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Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000
25.9.2019
The Reserve Bank of India has imposed regulatory restrictions on a cooperative bank with 137 branches across India, including limiting customer withdrawals to a total of 1,000 rupees (approximately $14) per account for six months. Police personnel had to be deployed to control angry customers...
Indian Car Manufacturer Tata Motors Calls for Automotive Blockchain Tech
18.9.2019
Indian car manufacturer Tata Motors has launched a program for startups seeking blockchain solutions for the automotive industry
Indian Parliament Member Helping Crypto Community Influence Regulation
17.9.2019
The Indian crypto community has made progress towards influencing the government’s crypto policies. Some industry leaders have met with an influential lawmaker who has agreed to help bring about positive crypto regulation in the country. Also read: India’s Popular ‘Who Wants to...
India’s Proposed Bitcoin Ban Is Already Driving a Crypto Exodus
16.9.2019
Local industry and talent critique legislative recommendations that would make India “the first large democracy to ban an innovative technology such as crypto”
European Countries Step Up Response to Facebook’s Libra
16.9.2019
The European Central Bank (ECB) and a number of countries in the region have stepped up their efforts in response to Facebook’s Libra, which has revived a competing ECB project for instant payments. As Facebook engages Switzerland’s financial regulator, the ECB clarifies how Libra...
At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows
16.9.2019
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....
Tiger Global and Lightspeed Lead $67 Million Funding Round in India’s OkCredit
13.9.2019
Over the past three decades or so, India has emerged as one of the biggest economies in the world. The advancements have fueled much of the country’s economic growth in the tech services sector, but over the past five years or so, a vibrant startup scene has evolved. From e-commerce payments...
Bengaluru Fintech Summit Identifies Promising Tech Startups Paving Way for India’s Leadership in Digital Era
13.9.2019
Fintech Storm hosts a landmark Bengaluru Fintech &Crypto Summit 26-27 September to identify promising emerging tech startups and catalyse the startup funding ecosystem. Young techies and entrepreneurs should step up to pave way for India’s tech leadership in the fourth industrial...
Indian Lawmaker Raises Hope of Positive Crypto Regulation
12.9.2019
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...
New Study Reveals Countries With Most Registered Crypto Exchanges
11.9.2019
The largest number of registered digital currency exchanges are located in the U.K., the U.S., Hong Kong and Singapore, per a recent report
Paytm owner One97 in Discussions to Acquire Stake in Yes Bank
10.9.2019
There was a time when Yes Bank was one of the shining lights of the dynamic private banking sector, but over the past year or so the bank has lurched from one crisis to another. During this period, its stock price has plunged significantly as well and hence; it has gone for a range of …
The...
Crypto’s Moment of Fame on India’s Popular Show- ‘KBC’?
10.9.2019
Regardless of India’s regulatory sternness around the cryptocurrency industry, the boom around the new age cryptocurrency couldn’t be ignored. An Indian television show- ‘Kaun Banega Crorepati’ which runs parallel to the concept of the popular show- ‘Who Wants to be A Millionaire’; recently...
India’s Popular ‘Who Wants to Be a Millionaire’ Show Gives Crypto a Boost
10.9.2019
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...
Crypto Exit Scams — How to Avoid Falling Victim
9.9.2019
Exit scams have plagued the crypto industry for quite some time, here is a closer look at how to best avoid such fraudulent schemes
Indian Government’s Steering Committee submitted its Final Report on Fintech-related Issues
5.9.2019
The Indian Ministry of Finance declared recently that the Steering Committee on Fintech-Related Issues had presented its last report to the finance minister. The committee was established by the DEA (Department of Economic Affairs) under the chairmanship of Subhash Chandra Garg who was the...
Indian Government’s New Report Views Crypto Positively
4.9.2019
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. Also read: Indian...
High-Level Indian Panel Working on Far-Reaching Reforms in Country’s Fintech Sector
3.9.2019
The Fintech sector has become one of the fast-growing sectors globally, and it has become an important sector in India as well, which remains one of the biggest economies in the world. The government of India has pushed the usage of Fintech solutions for the everyday transaction and came up with...
Indian Exchanges Innovate as Calls for Positive Crypto Regulation Escalate
3.9.2019
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...
Indian IT Giant Tech Mahindra to Launch Blockchain Finance Management
3.9.2019
Tech Mahindra partnered with DLT startup Adjoint to launch a blockchain financial management and insurance solution
Nomura and Nomura Research Announce a New Joint Venture Boostry
2.9.2019
Nomura Research Institute, Ltd. (NRI) announced that they have established “Nvantage India Private Limited” (NVANTAGE), a joint venture between NRI and Nomura Holdings, Inc. Nomura is one of the prime providers of business consulting and system services. Nomura has a net revenue of more than...