Indian Supreme court rejects crypto petition, highlights legislative nature
The Indian Supreme Court declined to consider a Public Interest Litigation (PIL) that aimed to establish regulations and a framework of guidelines for cryptocurrency trading in India.According to a report, the bench headed by the Chief Justice of India (CJI), after listening to the plea, r ...
Indian central bank-backed NPCI begins blockchain recruitment
The National Payments Corporation Of India (NPCI), an initiative led by the Reserve Bank of India (RBI) and 247 Indian banking companies, is on the look out for a seasoned blockchain technologist to head and investigate opportunities for blockchain in current-day payment systems.NPCI owns ...
India House passes bill to ease Big Tech data compliance
The lower house of India’s parliament voted in approval of a bill that would ease data compliance regulations for Big Tech companies on Aug. 7, according to a report from Bloomberg. The Digital Personal Data Protection Bill 2023 would ease storage, processing and transfer standards fo ...
Black Dot and Cryptocurrency Exchange Advocate for Restoring Access to UPI for Indian Crypto Companies
Consulting firm Black Dot and an unnamed cryptocurrency exchange have asked the Central Bank of India to restore access for cryptocurrency companies to the national Union Payments Interface (UPI) payment system. Last year, Indian cryptocurrency trading platforms CoinSwitc ...