India: Blockchain Solution Curbs Spam Phone Calls and Messages – BTCMANAGER

Indian IT solutions and services company, Tanla Solutions, has launched a blockchain-powered commercial communication solution to help users avoid fake and spam calls and messages. This according to a report by BusinessLine, February 26, 2019. Say Goodbye to Fake Calls and SMS Blockchain’s cutting-edge security makes it a useful tool to verify the legitimacy of…

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Sequoia India leads seed round for Band Protocol

It appears that the content sector in blockchain is healthy and on the rise with Venture capital firm Sequoia India leading a $3 million seed round for a Thai blockchain startup. The company is Band Protocol and it is supposedly based around the maxim of rewarding content producers with token rewards as well as a…

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Cardano’s (ADA) Emurgo Launches Blockchain Academy in India to Train 2,500 People – BTCMANAGER

Emurgo, the commercial arm of the Cardano project, which claims to develop, support and incubate commercial startups, has launched a blockchain academy in India to train 2,500 blockchain developers, according to an Economic Times report on February 21, 2019. Emurgo Poised to Raise 2,500 Blockchain Developers Per sources close to the development, Emurgo has established its blockchain…

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India launches new group to fight crypto, cyber crimes

India may not be ready to embrace cryptocurrencies as they are meant to be, but it is at least working to protect its citizens from crypto fraud. According to the media outlet The Hindu, the country’s Union Home Minister, Rajnath Singh, inaugurated the newly-created National Cyber Forensic Lab (NCFL) yesterday, which is tasked with investigating…

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Facebook steps up fact-checking in India before election

Facebook said on Monday it is expanding its fact-checking network in India ahead of the country’s general election. The new partners will allow Facebook to monitor news distribution in six Indian languages. Pages that repeatedly post false news will be penalized by the company. Facebook has secured five new partnerships in India to widen its…

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Indian Government is in Fear of Cryptos Sweeping Out Rupee Fiat Currency

The risks associated with digital currencies such as Bitcoin (BTC) are very clear. The dark side of the cryptocurrency revolution includes terrorism financing, money laundering, drug dealing, sex, violence, gambling and more. But a prominent panel tasked with drafting rules for the crypto industry in India is now haunted by its impact on a less-tapped…

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Could Blockchain Be the Solution for SME Funding Woes?

The difficulties for small and medium enterprises (SMEs) accessing traditional trade finance products, specifically in emerging markets, is well known. Could blockchain technology help solve the SME exclusion problem in the trade finance space? Also read: Crypto Exchanges Turning to Reverse Mergers: Will They Succeed? Bridging the SME Gap with Blockchain? Some Banks Think It’s Possible…

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Report: Indian Government Finalizing Crypto Regulatory Framework

The Indian government has reportedly confirmed that the report containing a regulatory framework for cryptocurrencies by an inter-ministerial committee is being finalized. This confirmation is in response to a Right to Information filing by a local news outlet. Report in ‘Finalization Stage’ The Indian government has been working on crypto regulation for quite some time….

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India: Media Reports Central Bank Has Postponed ‘Crypto-Rupee’ Plans

The Reserve Bank of India (RBI) is pausing its plans to release a digital currency, Indian business news outlet the Hindu Business Line reported on Jan. 1. India’s central bank had originally announced its intentions to consider a central bank digital currency (CBDC) in April of this year, at the time noting the establishment of…

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Italy Is Looking to Expand Its Blockchain Protocols

The Ministry of Economic Development in Italy has tasked 30 proclaimed experts in the cryptocurrency space with the task of building the nation’s blockchain strategy from the ground up. Among those tasked with the job are Angiolini Giorgio – head of marketing at the telecon firm Italtel and a member of UN INFO’s blockchain group;…

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India Will Soon Use Blockchain Solutions In Telecommunication Industry

IBM aims to provide blockchain solutions in mobile portability and in Do Not Call registry. Sriram Raghavan, vice president of IBM Research and chief technology officer of IBM India and South Asia says We have completed proof of concepts and pilots with all the major telecom providers and with TRAI in this space. We anticipate…

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Indian Finance Minister Receives Government Recommendations For Crypto Regulations

With the submission of a government report to India’s finance minister, the country may be closer to regulating cryptocurrency. Although confirmed details are scarce, a recent CNBC report indicates that an Indian government panel has suggested a legal framework for cryptocurrency regulation. The panel’s recommendations have reportedly been submitted to India’s finance minister, Arun Jaitley,…

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Daily Byte: Wednesday, November 21, 2018

Crypto lawsuits are on the rise, UK may snub crypto derivatives business, and India set to clarify stance on crypto. Here is some of what’s happening, for Wednesday, November 21, 2018: Crypto Lawsuits on the Rise The digital currency industry magazine Diar is reporting that crypto-related lawsuits in the United States have mooned, with the…

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SWIFT to Experiment with Blockchain in India

SWIFT has signed a partnership with a fintech firm Monetago, through which it will experiment with blockchain applications in India, according to a press release. SWIFT India MonetaGo is a New York-based company which offers blockchain services to financial firms. It uses the technology to simplify information processes. It also has a Bitcoin exchange which…

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India To Present Draft Regulations On Cryptocurrencies Next Month

The government of India is reportedly set to released its much awaited draft bill on crypto regulation next month. Last month, the Supreme Court held a hearing on petitions filed by crypto exchanges who took the legal route to fight the crypto banking ban imposed by the Reserve Bank of India in April of this…

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Darknet-Based Animal Trafficking Is on the Rise in India

The darknet is effectively influencing a lot of unsavory business models. While most of the focus lies on drug sales, there are plenty of other industries to be concerned about. Wildlife trafficking is quickly becoming a booming business in certain parts of the world. Especially in India, the darknet seems to play an even bigger…

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HSBC Facilitates India's First Blockchain Trade Finance Transaction

HSBC recently facilitated India’s first blockchain trade finance transaction. This development reinforces the narrative that despite the negative stance towards cryptocurrency in India, there is some focus on the benefits of blockchain technology in the country. Details of the Transaction According to The Times of India, the British Banking behemoth recently executed a trade finance…

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Indian Officials Considering Ban On Private Use Of Crypto

India seems to be inching closer to an all-out crypto ban. On Tuesday, October 30, the 19th meeting of the Financial Stability and Development Council (FSDC) was held in India. Attendees included India’s finance minister, the head of the securities board, and the governor of the Reserve Bank of India (RBI). During this meeting, attendees…

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Indian Official Proposes Ban On “Private Cryptocurrencies”

The government of India is considering a blanket ban on the use of “private cryptocurrencies,” according to a report published by the Indian government press center. During the 19th meeting of the Financial Stability and Development Council (FSDC) under the chairmanship of finance minister Arun Jaitley, senior government and financial regulation officials discussed “the issues…

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