India’s Belfrics exchange restarts trading amid RBI crypto ban
Belfrics has also added four more cryptocurrencies—Bitcoin Cash, Ether, Ripple and Litecoin—to its platform.
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Coinsecure to reimburse users affected in $3M theft—with a catch
Coinsecure announced that customers affected by the April cryptocurrency theft only have until June 30 to file their claims.
India’s Kerala looks to blockchain for supply chain management
The Kerala Development and Innovation Strategic Council (K-DISC), will use the technology to manage the purchase and distribution of a number of goods, including fish, vegetables and milk, among others.
Reserve Bank of India admits to banning crypto sans research
The Reserve Bank of India admitted it issued a ban against cryptocurrencies without fully understanding the industry.
Police in India shut down cryptocurrency scam
The alleged scam involved the Flinstone Group, a real estate company that allegedly promised to give investors flats and citizenship in Africa and the Caribbean countries. The company also had a cryptocurrency named MoneyTrade Coin.
India turns down Venezuela’s cryptocurrency deal
The government of India has rejected the state-backed Petro cryptocurrency despite Venezuelan President Nicolas Maduro’s offer of a 30% discount if India uses Petro to pay for its crude oil purchases.
India telecom authority turns to blockchain to curb unwanted calls
The Telecom Regulatory Authority of India (TRAI) has found another use for the blockchain—helping to stop unwanted telemarketing phone calls and text messages.
India eyes 18% tax on cryptocurrency trading: report
An 18% tax is being examined on all cryptocurrency trading by India's Central Board of Indirect Taxes and Customs, according to reports.
CoinRecoil suit against RBI goes before the Supreme Court
The Supreme Court issued an order that moves all pending petitions linked to the CoinRecoil’s suit against the Reserve Bank of India to the top court.
Court junks RBI injunction over crypto exchange ban
At least 11 cryptocurrency exchanges in India had requested an injunction against the Reserve Bank of India, but that has now been denied by the country’s Supreme Court.
Flintstone Tech joins fight against India central bank’s crypto ban
Flintstone Technologies Pvt. Ltd. has petitioned the courts to reverse the Reserve Bank of India’s bank on banks working with cryptocurrency exchanges. The Delhi High Court will hear the case on May 24.
India’s Koinex rolls out zero-fee, crypto-to-crypto trading pairs
Koinex announced that it would be introducing no less than 23 crypto-to-crypto trading pairs with no fees—an added incentive for new cryptocurrency investors who are hoping to enter the market in a big way.