Over 40 Indian investors are now counting their losses after a local cryptocurrency exchange allegedly took off with their funds.
The government of India is bringing in new laws on digital currency, with the effect of banning trading in the country.
The United Arab Emirates has introduced a new e-commerce platform to aid the relations between its food industry and farmers in India.
The platform will allow the users to buy digital currencies in the Indian rupee at zero fees, OKEx CEO Jay Hao tells CoinGeek.
In its first official revelation regarding the future of digital currencies, the government said it has set up an inter-ministerial committee that is examining the bill.
Users in India are nearly five times as likely as digital currency users elsewhere to encounter the so-called “cryptojacking” attacks.
One of India’s largest farmers’ companies has integrated blockchain technology to enhance traceability for the consumer and boost income for the farmers.
The Indian government has reportedly been considering a total ban on digital currencies, but as CoinDCX told CoinGeek, the best way forward is proper regulation.
India’s digital currencies industry is once again looking at a possible permanent ban after the Finance Ministry called for consultations on a new law.
The scheme will also offer employability support for candidates looking to secure jobs in the blockchain sector.
Yunnan province in China will be using blockchain to track its tea, an $11.8 billion industry. Scanning barcode will show you its journey across the supply chain.