January 15, 2019 BY Valentina Kirilova

$70 million ICO scam in India could torpedo efforts to lift local crypto ban

Recent news headlines report that police have made another arrest in connection with a $70 million Initial Coin Offering (ICO) scam in India. This scandal is unfolding at the same time that an inter-ministerial committee reviews current policy directions related to cryptocurrencies. Currently, a quasi-ban exists that is being administered by the Reserve Bank of…

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