Blockchain & crypto news from India
On Monday, Nirmala Sitharaman, Finance Minister said that the central government has no intention to accept Bitcoin as legal tender in India. Responding to whether the government is aware that Bitcoin transaction is quietly flourishing in the country in recent years, FM said that the Centre doesn’t gather any info on Bitcoin transactions in the…
The government has come up with a new crypto bill to be introduced during the winter session in the parliament, namely the Cryptocurrency and Regulation of Official Digital Currency Bill. According to media speculation, the new bill will “forbid the use of all private cryptocurrency” but will provide some leverage on certain cryptocurrencies to promote…
According to reports, PM Narendra Modi conducted a pivotal meeting on the way forward for crypto and related issues today. The important meeting comes after Shaktikanta Das, Governor of Reserve Bank of India (RBI) sounded serious on cryptos, warning investors of the possible risk of the digital currency. Das, on Wednesday, said that cryptos are…
MasterCard has launched a new Start Path global startup engagement program committed to assisting rapidly developing blockchain, digital assets and cryptocurrency firms. The declaration came as a continuation of digital assets work. 7 startups have already become a member of the program. They, along with MasterCard, look to accelerate and expand innovation around digital asset…
On Monday, the popular company Tesla announced that a $23 million bitcoin-related impairment brought about some pull on its quarterly operating income. The well-renowned firm only mentioned crypto or Bitcoin one time in its second-quarter announcement, after Elon Musk, CEO of the company seesawed on whether the firm would accept the digital currency for vehicle…
Amazon, the worldwide e-commerce firm’s current job posting suggested that Amazon is in a quest for a blockchain product and digital currency head for its payment team. A vacancy post by Amazon mentioned that its Payment Acceptance and Experience team is in search of an experienced product leader to create the company’s Digital Currency and…
RBI, (the Reserve Bank of India) has said that it is working towards a phased implementation master plan for its digital currency and inspecting use cases where it can be utilized with minimum disturbance. Presenting a strong justification in favor of a central bank digital currency (CBDC) for India, the RBI has said that it…
This Friday, on July 9th, 2021, International auction house Sotheby’s will accept payment in Ether or Bitcoin at the sale of a 101.38-carat diamond. This event will mark another milestone in the adoption of crypto. The name of the colorless diamond – Key 10138 – is predetermined to represent the important roles that keys occupy…
There is hype around the world regarding cryptocurrency. The virtual currency is enjoying a love-hate relationship with some nations. Having said that, there are many crypto-friendly countries where virtual currency has been a center of attraction. It’s been used as a mode of payment, long-term investment option and trading. Besides this, crypto coins like Ethereum…
Encountering hostility from the World Bank, opposition parties and IMF to his stand to make bitcoin legal tender in EI Salvador, President Nayib Bukele has promised $30 for each netizen who endorse the crypto. Began by Bukele, this month EI Salvador’s parliament accepted a law to allow the crypto money to be accepted as tender…