (NASSCOM), was cited by the Hindu saying that cryptocurrencies are illegal from NASSCOM’s perspective. NASSCOM is a nonprofit trade ...

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One-Week-Old Bitcoin ATM Seized In India, Owner Arrested

Barely a week after installation, India’s first Bitcoin ATM has been seized by the police. The ATM was installed in one of the country’s most popular malls and facilitated the withdrawal and deposit of Bitcoins. The police also arrested one of the co-founders of Unocoin, the company that had installed the ATM. The country’s crypto community has been embroiled in ...

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Unocoin Co-Founder Arrested Over Non-Functional Bitcoin ATM in India

Indian authorities have arrested the co-founder of Unocoin, an upstart Bitcoin exchange in India. According to Times of India, Harish BV, co-founder of Unocoin, was taken into custody for illegally operating the “first” Bitcoin ATM in the world’s second-largest nation, located in Bangalore. The BTM was located in the Kemp Fort Mall. Bitcoin ATM Not Even Working At Time of ...

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India Unsure on How to Respond to Trade Skirmishes with America

Twitter Facebook What would it take for you to feel financially secure as you pass middle age and head into a comfortable retirement? A study by Magnify Money attempted to answer that objectively, using research data collected from the United States Federal Reserve and the Federal Deposit Insurance Corporation (FDIC). The results reflect the American experience, but should nonetheless provide ...

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Unocoin Rolls Back First Crypto ATM in India Amidst Controversy

Indian cryptocurrency trading platform Unocoin has found itself amidst heated controversy over the launch of its first cryptocurrency kiosk in Bengaluru. While the existence of the machine had already been leaked prior, the company officially unveiled it roughly ten days ago, on October 14. This is the first time that a physical machine has aided the purchase and sale of ...

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