India based ICOs unfazed despite the recent crypto slump

323 0 Amidst the volatility of the crypto markets and the uncertainties over the regulations regarding them, Indian start-ups are not shying away from raising funds via ICOs.  But because of regulatory uncertainties in India over crypto-currencies and ICOs, domestic start-ups prefer conducting their offerings in places such as the Cayman Islands, Switzerland and Singapore. […]

Delhi Police holds session on cryptocurrency, officers find it a complex subject to understand

313 0 Delhi Police held a session for its officers on digital currency on Tuesday in the wake of rising cheating cases related to cryptocurrency in the national capital. A two-hour class at the Police Headquarters was attended by all senior officers including special commissioners, joint commissioners, and DCPs. NGO named Global BlockChain Foundation conducted […]

Rules on cryptocurrencies should be out soon: SEBI chief

416 0 Amid continuing volatility in bitcoin prices and growing concerns about investors’ safety, SEBI Chairman Ajay Tyagi said on Feb 10th that the regulations on cryptocurrencies should be out soon and the role various regulators will play is being finalized. “The day Budget was presented, on the next day itself we have requested DEA (Department of Economic […]

Indian Finance Minister states cryptos not legal tender in Budget speech

414 0 The official statements from Mr. Arun Jaitley, Finance Minister read as follows: “The Government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto assets in financing illegitimate activities or as part of the payment system. The Government will explore the use of blockchain […]