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Posts published in “India”

Indian Supreme Court Pushes Crypto Case Against RBI to End of February

The case against the crypto banking ban by the Reserve Bank of India (RBI) was unexpectedly heard at the country’s supreme court on Thursday. However, senior advocates for the parties were reportedly absent, so a new date has been set and the crypto case will…

More Oil Giants to Join Blockchain-Based Platform Vakt for Energy Commodity Trading

More global oil and gas giants have joined the blockchain-based platform for trading energy commodities. Chevron, one of largest American multinational energy corporations, and two other major energy companies have joined Vakt, a United Kingdom-based blockchain platform for energy commodity trading. Reuters reported on the…

How Indian Crypto Users Avoid Banks Closing Their Accounts

Banks in India have been closing the accounts of customers they believe have made transactions involving cryptocurrencies. The majority of crypto users in the country, however, have reportedly found a way to avoid their accounts being closed by their banks which are complying with the…

DBS-owned Indian Bank to Close Account Over Crypto-Related Activity: Report

India’s first digital bank, the DBS-owned Digibank, is allegedly closing accounts involved in crypto-related activity. India’s first digital bank, Digibank, is allegedly closing accounts involved in cryptocurrency-related activity. The claim was made by Twitter user “Indian CryptoGirl” (@Desicryptohodlr) in a tweet posted Jan. 14. As…

India: Cryptocurrency-related transactions leads Digibank to close customer’s account

Recently, the Reserve Bank of India had prohibited Indian banks from providing assistance or services to cryptocurrency businesses. Following this development, banks have now added new terms in their customers’ contract, prohibiting them for using cryptocurrencies of any kind. In recent developments, Twitter user @Indiabits21…

Indian Banks VS Crypto: Institutions Fear What They Can’t Control

India has tightened its grip further on cryptocurrency and its citizens’ usage this past week, with banks threatening to shut down accounts for its customers who use Bitcoin and other cryptocurrency transactions, according to media reports. The latest attack had lead many to state that,…

India: A Number Of Leading Corporations Eye Blockchain For Payments

In the latest digital currency news centered around the topic of regulation, we are going to India where a lot of leading large businesses are still embracing cryptocurrencies or some technologies underpinning it. Aside from the reliability that this brings when it comes to reconciling…

India’s Biggest Conglomerates Explore Blockchain for B2B Payments

Despite a plethora of sometimes unclear regulations and restrictions, large businesses and banks in India are still embracing cryptocurrency — or at least some of the technology that underpins it — as a more reliable way to reconcile accounts, make payments, keep proper records, and manage…

China & India are Surpassing US’ Economy By 2030

The United States will fall to a third place in the ranking of the largest economies in the world. China and India will overtake the U.S. by 2030, and it is unlikely that we will ever get the throne back. UK based financial services giant…