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Hiring Report Suggests High Interest in Blockchain Industry

The hype surrounding blockchain industry, as well as the cryptocurrency sector, may have waned a little, but a report published by TheNextWeb suggests hiring expertise in the sector still grows, courtesy of a few ‘old-school’ tech companies. It’s a given that prominent fintech startups had it rough in the past year, having to lay off some of their staff. Still, …


Bahrain Pressure Could Legalize Crypto Market in India

In 2018, the Reserve Bank of India barred local banks from dealing with crypto businesses such as Bitcoin exchanges. Consequently, Bitcoin dealers and investors in India lost access to fiat-enabled exchanges and have been using peer-to-peer transfers to convert cryptocurrencies, which can be unsafe and impractical. However, the pressure from other market competitors could make the government of India rethink its …


India Supreme Court Issues 4-Week Deadline for Crypto Regulation

India Supreme Court Issues 4-Week Deadline for Crypto Regulation

The Supreme Court of India has ordered the Union of India to come up with a regulatory framework for the cryptocurrency industry within four weeks. Failure to do so will prompt the Court to come up with its own judgment. To that effect, it declined to hear any case as regards the industry. According to news outlet Inc42, “the earliest …


US Crypto Regulations Between a Rock and a Hard Place

US Crypto Regulations Between a Rock and a Hard Place

In the midst of the delay for the approval of Bitcoin exchange-traded fund (ETF) applications after several rejections, and current uncertainty regarding regulatory framework, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce provided insights into the matter as an opportunity for better industry development. Last week, Heister made comments on the issues of state regulation at the University of …


India Seeks External Advice on Crypto Regulation

India Seeks External Advice on Crypto Regulation

A Right to Information (RTI) report has revealed that the Indian government is seeking outside legal help in order to finalize its long-awaited cryptocurrency regulations. The Indian government is still under pressure over the cryptocurrency debate. As time moves on, it is becoming hard to see how the government will be able to hold back the inevitable tidal wave of …


India Worried Crypto Could Destabilize Rupee

India Worried Crypto Could Destabilize Rupee (1)

A report by Quartz India suggests that the Indian government is concerned about the effect cryptocurrency may have on its national currency. According to the article, a high-level panel working on a cryptocurrency regulatory framework has observed that a less-explored area for crypto use does exist and possesses as much risk as with the already established concerns of money laundering …


Banks in India Push for Blockchain in Lending

Banks in India Push for Blockchain Use in Lending Business

Some major Banks in India are reportedly combining resources to harness blockchain technology in the lending business to cater to micro, medium and small scale enterprise (MSMEs) for transparency and reliability of credit data structures. As reported by the Economic Times, a band of 11 banks to include Standard Chartered Bank, ICICI Bank, HDFC Kotak Mahindra Bank, and South Indian Bank …


Indian Bank Closes Influencer’s Account for Making Crypto-Related Transactions

Indian

Indian online bank Digibank has closed down accounts of several people suspected of crypto trading, including that of popular local crypto influencer Indian CryptoGirl, who Tweeted the news. After India's Kotak Mahindra Bank, Digibank also starts sending anticrypto notices "We observed transactions for in cryptocurrencies, hence we are putting a credit freeze in your account. You will not be able to deposit …


India May Legalize Crypto but with Strict Conditions

India

The Indian government may be planning to legalize cryptocurrencies in the country albeit with strict conditions. A government committee has been formed and is reported to have held meetings twice to discuss the issue. It is expected that a comprehensive report will be submitted to the Ministry of Finance by February 2019, reports The New Indian Express. However, it appears …


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