Tagged: india

India Crypto Exchange Zebpay Launches in Malta

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

India’s cryptocurrency exchange Zebpay announced on Friday it officially commenced operations from Malta. The crypto exchange reported it received a welcome from Malta’s Junior Minister for Financial Services, Digital Economy and Innovation within the Office of the Prime Minister Silvio Schembri who expressed his satisfaction over… Read More

India’s HDFC Bank Launches Accelerator Engagement Program

India-based HDFC Bank announced on Monday the launch of its new Accelerator Engagement Program (AEP) under the Bank’s Centre of Digital Excellence (CODE). HDFC Bank reported through the new program, it will partner with leading start-up accelerators from across the globe to gain early access… Read More

Indian Fintech Bon Raises $1.1 Million to Bring Financial Services to the Gig-Economy

Bon, an India based Fintech that is providing credit to workers in the gig economy, has raised $1.1 million in seed funding led by Omidyar Network. Other funders in this round include early-stage investment firm Axilor Ventures and Better Capital’s AngelList India Syndicate. Bon provides financial services to workers,… Read More

Crypto Mining Malware Found on Hundreds of Indian Government Computers, IoT is Next

Security researchers in India have found malware that secretly mines cryptocurrencies on hundreds of local government computers, Economic Times reports. Sites for the Municipal Administration in Andhra Pradesh, Tirupati Municipal Corporation and Macherla municipality are among those affected. “CryptoJacking” attacks inject cryptocurrency mining malware (malevolent… Read More

Indian Cabinet Chaired by PM Modi Approves MoU on Blockchain Research

The Indian Cabinet, Chaired by Prime Minister Modi, has approved a Memorandum of Understanding (MoU) pertaining to “Collaborative Research on Distributed Ledger and Blockchain Technology in the context of Development of digital economy by Export-Import Bank of India (Exim Bank) with the participating member banks,… Read More

The Success Story of the Fintech Revolution in China

In the last couple of years, China has emerged as the global leader when it comes to the Fintech sector. It accounts for approximately 75% of the world market when it comes to online lending. It has seen tremendous growth in internet loan and third-party… Read More

Arizona and Illinois Ask Indian Officials to Seize Assets of Locals Implicated in Bitconnect Crypto Class Action Suit

Police Riot Gear Enforcement

Authorities in the state of Gujarat, India have been asked by representatives from Illinois and Arizona states to seize the property of Indian citizens accused of promoting Bitconnect, a “wide-ranging Ponzi scheme” that allegedly bilked investors out of an estimated $5.6 billion before it collapsed in… Read More

Paytm Adds Paytm Money Mutual Fund App to Wallet for its 850K Users Strong and Growing

Today Paytm‘s newest wallet addition, its Paytm Money app, went live on Android and iOS. In preparation for the launch, the platform reported reaped in 500K registrations to officially start Money’s operations with 850K users, with 65% of the users based in India’s top 15 cities. The announced… Read More

Russian Politician Floats Deployment of Nuclear Weapons to Syria, Development of Gold-Backed Cryptocurrency as Countermeasures to US Sanctions

A Russian lawmaker, Vladimir Gutenev, told Russian news agency TASS  last week that Russia should consider ‘an asymmetric response’ to US pressure and sanctions, including deployment of nuclear weapons to Syria, suspension of missile non-proliferation treaties and development of a gold-backed cryptocurrency to help Russian… Read More

Reserve Bank of India is Studying the Issuance of a Central Bank Digital Currency

The Reserve Bank of India (RBI) published its annual report this week and buried within the massive tome are many indications as to the banks perspective on Fintech. One item of note is the fact the RBI is currently studying the possibility of issuing a… Read More

India-Based Payments App Tez Rebrands to Google Pay Nearly One Year After Launch

Tez, an India-based mobile payments app, announced earlier this week it has rebranded to Google Pay. The rebranding comes nearly one year after Tez made its debut. Since launching in September 2017, Tez has reportedly attracted more than 22 million people and businesses, who use… Read More

Largest Independent Digital Remittance company in the US Boosts Transfers to India

Remitly, the largest private digital remittance Fintech HQed in the US, has boosted its money transfer service to India. The update moves its daily sending limit to $30,000 on money sent to India from the United States. Remittance payments around the world have become a… Read More

Paytm Launches AI Cloud Computing Platform  For India

Mobile wallet service provider Paytm announced on Tuesday it has launched its new AI Cloud computing platform in India. According to Paytm, the Paytm AI Cloud for India’ is geared towards Developers, Startups, and Enterprises. Paytm explained that the AI Cloud offers a suite of business-centric apps… Read More

Head of Indian BitConnect Scam Arrested

The man accused of leading the Bitconnect cryptocurrency pyramid scheme in India was arrested this weekend at an airport in New Delhi, Financial Express reports. Divyesh Darji was en route to Ahmenabad, the capital of the Indian state of Gujarat, from Dubai, where he had… Read More

El Petro: Venezuela Seeking to Amend Constitution to Set Up Crypto Central Bank

Reuters is reporting that the Government of Venezuela is seeking to amend the 1999 version of the country’s constitution so it can set up a special central bank to manage the country’s new national cryptocurrency, El Petro. According to a loose translation, National Constitutional Assembly Member… Read More

FinTech Hive Reports More Than 300 Applications Were Submitted For 2018 Accelerator Program Edition

FinTech Hive at DIFC, a fintech accelerator that was established by the Dubai International Financial Centre (DIFC), announced on Wednesday that more than 300 applications were submitted for the program’s 2018 edition. The accelerator began accepting application in May. As previously reported, FinTech Hive was… Read More

Indian Supreme Court Upholds Ban on Banks Doing Business with Crypto Exchanges

It just got a lot harder to buy cryptocurrencies in India. Close to the end of a three-month grace period granted to banks and customers affected by a ban on transfering money onto and off of cryptocurrency trading platforms, the Supreme Court of India has… Read More

Dubai International Financial Centre Announces New Fintech Partnership With Startupbootcamp

Dubai International Financial Centre (DIFC) announced on Tuesday it has formed a new partnership with Startupbootcamp to support the development of the growing fintech and venture capital ecosystem in the Centre as well as promote entrepreneurship in the region. According to the organization, this partnership… Read More

India’s Kerala District Trying Several Types of Industry Blockchain

The Kerala Development and Innovation Strategic Council (K-DISC), an advisory board tasked with finding technological ways to enhance the economy in the southwestern coastal Indian state Karala, has undertaken two blockchain initiatives to streamline operation in food distribution and farm insurance, Business Standard reports. The… Read More

Tweets by “Blockchain Lawyer” Indicate Reserve Bank of India Decided to Restrict Banking Services to Blockchain Companies with Little Research

In April of this year, the Reserve Bank of India (RBI) commented on the status of cryptocurrencies. The RBI stated “we have decided to ring fence the RBI regulated entities from the risk of dealing with entities associated with virtual currencies. They are required to… Read More

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