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“# 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…
“# India crypto ban is like banning internet, says former Coinbase CTO ” Former Coinbase chief technology officer Balaji Srinivasan thinks India’s impending cryptocurrency ban would be akin to banning the internet and could cost the country trillions of dollars in potential profits. Speaking in an interview with The CapTable, Srinivasan said a blanket ban…
“# Jack Dorsey and Jay-Z to set up 500 BTC blind Bitcoin trust in India, Africa ” Twitter CEO Jack Dorsey has announced the creation of a blind Bitcoin (BTC) development trust worth 500 BTC ($23.7 million), along with rapper Jay-Z, for teams working on the project in India and Africa. Dorsey revealed the creation…
“# India’s crypto ban is coming, hodlers to be given transition period: Bloomberg ” An anonymous source claiming to be a senior Indian Finance Ministry official has claimed that the use of crypto assets will soon be completely banned in the world’s second most populated country. Speaking to Bloomberg, the source claimed that the use…
“#The mysterious tale of India’s TikTok ban and a flower picture getting 75M daily hits” India banned TikTok and 59 other Chinese apps last year. This gave birth to a bunch of other short video apps that have expanded rapidly and receive millions of hits every day. But there’s something else that gained a ton of…