India gov’t launches awareness campaign on digital currencies and online gaming
IPEF has expressed concern over the rising incidents of digital asset fraud in India and the ignorance of residents investing in the asset class.
IPEF has expressed concern over the rising incidents of digital asset fraud in India and the ignorance of residents investing in the asset class.
The RBI report suggested using the “same-risk-same-regulatory-outcome” principle, which would see the virtual currency service providers being regulated similarly to banks.
Authorities in India have teamed up with Interpol for a massive manhunt to bring scammers, who allegedly defrauded investors of nearly $11 million, to justice.
It started out with Zoom calls on possible partnerships, morphed into an exchange of ideas over coffee and eventually became the first Enterprise Utility Blockchain Summit in India.
Instead of speculative coins, RBI Governor Shaktikanta Das says CBDCs will address the growing 'cryptoization' of the economy while providing benefits in the financial and payments industry.
Indian Finance Minister Pankaj Chaudhary says that any legislation governing digital assets would only be effective with global cooperation.
India's Prime Minister Nirmala Sitharaman said that the reason for the government's apathy towards blockchain hinges on the fact that only a few financial institutions are using the tech.
Joe Holles De Peyer and Rohan Sharan joined CoinGeek Backstage on the sidelines of the Enterprise Utility Blockchain Summit in Bangalore, where they discuss how India is ready for blockchain.
The new India Citadel office is free to use by those in the BSV ecosystem and will host meetups and events, and act as a co-working space for developers looking to build on BSV.
Thirteen cities will be covered during the pilot, but at the start date, only Mumbai, New Delhi, Bengaluru, and Bhubaneswar will be supported, with the rest coming on board subsequently.
Indians are faced with a barrage of messages from unregistered telemarketers, which could open the floodgates for fraud, according to the Telecom Regulatory Authority of India.
Dr. Satya Gupta, who shared the stage with Dr. Craig Wright and Latif Ladid at Enterprise Utility Blockchain Summit in Bangalore, says that India will continue to be the world leader in IPv6 adoption.