Rajiv Srivastava, Managing Director and CEO, IEX and Director, IGX commented: It is a proud moment for us to launch Indian Gas Exchange. IEX, over the last 12 years has successfully furthered government’s agenda of 24 x7 power for all through technology-led electricity markets. We now endeavour to build gas markets in the country to…
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The latest news from India is that executives for crypto related entities are in the process of moving offshore. The rather drastic consequence is a direct result of a proposed law that would criminalize all things crypto in “the first large democracy to ban an innovative technology such as crypto.” 10-year jail sentences would apply…
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Following the announcement of a special Partnership Program last month, Match-Trade Technologies has now teamed up with the LSSR Group and will open an Official Representative office in India. This is another regional agency after the USA, Poland and Malaysia offices, this time located in Bangalore, India. India is one of the fastest-growing forex broker…
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Crypto advocates in India were given a sliver of hope that a crypto ban instituted by the Reserve Bank of India (RBI) and contained in a draft proposal from an inter-ministerial committee dominated by the RBI may be ruled unconstitutional. The RBI had jumped the gun in mid-2018 by prohibiting its banking members from having…
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In India, it has been a year since its central bank effectively issued a ban on cryptocurrencies by forbidding its banking members from providing service to any crypto related company. Investors may still trade, but at least two exchanges have shut their doors, claiming a lack of basic transaction accounts in the domestic banking system…
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India’s premier exchange, BSE, has announced that alongside The India International Exchange (IFSC) Limited (India INX) has signed a memorandum of understanding (MoU) with Moscow Exchange (MOEX). The agreement aims to connect the investors’ community and companies both in India and Russia. BSE and India INX are the first Indian Exchanges to enter into the…
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India can definitely be called "anti-cryptocurrency". Indian banks are now forcing their clients to "promise" not to use Bitcoin. The regulations come from the Reserve Bank of India. Indian banks are "forcing" their clients to sign a contract that says that they will not be using Bitcoin or any other cryptocurrencies. In addition, banks in…
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India had a deadline for deciding the faith of cryptocurrency-related trading in the country. The deadline expired today, on the 5th of July and the Reserve Bank of India decided to ban all cryptocurrency-related activities. However, the new decision affects Indian citizens to the extent that they will not be able to transact on exchanges,…
Read moreGovernments around the world have not been fully mesmerized by blockchain and altcoins. While there are some countries that embrace the technology behind Bitcoin, such as Estonia and Japan, most are afraid or rather “not understanding” what blockchain actually is and how it benefits society. While blockchain has disrupted multiple industries such as real estate…
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From 7th of January to 6th of February, over $550 billion have been lost in value, as major altcoins and Bitcoin took huge hits to their prices and ultimately, to their market capitalizations. On January 7th, the total market cap of the cryptocurrency market was around $836 billion, close to the market cap of Apple.…
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