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Indian Supreme Court Orders RBI to Answer Crypto Exchanges, New Date Set


After hearing the arguments against the banking restriction by the Reserve Bank of India (RBI) in detail, the Indian supreme court directed the central bank to reply to the representations filed by crypto exchanges. Since the RBI has not adequately answered them, the court set a new date to resume...

RBI Defends Its Power Over Crypto in Indian Supreme Court


The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also...

Indian State of Maharashtra to Use Blockchain in Various Spheres


The second major Indian state, Maharashtra is preparing a regulatory framework for analyzing blockchain technology for various spheres. As per the reports published by DNA on 19th August, the government of Maharashtra has decided to explore the blockchain technology for multiple fields. As per...

Central Banks Worldwide Testing Their Own Digital Currencies


Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden....

India’s Reliance Jio Announces 10 Year Partnership with Microsoft Azure


It is a well-known fact that cloud computing services now power some of the world’s biggest companies, and over the years, the importance of cloud service companies is only going to rise exponentially. In that regard, Microsoft has come up by leaps and bounds with its cloud service known...

Indian Supreme Court Heard Crypto Case in Depth Today


The Indian supreme court finally heard the crypto case today after postponing it several times. The court addressed the government’s crypto policy as well as the writ petitions challenging the banking restriction by the central bank. The latter was heard in some detail while the former...

Amazon in Discussion over Buying Stake in Reliance Retail


Amazon’s foray into India has been largely successful and the company’s Indian business has slowly but steadily grown into one of the most important players in the e-commerce space in the second biggest economy in Asia. However, the competition is now heating up as more and more companies enter...

Indian Government Updates Parliament on Crypto Plans


The Indian parliament has repeatedly asked the finance minister about the government’s plans for cryptocurrency. In July alone, the Ministry of Finance answered three sets of questions: two in Rajya Sabha, the upper house, and one in Lok Sabha, the lower house of the parliament. Also read:...

Indian Finance Minister Addresses Crypto Proposal – Industry Responds


India’s finance minister has broken silence and talked about the crypto draft bill and report her department is examining which propose to ban cryptocurrencies. While she views the report as “very futuristic and well-thought-out,” the crypto industry sees it as flawed...

Café Coffee Day Founder VG Siddhartha Goes Missing


In a shocking turn of events, the founder of India’s biggest coffee chain Café Coffee Day, VG Siddhartha, has gone missing since yesterday (29th July) evening from Mangaluru. Siddhartha holds the position as the Managing Director and Chairman in the coffee chain, which is popular across the nation...

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