The billionaire investor appeared to stand up for internet freedom in India, but his comments gained little appreciation.
India News
India, or Republic of India, is a federal state in South Asia. It is the second-largest country by population after China and the seventh-largest by territory in the world. India has a developing mixed economy, which is the world’s sixth largest in terms of nominal GDP. In India, cryptocurrency payments are becoming more and more popular among its citizens. Currently, the government is developing regulations for operations related to virtual currencies. It is aimed to protect investors and users, prevent money laundering, control the taxation of transactions, etc. Besides that, according to the Indian Minister of Finance, the authorities are concerned about digital currencies’ volatility and anonymity and are considering banning all payments in cryptocurrency. Nevertheless, the future of using cryptocurrency in India remains uncertain.
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Draft legislation that would allegedly impose a ban using cryptocurrencies in India is being circulated by local blockchain legal experts on social media.
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Indian authorities expressed concerns over Facebook’s long-awaited stablecoin Libra.
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by Thomas Simms
India’s proposed laws to introduce a 10-year jail term for dealing in cryptocurrency have been listed as a factor in Koinex’s closure.
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by Helen Partz
Facebook has reportedly not applied for approval to operate its cryptocurrency in India with the RBI
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by Helen Partz
HSBC has deployed tokenization tech in its receivables infrastructure for corporate clients in India.
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India is hit with its latest wave of speculations, as rumors of a full crypto ban emerge, yet remain unconfirmed by its reserve bank.
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by Helen Partz
India’s new draft bill reportedly suggests a 10-year prison sentence for dealing with crypto, while proposing a national digital coin.
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by Thomas Simms
Microsoft’s technology, known as FarmBeats, uses blockchain, drones and AI to improve productivity and reduce water consumption on farms.
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by Thomas Simms
The bank says it has not received any communication from the government about a draft bill that would ban cryptocurrencies.
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Indian police have discovered an alleged multi-million dollar cryptocurrency scam involving a BitConnect promoter.
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Indian tech firm Mphasis has partnered with blockchain tech giant Bitfury on a trade finance project.
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Telangana plans to establish the country’s ostensibly first blockchain district by offering tax relief, resource subsidies and financial grants.
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Indian cryptocurrency exchange Coinome has announced it will be halting operations as of May 15, ostensibly due to regulatory difficulties.
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