India

India’s Defense Minister Touts Blockchain, AI Role in Warfare

India’s defense minister believes blockchain technology is the next step in contemporary warfare. Speaking at an 80-nation plus envoy roundtable Monday before the country’s DefExpo 2020 conference this coming February, defense minister Rajnath Singh said blockchain, artificial intelligence and big data are needed for next iteration of combat, according to The Times of India. According …

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10th-Largest Indian State to Release Policy for Blockchain and AI

The Indian state of Tamil Nadu is reportedly working on a state-level policy for blockchain technology and artificial intelligence (AI). On Oct. 31, local news outlet The Times of India reported that Tamil Nadu, the 10th-largest state in India, is working on separate policies for blockchain and AI which could be released as soon as …

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Indian Crypto Trading Volumes Accelerate on Positive Sentiments

<header class=”article__header”> </header> <strong>Cryptocurrency trading volumes in India have accelerated despite regulatory uncertainty and banking restrictions imposed by the Reserve Bank of India (RBI). Global trading platforms and service providers have also been expanding their operations to serve Indian users.</strong> Also read: Mistakes Crypto Owners and Traders Should Avoid Strong Trading Volume Growth Banking services …

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State Bank of India Chief Says Crypto Regulation Is a Must

<header class=”article__header”> </header> <strong>The chairman of the State Bank of India (SBI) has spoken in favor of cryptocurrency regulation in an interview. He believes that it is necessary to regulate cryptocurrencies. Last week, the chairman attended IMF meetings in Washington, D.C., with Finance Minister Nirmala Sitharaman.</strong> Also read: India’s Popular ‘Who Wants to Be a …

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The Demand for Permissionless Freedom Is Just Getting Started

<header class=”article__header”> </header> <strong>Every year the world seems to be getting crazier and more people are starting to realize that it stems from oppressive government transgressions against a peaceful society. The world has noticed millions of people from France, Hong Kong, Venezuela, Indonesia and more are rising up because citizens are sick and tired of …

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Cashaa Launches Banking Solution for Indian Crypto Owners

<header class=”article__header”> </header> <strong>Banking services platform Cashaa is offering a solution for Indian crypto owners facing banking restrictions imposed by the country’s central bank, the Reserve Bank of India (RBI). The service allows users to deposit up to 1 crore rupees (~$141,012) per month to purchase cryptocurrencies.</strong> Also read: Indian Finance Minister Answers Crypto Questions …

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Indian Finance Minister Answers Crypto Questions at IMF Meeting

<header class=”article__header”> </header> <strong>At an IMF and World Bank meeting, Indian Finance Minister Nirmala Sitharaman talked about cryptocurrency and stablecoins when asked about Facebook’s Libra digital currency project. RBI Governor Shaktikanta Das also addressed the subject at the conference.</strong> Also read: Indian Supreme Court Postpones Crypto Case to November, New Date Confirmed Finance Minister Talks …

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Minister Says India, Like Other Nations, Extremely Cautious on Libra

Finance Minister Nirmala Sitharaman has said that India — like many others, in his view — is showing a high degree of caution in regard to Facebook’s Libra. During last week’s 2019 Annual Meetings of the International Monetary Fund and the World Bank in Washington, D.C. — which included a discussion of the Libra project …

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Samsung SDS Partners With Tech Mahindra for a New DLT Product

Samsung SDS, the IT subsidiary of global tech giant Samsung, has announced a joint initiative to launch a new blockchain-based traceability product. To develop the new project, Samsung SDS partnered with American software firm Pega and Tech Mahindra, a subsidiary of major Indian multinational conglomerate holding company Mahindra Group, according to a press release on …

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Indian Supreme Court Postpones Crypto Case to November

<header class=”article__header”> </header> <strong>The Supreme Court of India on Tuesday once again postponed hearing the case against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case today.</strong> Also read: RBI Ban …

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