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“# Public, private actors in Delhi trial blockchain-based solar energy trading ” Tata Power DDL, a leading electricity distribution company that serves over seven million residents in North Delhi, is piloting a solar energy trading project together with Australian blockchain firm PowerLedger and the India Smart Grid Forum, or ISGF. The pilot, which runs until…
“# Crypto bank opens physical location in India’s capital as potential regulatory ban looms ” India’s Unicas crypto bank opened its third physical branch last week in New Delhi. Previous locations were launched in Jamnagar and Jaipur. Unicas reportedly allows customers to access fiat and crypto services at the bank, and provides digital loans using…
“# Central bank digital currency a mixed blessing, says RBI ” India’s central bank has recognized the potential benefits of central bank digital currencies but not without including a few pitfalls. The Reserve Bank of India offered its assessment of CBDCs as part of its report on currency and finance issued on Feb. 28. As…
“# India’s largest crypto exchange adopts decentralized Unstoppable Domains ” India’s largest cryptocurrency exchange, Unocoin, has adopted the blockchain-based Unstoppable Domains, which simplifies crypto transactions by turning blockchain addresses into human-readable web URLs. Announced on Wednesday, the partnership between Unocoin and Unstoppable Domains — both funded by Silicon Valley investor Tim Draper — is expected…
“# India’s central bank ‘very much in the game‘ with digital currency project ” Indian authorities continue to express support for a government-backed digital currency to replace privately-issued cryptocurrencies. According to Bloomberg, RBI governor Shaktikanta Das has expressed the central bank’s determination to create a digital rupee. According to Das, India’s central bank is “very…
“# India’s Warren Buffet says Bitcoin hangover will be worse than the party ” The billionaire investor known as India’s Warren Buffet, Rakesh Jhunjhunwala, has voiced his support for India’s impending cryptocurrency ban, warning that the hangover from Bitcoin (BTC) mania will be worse than the party itself. Jhunjhunwala, speaking on CNBC’s Street Signs Asia…
“# State Bank of India joins JPMorgan’s blockchain payments network ” The State Bank of India, or SBI, a major Indian government-owned bank, is looking to improve cross-border payments with a blockchain solution by American investment bank JPMorgan Chase. According to a Feb. 23 report by The Economic Times, the SBI has joined Liink, a…
“# India securities regulator to reportedly bar IPO promoters from holding crypto ” In what seems to be another anti-crypto move by regulators in India, IPO promoters may soon be forced to sell their crypto holdings before being allowed to participate in raising funds. According to a report by the Economic Times, the Securities Board…
“#Amazon skirted regulations to expand reach in India: report” Amazon formed ties to massive e-commerce merchants and skirted regulations to expand in India — hurting the small businesses it has publicly pledged to help, a new report says. Seven years of internal documents obtained by Reuters spell out how Amazon privileged big businesses as Indian…
“#India’s dramatic fall in COVID-19 cases leaves experts stumped” NEW DELHI — When the coronavirus pandemic took hold in India, there were fears it would sink the fragile health system of the world’s second-most populous country. Infections climbed dramatically for months and at one point India looked like it might overtake the United States as the country…