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RBI Sandbox to Promote Fintech, Blockchain, Excludes Crypto

RBI Sandbox to Promote Fintech, Blockchain, Excludes Crypto

The Reserve Bank of India (RBI) has rolled out what it termed a ‘Draft Enabling Framework for Regulatory Sandbox,’ that will serve as a requirement guide for the burgeoning fintech sector. In 2016, in response to the rapidly growing fintech space, the RBI set up a committee (Inter-Regulatory Working Group on FinTech and Digital Banking in India) tasked with the …


VC Fund Says India Fintech “Insanely Addictive”

VC Fund Says India Fintech “Insanely Addictive”

The founder of Emphasis Ventures (EMVC) VC fund Melissa Frakman, has told local business media outlet YourStory of her experience with the Indian financial technology (fintech) scene, professing that the country’s sector can be “insanely addictive“. Canadian-born Frakman insisted that India was the stage for some of the most exciting trends happening right now in the fintech sector, especially with …


India Retail Payments Corp Considers Blockchain

India Retail Payments Corp Considers Blockchain

The National Payments Corporation of India (NPCI) has announced that it is considering to use highly scalable blockchain solutions to improve digital payments in the country with an eventual aim to be the “best payment network globally”. Business Today India reported that the body had floated an Express of Interest that would enable bidders to propose solutions for a DLT …


Local Indian Administrators Bid to Clean Up Bangalore Using Blockchain

Local Indian Administrators Bid to Clean Up Bangalore Using Blockchain

The Bruhat Bengaluru Mahanagara Palike (BBMP) the local administrative body in the Indian city of Bangalore is to pilot a blockchain solution to combat garbage problems in the city. Bangalore, officially known as Bengaluru, is the capital city of the Indian state of Karnataka. It has a population of over ten million, making it a megacity and the third most …


India Crypto Enthusiasts Protest as Supreme Court Delays Bank Case

Tron Founder Hints at Ethereum Collaboration Copy

In the month of March, the streets of Delhi, Mumbai, Hyderabad, and Bangalore vibrated as thousands of cryptocurrency and blockchain enthusiasts expressed their distaste of the industry’s situation in the locale. According to reports, Blockchained India co-founder and observer of the protest Akshay Aggarwal, opined that “the street demonstrations are occurring mainly because the whole crypto space represents a world different …


India Supreme Court Postpones Central Bank Crypto Showdown

India Supreme Court Postpones Central Bank Crypto Showdown

Nine months after cryptocurrency exchanges in India have taken the Reserve Bank of India (RBI) to courts, decisive action has yet to be taken. And now, the Supreme Court of India has moved the hearing to July. It is the sixth time the highest court has adjourned Crypto vs RBI. According to a report from CCN, RBI counsel had sought …


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 …


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