The State Government of Telangana may develop a blockchain e-voting platform for state and national-level use. The Southern Indian state of Telangana may soon develop and test a blockchain-based electronic voting system to facilitate remote voting. Speaking at a webinar conducted by the Election Commission of India and Tamil Nadu E-Governance Agency, the Principal Secretary…
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As cryptos gain ground in India and Bitcoin price spikes, Indian scammers are likely to make the most of the opportunity. India is the hub for call center scams. Call it a lack of strict regulatory measures to stop such activities or the scammers’ resilience to start over every time their business is busted, but…
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Scammers are going to greater lengths than ever to acquire other people’s crypto. A new cryptocurrency scam in India is targeting wealthy individuals using a fake mobile app. According to India TV News, cybercriminals are targeting high income individuals across India. Victims receive messages through social media groups asking them to sell and buy Bitcoin…
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OKEx has launched a peer-to-peer trading platform and fiat onramp in India. Cryptocurrency exchange OKEx has announced a new peer-to-peer trading platform launching Aug. 5, which allows users to buy digital currencies with zero transaction fees using Indian rupees (INR). The announcement comes hot on the heels of reports that the Indian government is planning…
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Five months after Indian courts lifted the blanket ban on crypto, an official said the government is considering a new law banning crypto. An Indian government official has claimed that two ministries and the Reserve Bank of India are actively working on a legal framework to ban cryptocurrencies on the subcontinent. According to a Aug.…
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Blockchain.com’s head of research Garrick Hileman discusses the interest of Indian banks in the crypto space. Garrick Hileman, the head of research at Blockchain.com, shared in an interview today that Indian banks are showing interest in cryptocurrencies but are also skeptical of heading further into this space due to the regulatory uncertainty. While speaking to…
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Indian Prime Minister Narendra Modi has publicly endorsed blockchain as an investment opportunity. The Prime Minister of India, Narendra Modi, has endorsed blockchain as an ‘opportunity in frontier technology’, renewing hopes that the country is warming to cryptocurrencies. In a keynote address at the India Ideas Summit, hosted by the US-India Business Council on Wednesday,…
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Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020. Half a dozen emerging markets have established new records for weekly peer-to-peer (P2P) Bitcoin (BTC) trading, including India, Ghana, the Philippines, Argentina, Mexico and Egypt, according to data published by Useful Tulips. India comprised the…
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As 336 BTC get stolen from crypto-friendly bank Cashaa, there is still no clear explanation for what happened. On July 11, fraudsters hacked into digital payment platform Cashaa’s over-the-counter desk, which serves Indian customers, and stole 336 Bitcoin (BTC), worth approximately $3.1million. Although Cashaa stated that there have been no users affected by this hack,…
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In this week’s newsletter, we look at a series of developments that test the limits of governmental authority over crypto, as well as the contest with social media. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note New developments in crypto this week…
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