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India

At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows

<header class=”article__header”> </header> <strong>In a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession.</strong> Also Read: Money …

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Indian Lawmaker Raises Hope of Positive Crypto Regulation

<header class=”article__header”> </header> <strong>A member of the upper house of the Indian parliament has given the crypto community some advice on what can be done to influence the government’s crypto decisions. He encourages anyone to reach out to him and discuss their concerns, including issues related to the draft bill to ban cryptocurrencies in India. …

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India’s Popular ‘Who Wants to Be a Millionaire’ Show Gives Crypto a Boost

<header class=”article__header”> </header> <strong>One of the most popular reality TV shows in India called Kaun Banega Crorepati, based on the show ‘Who Wants to Be a Millionaire,’ has just given crypto a boost. A contestant on the show was asked a question about Facebook’s Libra cryptocurrency, and the show’s host, Amitabh Bachchan, proceeded to explain …

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Indian Government’s New Report Views Crypto Positively

<header class=”article__header”> </header> <strong>A new Indian government report has put cryptocurrency in a positive light, viewing the mechanisms surrounding it, including initial coin offerings, as “revolutionizing the global fintech landscape.” The report also discusses the regulation of coins and tokens.</strong> Also read: Indian Exchanges Innovate as Calls for Positive Crypto Regulation Escalate Steering Committee’s Report …

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Indian Exchanges Innovate as Calls for Positive Crypto Regulation Escalate

<header class=”article__header”> </header> <strong>Indian crypto exchanges are innovating, launching new products and improving services for their users, despite the country’s regulatory uncertainty and unresolved banking restrictions. Meanwhile, the Indian crypto community continues its efforts to convince the government that the draft bill to ban cryptocurrencies is flawed, calling for positive regulation instead.</strong> Also read: Crypto …

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Indian IT Giant Tech Mahindra to Launch Blockchain Finance Management

Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, partnered with American distributed ledger technology (DLT) firm Adjoint to launch a blockchain financial management and insurance solution. Telecommunications industry news outlet CommsMEA reported on Sept. 2 that the solution is the first of its kind. With this service, clients will reportedly be able to …

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Crypto Can Boost Indian Economy – How Banning Will Hurt it

<header class=”article__header”> </header> <strong>The Indian economy is experiencing severe economic slowdown not seen in many years, and cryptocurrency can potentially help. However, the government is considering a draft bill to ban cryptocurrencies, which could have undesirable consequences on the economy. Meanwhile, the Indian crypto community has already been enduring a banking ban by the central …

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India’s Kerala Blockchain Academy Partners with R3 for Dev Education

The Kerala Blockchain Academy (KBA), a government initiative under the Indian Institute of Information Technology and Management, is now a general partner of R3. Local news outlet The Economic Times reported on Aug. 27 that New York-based enterprise blockchain firm R3 chose the KBA as a general partner. According to the article’s author, the academy …

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Market Update: Economists Envision Global Recession While Crypto Prices Soldier On

<header class=”article__header”> </header> <strong>Last week cryptocurrency prices bounced around after a majority of coins dropped in value on August 21. Today on August 26, digital currency markets have gained around 1.52%, gathering $4 billion since the initial slump. Despite the volatility, cryptocurrencies have consolidated and a few speculators believe a breakout is on the cards …

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India Facing ‘Unprecedented’ Economic Slowdown, Extraordinary Steps Urged

<header class=”article__header”> </header> <strong>Many signs indicate that the Indian economy is under grave stress, affecting nearly all sectors. “India’s economy is in a deep mess,” due to initiatives such as demonetization and GST, some lawmakers say, as they urge the government to handle the situation “which is intensifying on a daily basis.”</strong> Also read: Indian …

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