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.
The instability of the rupee combined with high remittance fees is driving digital currency adoption in India.
India’s central bank has addressed the current ban on banks servicing the sector, noting that “no such prohibition exists.”
BuyBSV.com, one of the easiest and most secure ways to buy Bitcoin SV, is now available in India, Hong Kong, Iowa, and Arizona.
More projects are built on the BSV chain and more people want to buy BSV, because it is one of the best performing assets of the last 12 months, BuyBSV.com further expands its geographical availability.
India has been supporting digital currencies despite the banking ban that stifled the industry, with a Paxful report revealing 94% invested before it was lifted.
BuyUCoin exchange is expanding to Estonia after obtaining the two licenses required to operate in the country. It also partnered with local mobile payments firm.
CoinDCX has raised $3M in Serie A funding, led by Polychain Capital and HDR Group, the operator of BitMEX. It plans on expanding and doubling its staff.