The Indian state of Andhra Pradesh plans to support blockchain startups in the state in partnership with Eleven01.
Firm Owned by India’s Richest Man Turns to Blockchain for Trade Finance
Reliance Industries – owned by India’s richest person, Mukesh Ambani – has used blockchain to conduct its first trade finance transaction.
Indian Officials Met to Discuss Possible Ban on ‘Private Cryptocurrencies’
The Indian government is considering imposing a ban on what it calls “private cryptocurrencies,” according to an official release.
India Supreme Court Seeks Government Opinion on Crypto Within 2 Weeks
The Supreme Court of India has asked the government to give its view on cryptocurrencies, amid fallout from a ruling by the central bank in April.
Indian Police Seize ATM Run By Crypto Exchange Unocoin
Police in the Indian city of Bangalore have seized an ATM just weeks after it was set up by crypto exchange Unocoin.
How a Bitcoin Exchange Is Surviving a Central Bank Crackdown in India
Indian regulators’ clampdown on crypto firms is forcing exchange Unocoin to experiment with ATMs and stablecoins to continue receiving fiat deposits.
India’s Federal Bank Is Building a Remittance App on R3’s Corda
An Indian commercial bank has revealed it is building a cross-border remittance app based on R3’s Corda blockchain platform.
India’s Central Bank Denies ‘Formal Creation’ of Blockchain Unit
The Reserve Bank of India has denied officially forming a new unit to research AI and blockchain technology, despite reports to the contrary.
Dell Eyes Blockchain Investment to Boost Business Growth
Dell subsidiary Dell EMC is looking into blockchain technology as a way to draw more customers to its server business.
Cryptojacking Scripts Found on Local Indian Government Sites
Municipal government websites in Andhra Pradesh are running cryptojacking scripts, a group of security researchers found earlier this month.
Indian Central Bank Argues Cryptos ‘Not Valid’ as Currency in Court Battle
The Reserve Bank of India has argued at the Supreme Court that bitcoin cannot be recognized as either money or currency.
Indian Government Approves Bank’s Blockchain Research
India’s top executive body has granted approval for the Exim Bank to conduct research into how blockchain technology may benefit the financial sector.
TransferGo Opens Payments Corridor to India Using Ripple Tech
Payment provider TransferGo has announced it is launching a remittance corridor to India that uses Ripple technology for near real-time transactions.
India Eyes State Digital Currency to Cut $90 Million Banknote Bill
The Reserve Bank of India is mulling a central bank digital currency as a means to reduce the country’s huge spend on minting physical cash.
Senior BitConnect Promotor Arrested by Indian Authorities
Former BitConnect India head Divyesh Darji was arrested at Indira Gandhi International Airport in New Delhi on Sunday.
Indian State Partners with Mahindra to Build ‘Blockchain District’
An Indian state is working with Tech Mahindra to build a new district within the state capital dedicated to incubating blockchain startups
BRICS Bank Consortium to Research Blockchain Applications
BRICS nations’ state-owned development banks plan to research blockchain technology for international transactions and other products.
India’s Supreme Court Pushes Crypto Banking Ban Hearing to September
A Supreme Court decision on the Reserve Bank of India’s efforts to bar crypto firms from receiving banking services has been pushed to September.
India’s Ruling Party Accused of Involvement in ‘Mega Bitcoin Scam’
The largest political party in India is accusing the ruling Bharatiya Janta Party (BJP) of being involved in a bitcoin scam to launder money.
Crypto Exchanges Are Already Adapting to India’s Bank Account Ban
As the Indian Supreme Court declined to end the Reserve Bank of India’s crypto curb, exchanges in India are taking different actions.