Fintech firms can put blockchain technology to the test, but cryptocurrency projects are excluded, India’s central bank has announced. The Reserve Bank of India (RBI) has announced the terms of its regulatory sandbox in report on April 18. Per the terms of the sandbox, various applications of blockchain technology can be tested, while cryptocurrency-related projects […]
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The exchange, like others in India, faces an ongoing stranglehold on operations by the central bank. Indian cryptocurrency exchange Unocoin has fired half its staff, leaving the company with 14 workers, Indian daily news outlet The Economic Times reported on April 16. Citing regulatory uncertainty in the industry, Unocoin said it had made the decision […]
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Indian cryptocurrency exchange Coindelta is terminating its services in light of the adverse operating climate for crypto businesses in the country. Indian cryptocurrency exchange Coindelta is terminating its services in light of the adverse operating climate for crypto businesses in the country. The development was announced in an official blog post on March 30. Eighteen […]
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Major private Indian bank, Federal Bank, has partnered with Ripple for its cross-border remittances network. India’s Federal Bank, a commercial private bank, has partnered with Ripple to use its network for cross-border remittances. The bank announced the development in a letter on March 28. The partnership with Ripple comes as part of a wider initiative […]
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India crypto and blockchain advocates protest in advance of a crucial supreme court hearing. The fourth and largest of a series of blockchain supporter rallies is set for Bangalore on March 30, and is anticipated to have a huge public impact because of the planned participation of numerous developers — the key to India’s blockchain […]
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The Supreme Court of India has granted four weeks to Indian authorities to come up with crypto regulation. The Supreme Court of India has reportedly granted four weeks to Indian authorities to come up with cryptocurrency regulation policies, local news outlet Inc42 reports on Feb. 25. If the Indian government does not provide a crypto […]
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As the Year of the Earth Pig has come, it is time to look back at what happened during the previous year. Happy Chinese New Year! As the Year of the Yellow Mountain Dog has drawn to a close, it is time to look back at what happened. While there was a promising start in […]
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An Indian governmental committee is reportedly concerned by the impact that crypto could have on the country’s fiat currency, if it is allowed to be used for payments. An Indian governmental committee is concerned by the impact that cryptocurrency could have on the rupee, if it is allowed to be used for payments, according to […]
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11 Indian banks are involved in consultations to bolster blockchain-based supply chain financing for micro, small and medium sized businesses. Banks in India are collaborating on a new blockchain platform to remove financing hurdles for micro, small and medium size businesses (MSMEs), local daily news outlet Economic Times reported Jan. 28. A total of eleven […]
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A research institute established by the Indian central bank has issued a roadmap on blockchain adoption. India’s Institute for Development and Research in Banking Technology (IDRBT) has published a blueprint on blockchain implementation in the banking sector, Indian daily newspaper the Financial Express reported on Tuesday, Jan. 22. IDRBT was established by the Reserve […]
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