India’s First Smart Police Robot “Robocop” Arrives in Hyderabad

The future of police robots still remains unclear in this day and age. That is not entirely uncommon by any means, as this idea raises a lot of questions and criticism. Hyderabad, a city in India, is introducing its first police robot iteration to the masses. Hyberabad Sees Merit in Police Robots It is evident the future of robotics will look very different from what most consumers expect.

Pornhub Solves Indian ISP Block Without Resorting to Trickery

It has been a rather interesting, although problematic week for the Pornhub platform. Considering how this is often considered the world’s leading online adult content streaming platform, any developments are of great interest. Despite being blocked in India, the company still looks toward the future. That vision still firmly focuses on cryptocurrencies as well. Pornhub Steps up its Game in Different Ways The big news this week involving Pornhub comes out of India.

Recover My Bitcoins Or I’ll Blow Up Miami Airport: Indian Teen Threatens FBI

Scams are nothing new in the crypto industry. From ICOs that received money and then vanished to trading sites that went down with investors’ funds, there is no shortage of people who’ve lost their hard-earned money in their pursuit of the Bitcoin millions. For most, the logical next step was reporting the crime to authorities and letting them investigate. Not for one Indian teenager. The young man had received some money from his father to invest in cryptos and he had been doing well.

Darknet-Based Animal Trafficking Is on the Rise in India

The darknet is effectively influencing a lot of unsavory business models. While most of the focus lies on drug sales, there are plenty of other industries to be concerned about. Wildlife trafficking is quickly becoming a booming business in certain parts of the world. Especially in India, the darknet seems to play an even bigger role of importance than ever before. Animal Trafficking Spikes in Popularity Numerous reports have been issued regarding the decline of certain animal species.
Indian Officials Consider Ban on “Private Cryptocurrencies”

Indian Officials Consider Ban on “Private Cryptocurrencies”

Agents of the Indian government have met to formally discuss a possible ban on private cryptocurrency holdings in the nation. On October 30, 2018, the Financial Stability and Development Council (FSDC) issued a press release detailing their recent meeting where they “reviewed the current global and domestic economic situation and financial sector performance.

One-Week-Old Bitcoin ATM Seized In India, Owner Arrested

Barely a week after installation, India’s first Bitcoin ATM has been seized by the police. The ATM was installed in one of the country’s most popular malls and facilitated the withdrawal and deposit of Bitcoins. The police also arrested one of the co-founders of Unocoin, the company that had installed the ATM. The country’s crypto community has been embroiled in a battle with the country’s central bank and this latest move is bound to freshly spark the conflict. Unclear Regulatory Stance Blamed The crypto industry in India has been under intense crackdown and this has led to the closure of a number of crypto exchanges.

Indian Government Turns Fiat Currency War on to Cryptocurrencies

The cryptocurrency marketplace in India is facing a siege from multiple parts of the government as several incidents amount to a buildup of the Narendra Modi–led government’s actions on regulating cryptocurrencies. If the reports out of India are true, the IMF’s “fastest growing country among emerging economies” may have to meet its 7.

India’s Tax Authority Wants a Chunk of Your Bitcoin Profits

While India’s central bank warns citizens against investing in bitcoin, the country’s central tax agency is keen on taxing transactions and investments.

Indian Tax Authorities Visit Bitcoin Exchanges Across the Country

The Income Tax Department of the Indian government has reportedly swooped in on nine bitcoin exchanges to look into alleged tax evasion.

Indian Bitcoin Investors Face Paying Taxes on their Bitcoin Sales [Profits]

Investors in India are finding that they may be subject to paying tax after selling their bitcoin following the Reserve Bank of India’s (RBI) warning against trading in them.

Indian Central Bank’s Bitcoin Warning: A Sign of Fear?

On December 5, the Reserve Bank of India (RBI), the country’s central bank, cautioned investors of bitcoin, clarifying that the government is yet to regulate bitcoin and cryptocurrency exchanges within the local market.

India’s Central Bank Issues Bitcoin Warning [Rinse, Repeat]

For the second time this year, the Reserve Bank of India (RBI) has issued a public caution on cryptocurrencies and, specifically, bitcoin.
Bitcoin Price Nears $13,000 in India as Investors Join Boom Time Despite 30% Premium

Bitcoin Price Nears $13,000 in India as Investors Join Boom Time Despite 30% Premium

Bitcoin’s eye-popping rally leading this week’s all-time highs sees Indian investors rushing to grab a bite, despite the soaring premiums. India, much like anywhere else in the world, is seeing an unprecedented demand for bitcoin after the cryptocurrency surged to historic all-time high above $11,000 this week, within days of breaking through the $9,000 milestone on Sunday. Investors in the country, both retail traders and novice adopters are catching the bitcoin bug. “We are flooded with requests,” revealed one bitcoin executive at Coinsecure, a bitcoin exchange based in India’s capital of New Delhi.

Bitcoin in India: What Happens When the World’s Largest Remittance Market Regulates Bitcoin?

Earlier this week, CCN reported that the Supreme Court of India request the central bank and the authorities to provide clarity on the regulatory framework surrounding bitcoin and the cryptocurrency market. “According to Indian news daily The Hindu, three justices from India’s Supreme Court – the highest court in the country – have issued notices to the Finance, Law and Justice and Information Technology ministries, as well as the central bank (Reserve Bank of India) and market regulator (Securities and Exchange Board of India), demanding they respond to a petition seeking clarity on bitcoin’s legality in the country,” a CCN report read.

UAE’s RAK Bank Taps Ripple for Instant Blockchain Payments to India

RAK Bank, a retail and business bank in the UAE has partnered blockchain startup Ripple to power instant cross-border payments to retail customers to India, the world’s largest remittance receiver. The age of blockchain-powered, instant, low-cost bank remittances is slowly taking shape. RAK Bank, also known as the National Bank of Ras Al-Khaimah, an emirate in the UAE, is plugging into Ripple’s global bank-centric blockchain network RippleNet to enable live retail remittance payments to customers in Axis Bank in India.

UAE’s RAK Bank Taps Ripple for Instant Blockchain Payments to India

RAK Bank, a retail and business bank in the UAE has partnered blockchain startup Ripple to power instant cross-border payments to retail customers to India, the world’s largest remittance receiver. The age of blockchain-powered, instant, low-cost bank remittances is slowly taking shape. RAK Bank, also known as the National Bank of Ras Al-Khaimah, an emirate in the UAE, is plugging into Ripple’s global bank-centric blockchain network RippleNet to enable live retail remittance payments to customers in Axis Bank in India.

India’s Largest Bank Confirms Blockchain Rollout in December

The State Bank of India will launch two blockchain production-ready beta solutions next month, ready for use to 27 major Indian banks of the ‘BankChain’ consortium. Government-owned State Bank of India (SBI) is India’s largest banking corporation with assets over $460 billion amid a foothold in just about every financial services sector in the country. As a public sector bank, the SBI took the lead to establish India’s first financial blockchain consortium called BankChain, wherein participating banks and technology companies research, develop and implement blockchain applications in the financial industry.

India’s Supreme Court Pushes the Government to Regulate Bitcoin

The Indian Supreme Court has called on the central government to set to task the process of regulating bitcoin. According to Indian news daily The Hindu, three justices from India’s Supreme Court – the highest court in the country – have issued notices to the Finance, Law and Justice and Information Technology ministries, as well as the central bank (Reserve Bank of India) and market regulator (Securities and Exchange Board of India), demanding they respond to a petition seeking clarity on bitcoin’s legality in the country.

Bitcoin Legality Debate Heads to India’s Supreme Court

The lack of clear governmental policies over cryptocurrencies like bitcoin has seen a clarity-seeking petition land in India’s supreme court, the highest court in the country. Bitcoin is not officially ruled as a legal payment instrument in the country. It isn’t illegal either. The official stance, according to notice by India’s central bank in February – a rehash of a 2013 statement – asserts “it has not given license/authorization to any entity/company to operate such schemes or deal with Bitcoin or any virtual currency.

India’s Central Bank isn’t Adopting Bitcoin for Payments or Settlements

An official for the Reserve Bank of India, the country’s central bank, has reaffirmed the authority’s stance in avoiding cryptocurrencies like bitcoin. A director at the Reserve Bank of India (RBI) has drawn a line on the central bank’s current stance on bitcoin, predictably stating the authority isn’t interested in adopting the cryptocurrency. RBI director Ganesh Kumar was speaking at a banking event when he fielded a query about bitcoin from the audience.

India’s Bitcoin Boom: Zebpay Forecasts 500k New Users Monthly in 2018; Hits 1 Million App Downloads

Indian bitcoin wallet and exchange platform Zebpay strikes a million downloads of its app-only service on Android and forecasts half a million new users a month, up from 200,000 currently. Launched in 2015, bitcoin startup Zebpay is now among India’s major bitcoin exchanges alongside Unocoin and Coinsecure. Unlike its competitors, Zebpay has adopted an app-only model in a country where mobile tariffs are among the cheapest in the world with a soaring adoption rate of smartphones. “We worked hard to understand and solve the pain point of understanding bitcoins,” explains co-founder Saurabh Agarwal in a Forbes interview.

India’s Central Bank is ‘Working’ on Bitcoin Regulation: Official

The deputy governor of India’s central bank has revealed the authority is working on a regulatory policy for cryptocurrencies like bitcoin in the country. According to Indian business daily Economic Times, Reserve Bank of India (RBI) deputy governor NS Vishwanathan was speaking at an event in the city of Kolkata when he was asked if the RBI would encourage cryptocurrency adoption in India.

India Trials a Power Grid on the Blockchain to Incentivize Sustainable Energy

Access to reliable energy is the foundation of economic development and human society. Yet reliable energy can come at a steep environmental cost. Today’s energy systems are being rapidly reexamined and transformed by both private businesses and public organizations.

Indian State Fights Land & Property Fraud with Blockchain Pilot

The Indian state of Andhra Pradesh is partnering an industry startup to develop a blockchain for land registration to transparently track the ownership of property. The government of Andhra Pradesh, a state in southern India, is working with Swedish FinTech startup ChromaWay toward a blockchain-powered solution to fix centralized, inefficient and often erroneous government databases storing property records. “The current [recording] system is rife with corruption,” revealed special chief secretary IT advisor to the chief minister of the state J.
Indian P2P Car Share Startup Drivezy Raises $10 Million, Accepts Bitcoin & Announces ICO

Indian P2P Car Share Startup Drivezy Raises $10 Million, Accepts Bitcoin & Announces ICO

Indian P2P car and bike sharing platform Drivezy is accepting bitcoin as a method of payment and has announced an ICO for a P2P sharing marketplace after raising $10 million in funding. Drivezy, a Y-Combinator-backed startup formerly known as JustRide, has just raised $10 million in a part-equity and part-debt round of fundraising. The platform has also begun accepting bitcoin for payments to capitalize on the growing popularity of the cryptocurrency in the country. The $10 fundraising round sees $5 million in equity investments from Japanese and American investors including Das Capital, IT Farm and Axan Partners.