Tag: india

  • Industry

    Why India’s Strict Policy Will Have a Bigger Toll on Walmart Than Amazon

    New restrictions over e-commerce businesses operating within India’s borders have raised concerns that major online retailers like Amazon and Walmart will have it “tough” in the region. However, it’s Walmart that could be left on the ropes following this new rule change, considering Amazon’s dominance in the e-commerce...

    Tony Spilotro | December 27, 2018 | 5:00 pm
  • Cryptocurrency
    Industry

    Cryptocurrency in India Maybe Legitimized After All

    This year has been particularly bad for Indian crypto traders and investors with constant government crackdowns and a shroud of uncertainty about the future of the industry in the county. That may be all about to change as a recent report indicates that regulation and legitimization could be...

    Martin Young | December 27, 2018 | 9:00 am
  • Bitcoin

    India Receives $80 Billion in Remittance, Big Potential for Crypto?

    The World Bank in its latest report revealed that India has received the largest amount in remittance in 2o18 with $80 billion being sent from abroad. At the same time, users paid $4 billion in cuts to payment services. Middlemen-Friendly Models Remittance in its current format has one-too-many...

    Davit Babayan | December 9, 2018 | 8:00 pm
  • Cryptocurrency
    Crypto

    Indian Government to Draft Cryptocurrency Regulation Next Month

    The Indian government is reportedly getting ready with draft regulations on cryptocurrencies next month. The finance ministry set up a panel in November 2017 for the purpose of preparing a regulatory framework on the issue, but the central bank has created a hostile environment for digital currency trading...

    Ricardo Esteves | November 20, 2018 | 11:00 pm
  • Bitcoin
    Bitcoin

    Unocoin Founder Recounts His Arrest Following Indian Crackdown on Bitcoin ATMs

    Just one week ago, Indian officials arrested the co-founder of an Indian cryptocurrency exchange, Unocoin, for operating a Bitcoin ATM kiosk which the police called “illegal”. One of Unocoin’s co-founders has now given a recount of his arrest in a recent interview. The Unocoin co-founder’s arrests were largely...

    Cole Petersen | October 30, 2018 | 8:00 pm
  • india
    Blockchain

    SBI Partners With Hitachi to Build Digital Payments Platform in India

    Hitachi Payment Services, the Indian-based subsidiary of Hitachi, has entered a joint venture with State Bank of India for the establishment of a digital payments platform, pending regulatory approval. The announcement comes at a time when the Supreme Court asked the Indian government to state its policy towards cryptocurrency...

    Ricardo Esteves | October 30, 2018 | 6:00 am

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