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HSBC India Completes Joint Blockchain-Enabled Transaction With India Holding Giant RIL

The Indian subsidiary of major global banking and financial services firm HSBC and India’s holding giant Reliance Industries (RIL) have completed a blockchain-enabled trade finance transaction, Indian business newspaper The Hindu Business Line reports Sunday, Nov. 4.The blockchain-powered letter of credit (LoC) transaction, reportedly the first of its kind in India, involved export by RIL […]
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Indian Officials Consider Ban on “Private Cryptocurrencies”

Agents of the Indian government have met to formally discuss a possible ban on private cryptocurrency holdings in the nation.On October 30, 2018, the Financial Stability and Development Council (FSDC) issued a press release detailing their recent meeting where they “reviewed the current global and domestic economic situation and financial sector performance.” The council seemed […]
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Don’t ‘Disadvantage’ Emerging Tech Like Blockchain, Says U.S. Telecoms Authority Chairman

The U.S. should not “disadvantage” emerging technologies such as blockchain due to “antiquated” regulations, the head of the country’s telecoms regulator told Indian daily news outlet Indian Express Friday, Oct. 26.Speaking while attending the India Mobile Congress 2018, Ajit Pai, chairman of the U.S. Federal Communications Commission (FCC), also called for a “conversation” with tech […]
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Cryptocurrency ‘Illegal’ In India Says Trade Organization Head

The head of an Indian nonprofit trade organization said cryptocurrency is “illegal,” and urged businesses to obey the law, local news daily the Hindu reported Thursday, Oct. 25.Debjani Ghosh, the president of the National Association of Software and Services Companies (NASSCOM), was cited by the Hindu saying that cryptocurrencies are illegal from NASSCOM’s perspective. NASSCOM […]
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Why Governments May (or May Not) Need Them

On October 20, The Bank of Japan’s (BOJ) deputy governor, Masayoshi Amamiya, repeated his negative stance towards central bank-issued digital currencies (CBDC), claiming that such digital currencies are unlikely to improve the existing monetary systems.The concept of CBDC, or national cryptocurrencies, has attracted many governments across the world. Some of them have already rolled out […]
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Bitconnect’s Tentacles From Texas to Gujarat

An American musical preludeBitconnect, the now-defunct crypto lending and exchange platform that has been ousted as a ruinous Ponzi scheme, has memorably been compared by the Silver Miller law firm to the fleeting 2011 Broadway musical “Wonderland,” based on the dizzying impossibilities of Alice’s adventures in Lewis Carroll’s celebrated novel.Silver Miller’s first class action complaint […]
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Government Sites in India Among Prime Targets for Cryptojacking, Research Shows

Official government websites have become a prime target for cryptojacking in India, The Economic Times (ET) reports today, September 17.Cryptojacking is the practice of infecting a target with malware that uses a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge.New research from cybersecurity analysts reportedly reveals that widely trusted government […]
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Goldman Sachs Says ‘No Thanks’ to Crypto Trading Desk, While India Sends Officials to ‘Crypto College’

Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.Top Stories This WeekBusiness Insider: Goldman Sachs Scraps Crypto Trading Desk PlansGoldman Sachs […]
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