Maharashtra issues verifiable diplomas on Polygon
MSBSD (Maharashtra State Board of Skill Development) has issued around 100,000 verifiable digital diplomas anchored on the Polygon blockchain using the LegitDoc platform.
Cryptocurrency is an Electronic Code with No Practical Use, Says RBI Deputy Governor
In a recent speech given on March 2, 2022, RBI deputy governor, T Rabi Sankar, elaborated on the concept of cryptocurrencies, their nature, and arguments for and against a ban in India. Excerpts from the speech published on the RBI website. Why were cryptocurrencies created? “Some people felt that intermediation by banks is avoidable. Either…
New blockchain council on the cards post dissolution of BACC
After the termination of the Blockchain and Crypto Assets Council (BACC) by the Internet and Mobile Association of India (IAMAI), blockchain firms and cryptocurrency exchanges are working to create an independent think tank on upcoming issues within the sector.
India turns to G20 for crypto inclusion in ‘Automatic Exchange of Information’
Finance Minister of India, Nirmala Sitharaman has tuned to the G20 nations to include cryptocurrency within the ‘Automatic Exchange of Information’ framework. Over 100 nations have adopted the Common Reporting Standard under the framework. The finance minister discussed crypto during the G20 Ministerial Symposium on Tax and Development in Bali, Indonesia on Friday.
IAMAI decides to dismantle BACC
The IAMAI (Internet and Mobile Association of India) has made it clear to dismantle the BACC (Blockchain and Crypto Assets Council), which was created to represent cryptocurrency exchanges before authorities such as RBI (Reserve Bank of India) and other main government departments. As per two sources, IAMAI decided to distance itself from crypto.
Bengaluru to host blockchain hackathon
‘Building Future Cities’, a 2-day blockchain hackathon will be organized in Bengaluru from August 5.
Digital Pratik’s ‘JorrDaar’ event was the first such in India with NFT Tickets
Many NFT collectors of India came together near the Ahmedabad Airport to attend a special event, the first of its kind, at the party hall at Club 07. Web3 evangelists and entrepreneurs discussed digital transformation from art to assets to almost everything at the JorrDaar NFT event. But what made it more interesting was that…
BACC asks NPCI to restore the UPI service to Indian crypto exchanges
In a letter, the Blockchain and Crypto Assets Council has requested a meeting with the inter-bank retail settlements and payments body to understand and discuss the issues around the cryptocurrency trade. BACC has also asked NPCI that many of the cryptocurrency exchanges strictly adhere to NPCI protocols and KYC and asked it to restore the…
India’s Central Bank Digital Currency requires a graded approach: RBI
In the annual report for the year 2021-22, the Reserve Bank of India has said it was proceeding to take the path of a “graded approach” towards the preliminary intro of the Central Bank Digital Currency. It said that the structure of the central digital coin requires to be in line with the goals of…
Athey Nallatha, Kerala’s Pickle Maker, Shares Early Struggles, Adopting Crypto and the Latest NFT Art Release
Blockmagic: Please share with us your early struggles and what inspired you to start this business. Akshay: Sure, so me and my partner Hafez Rahman were working in a different organization. We also had prior work experience, and in the core time of corona, a lot of people started losing jobs. I and Hafez have…