The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the report with the recommended crypto regulation has already been submitted by the interministerial committee tasked with drafting the regulation. Also read: G20 Leaders Issue Declaration on Crypto Assets – … [Read more...] about Indian Government Breaks Silence on Crypto Regulation
India
Kidnappers Who Held Bitcoin Traders for 80 BTC Ransom Arrested
Law enforcement officials in India have busted a criminal gang responsible for the kidnapping of three people, including two bitcoin traders, according to local news outlet Hindustan Times. The kidnappers asked for a ransom of 80 bitcoin (around $840,000 USD at press time) to be paid in exchange for the release of the two traders before kidnapping the third victim. The victims were held captive for over two weeks and kept in a flat on the … [Read more...] about Kidnappers Who Held Bitcoin Traders for 80 BTC Ransom Arrested
Complete Indian Draft Crypto Bill Leaked – Experts Weigh In
A draft cryptocurrency bill for India has been leaked in full, but details of the bill have raised some questions. News.Bitcoin.com talked to a number of experts in the field who shared their analyses of the bill’s content and its implications on the Indian crypto industry. Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments A Complete Draft Bill Surfaces The draft cryptocurrency bill, which has been causing … [Read more...] about Complete Indian Draft Crypto Bill Leaked – Experts Weigh In
How 10 Countries Respond to Facebook’s Libra Cryptocurrency
A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements. Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments Facebook’s Libra Project Facebook … [Read more...] about How 10 Countries Respond to Facebook’s Libra Cryptocurrency
India to Educate High-Ranking Police Officers on Cryptocurrency
India’s national police academy has launched a cryptocurrency course for high-ranking officers of the Indian Police Service. Among the objectives of the course are the functioning and legal aspects of cryptocurrencies, as well as investigations of cases involving digital coins. The Indian police continue to regularly uncover crypto-related schemes as the government deliberates on the regulatory framework for cryptocurrency. Also read: G20 Leaders … [Read more...] about India to Educate High-Ranking Police Officers on Cryptocurrency