Blockchain experts and cryptocurrency enthusiasts across India are excited and instilled with a new hope, because Reliance Industries, India’s largest corporate and business conglomerate plans to launch their own cryptocurrency called…
High Net Worth Indians will be served with Income Tax Notice if they have not declared their investments in bitcoins to the Income Tax department.
Police have busted a Bitcoin Ponzi Scheme worth Rs. 50 Crores & also shutdown fraudsters who's looted 50 lakh from people online with the lure of Lucky Draw
A 30% capital gains tax can be mandated on all bitcoins profits, if they are held for less than 3 years, & 20% tax, if they are held for more than 3 years.
South Indian Bank, which has major presence in Middle East & African countries, will now use blockchain technology for faster overseas remittance & payments
Mobile payments is still in its early stages, in India & on a global level. While there is widespread awareness, the actual usage numbers are disappointing.
Infosys has just released a comprehensive banking solution package, Finacle Trade Connect, which uses blockchain for performing major banking operations.
Axis Bank has partnered with Ripple to use blockchain for instant cross-border money transfer mechanism, a process which takes up to 3-4 days in India.
RBI is open to use blockchain, the technology powering several cryptocurrencies like bitcoins. But it has warned against the actual use of Bitcoins in India
The deep web is a place where you can buy almost anything. A cryptocurrency like bitcoins is a relatively new concept in India & it is already being misused