On July 26th, the Indian state of Telangana announced initiatives to leverage blockchain to mitigate the pervasive corruption and fraudulent activity embedded in state and national governments. The news comes one month after the state began implementation of blockchain solutions to increase transparency in the government’s land registry and revenue departments. . Indian Supreme Court Asks Government to Regulate Bitcoin . The Supreme Court of India has called on the government to introduce regulation of the use of Bitcoin in the country.
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The move comes amidst an unprecedented cryptocurrency ban instituted by the Indian government. The new Malta-based exchange, which will still be called Zebpay, will offer cryptocurrency trading services to customers in 20 countries, all of which are located in Europe, but will not offer trading to …. The Indian Supreme Court has asked the government to respond to calls to regulate bitcoin. Three justices issued a notice to the central bank, the market regulator, the tax department, and several
The Indian government has reportedly filed an affidavit with the country’s supreme court detailing its progress on cryptocurrency regulations. “Serious efforts are going on” to prepare the draft crypto bill and report, the government explained. . /9/2018Btc ind Bitcoin india indian btc news. Bitcoin india btc news india indian government talk about btc Abhishak Bankar. Bitcoin Today latest update - क्या Bitcoin $7500
The Indian government is finally planning regulations on cryptocurrencies such as Bitcoin, Ethereum by next month. The government recently published a document …. India’s government is keeping a watchful eye on companies dealing with bitcoin to look for any potential abuse of them ‘luring’ investors. As bitcoin soars to unprecedented heights in valuation, the Indian government, through its corporate regulator, is reportedly looking into …
The Indian supreme court has been trying to hear the petitions against the crypto banking ban by the central bank, the Reserve Bank of India (RBI). On Oct. 25, the court directed the government to file a counter-affidavit within two weeks, detailing its crypto regulatory progress. The court. The Indian supreme court has been trying to hear the petitions against the crypto banking ban by the central bank, the Reserve Bank of India (RBI). On Oct. 25, the court directed the government to file a counter-affidavit within two weeks, detailing its crypto regulatory progress. The court
Bitcoin platforms and exchanges may soon come under the scanner of enforcement agencies after the Indian government likened them to ‘Ponzi schemes’ recently.
Kirit Somaiya, an Indian politician of the Bharatiya Janata Party, recently described Bitcoin as a Ponzi scheme and claimed that self-regulation is not permitted. However, the Indian government seemed to disagree with Somaiya’s claims and is looking to regulate Bitcoin.
Bitcoin And The Indian Government. Over the past few years, despite the lack of regulations in the Indian digital currency industry, a few Bitcoin exchanges have sprung up and started operating with self-regulated trading platforms with strict Know Your Customer (KYC) and anti-money laundering systems in …
The Indian government is reportedly considering its own digital currency, similar to bitcoin. The central government of India has discussed the proposal with a committee of government officials, according to an unnamed source, reports the Business Standard.
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