Blockchain & crypto news from India
Tata Steel has accomplished a blockchain-enabled paperless export order with Bangladesh’s metal major. This is the first such transaction accomplished between a counterparty in Bangladesh and an India-based firm. Primarily, Tata Steel, in a global first for the steel industry, had utilized a blockchain platform launched by HSBC to accomplish a trade finance deal with…
Today, SEC or the U.S Securities and Exchange Commission declared the title of the upcoming cryptocurrency panel for its December 2 Investor Advisory Meeting. The title will be ‘Helping to Ensure Investor Protection and Market Integrity in the Face of New Technologies’. Earlier, on Nov.15, the Commission declared the meeting would be open to 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…
In the beach town of Mizata, President Nayib Bukele announced to a crowd of cheering Bitcoin lovers that El Salvador plans to issue the world’s first sovereign Bitcoin bonds and create Bitcoin City, which will be free on property, income and capital gain taxes. While sharing the stage with the President, the chief strategy officer…
A detailed bill on cryptos is expected to be presented for clearance at a meeting of the Union Cabinet prior to or during the winter session beginning from November 29. According to sources, once the bill describing the regulation of cryptos, the purpose to tax earnings from them and their classification gets Cabinet’s nod, it…
Superstar Amitabh Bachchan’s non-fungible token (NFT) collection experienced a strong response from buyers on day 1. Beyondlife.club, an NFT exchange platform launched the actor’s NFT collection. It said that his NFT has exceeded all records of NFT bids in India so far. Bachchan’s ‘Madhushala’ NFT collection earned the highest ever biding in the country at…
On Thursday, in his first public comments on cryptos, PM Modi cautioned that bitcoin presents a risk to younger generations as his government gets ready to introduce legislation to regulate digital currencies. The PM’s warning comes days after he had discussions on how to step ahead regarding crypto in India, with problems raised on unregulated…
Ethereum is planning to take progressive steps towards being fully inflationary after it noticed seven consecutive days of negative disbursement. The recent downside trend of Ethereum is because of the new London upgrade policy. As per the market, the online transition of Ethereum 2.0 will fully lead to deflationary steps and mindset to the exchange…
India is thinking of not likely going ahead with cryptocurrency, for doing transactions or making payments. However, one can invest in cryptocurrency and held them like assets, the same way how people do investments in gold, shares and bonds. As per the reports, Indian government authorities may still not put a complete ban on crypto….
A city lawyer has filed a PIL (public interest litigation) for a legal framework and laws to be put in place to regulate the utilization of crypto in India. The PIL before Bombay HC call attention to the unregulated business of crypto and seeks direction to the Ministry of Finance, Centre, Reserve Bank of India,…