The Indian Railways Incorporates Blockchain Technology
The Indian Railways has taken the absolute landmark decision to incorporate blockchain technology for the first time. This followed the conduct of a highly educational and informative workshop at the National Academy of Indian Railways (NAIR), based in Vadodara, Gujarat. This very exercise was carried out along with ChainCode Consulting as well as Polygon.
Crypto Evening Briefing: Cathie Wood's Ark Launches Private Crypto Fund, Raises $16.3 Million
Cathie Wood's Ark Investment has raised more than $16 million for two new private crypto funds as digital assets resume rally despite increasing regulatory pressure.
India’s ED Takes a $115.5 Million Dig at the Crypto Market
The Enforcement Directorate of India has taken a step to seize $115.5 million in the crypto sphere under the speculation of money laundering cases. A few crypto ventures may have been spooked, but the measure ensures that the interests of investors and crypto platforms are safe at every step.
India and UAE To Develop an Interoperable CBDC Between Countries
India and the United Arab Emirates (UAE) have entered into a collaboration on central bank digital currencies (CBDCs), according to the official announcement published on March 15, 2023.
India and UAE To Collaborate on CBDC Development
India and the United Arab Emirates (UAE) will collaborate on central bank digital currencies (CBDCs) by jointly conducting pilot(s), according to an announcement on Wednesday.
How India will Shape Blockchain and DeFi’s Future?
Blockchain and DeFi are being considered by the financial services industry as potentially more reliable as well as efficient technical resources. The outlook is bright because when many people join the digital asset business, both DeFi and Blockchain will create new features and increase in scalability and security.
India Imposes Money Laundering Regulations on Crypto Industry
India is taking a significant step towards regulating the cryptocurrency industry by expanding the Prevention of Money Laundering Act (PMLA) to include digital assets.
India Probing ‘Several’ Crypto Cases for Money Laundering, Seizes Over $115 Million
India’s Enforcement Directorate is investigating “several” crypto cases for money-laundering schemes and has seized $115.5 million to date in such crimes, the Ministry of Finance said, the latest in a series of crackdown by the authorities on the nascent space that is already reeling from the tremulous market conditions.
India’s Crypto Industry Finally Sees Lawmakers Engaging
On Saturday, India’s crypto industry pulled off a near coup by bringing lawmakers and members of India’s ruling party to a conference discussing Web3.
India Brings Crypto Transactions Under Prevention of Money Laundering Act
India’s finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA). Noting that the move “is a positive step in recognizing the sector,” a crypto insider explained that it will strengthen the industry’s efforts to prevent virtual digital assets “from being misused by bad actors.”
