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Tag Archives: Indian

Fmr. Indian Politician Declared ‘Offender’ in $1.3 Million Bitcoin Extortion Case

Open Positions at CCN: Full Time and Part Time Journalists Wanted. An absconding former Indian politician and lawmaker has been declared an ‘offender’ by an Indian court after his involvement in a criminal kidnapping case complete with extortion in bitcoin. According to a report by the Indian Express on Monday, a local sessions court in Ahmedabad, a city in western ...

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South Indian State of Kerala to Use Blockchain Tech in Food Supply, Distribution

The government of the South Indian state of Kerala will use blockchain for food supply and distribution, local news outlet Business Standard reported June 17. The new project  is headed by Keralan think-tank the Development and Innovation Strategic Council (K-DISC), and will use blockchain, as well as Internet of Things (IoT) technology, in an attempt to make the state’s supply ...

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Indian State Kerala to Put Milk and Fish Supply Chains on a Blockchain

Open Positions at CCN: Full Time and Part Time Journalists Wanted. The government of Kerala, a state in South India, is turning to blockchain tech to organize the supply chain process of everyday groceries. The new project will specifically look to streamline the supply chain networks – including distribution – of milk, vegetables, and fish in the state using blockchain ...

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Indian Government’s Cryptocurrency Panel Doesn’t Aim to Ban Bitcoin

India is a very peculiar country when it comes to cryptocurrency and blockchain technology. With a lot of conflicting reports regarding the future regulation of this industry, anything and everything could still change in the near future. It now seems the government may prepare to overturn the “ban” on cryptocurrency activity. India Continues to Surprise As a country with a ...

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Ban U-Turn? Indian Govt. Panel Suggests Cryptocurrency Regulation: Report

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! An Indian government panel reportedly tasked to look into cryptocurrency policy isn’t in favor of a sweeping ban akin to the recent banking blockade enforced by the country’s central bank. Citing sources, India’s biggest business news TV channel and financial daily Economic Times is ...

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Indian Banks Form Blockchain Consortium for Inter-Bank Transactions

Some 14 Indian banks have joined a blockchain consortium that aims to tap into the blockchain to speed up internal processes. Dubbed India Trade Connect, the consortium is six months old and will facilitate the swift issue of loans over a decentralized protocol. According to Bloomberg, the member banks account for more than 50% of the country’s internal trade volume. ...

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Indian Police Investigate Bitconnect Firm Offering 365% Yearly Returns on Bitcoin Investment

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The Crime Investigation Department (CID) of India has taken the statements of a distraught Indian businessman who extorted 2,000 bitcoins from the promoters of fraudulent cryptocurrency project Bitconnect to investigate the firm’s working.   Bitconnect Promoters Face an Investor’s Wrath As per a report, Bitconnect’s India chapter ...

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Indian Businessman Conned $130,000 in Bitcoin Purchase Scam

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. On the pretext of being offered bitcoins, a businessman from India’s capital city fell victim to a rather novel fraud – buying absolutely nothing in exchange for paying the pioneer cryptocurrency’s global prices to a purported cryptocurrency exchange representative. Purchasing Bitcoins Which Don’t Exist During a bank ...

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Indian Supreme Court to Hear All Crypto Cases Against RBI on July 20 – The Merkle

The Supreme Court of India will listen to all cases that have been filed against the Reserve Bank of India on July 20, reports the Economic Times. A total of five petitions have been filed against the country’s central bank after it issued a circular in April that barred any financial institution that it regulates from providing services to crypto-related businesses. The ...

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