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India

India to explore blockchain, Bitcoin still not legal tender: finance minister
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5 February, 2021

India to explore blockchain, Bitcoin still not legal tender: finance minister

Minister Anurag Singh Thakur recently clarified the government’s position on blockchain technology, the development of a digital rupee and the...
India proposes banning Bitcoin and developing a digital rupee
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4 February, 2021

India proposes banning Bitcoin and developing a digital rupee

India’s digital currency industry faces an uncertain future, with a proposed draft bill threatening to impose a blanket ban on...
India’s central bank exploring the need for digital currency
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30 January, 2021

India’s central bank exploring the need for digital currency

In a recent outlook on payments in the digital era, the bank justified its earlier apprehension, but revealed that it’s...
Indian police arrest alleged BTC scammer, seizing $1.2 million
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24 January, 2021

Indian police arrest alleged BTC scammer, seizing $1.2 million

Authorities in the city of Bengaluru announced they had detained a man named Srikrishna on suspicion of hacking into government...
India police arrest man allegedly behind $340,000 digital currency scam
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7 January, 2021

India police arrest man allegedly behind $340,000 digital currency scam

Umesh Verma launched Pluto Exchange in November 2017, which allegedly issued Coin Zarus that the company promised would only appreciate...
India proposes 18% tax on digital currency trading
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31 December, 2020

India proposes 18% tax on digital currency trading

The central government believes that the industry could provide up to $1 billion worth of taxes once the taxes are...
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