Indian Bitcoin Companies Unite Under a Blockchain Association
Following last week’s public notice by the Reserve Bank of India (RBI), the country’s central bank, that warned Indians about using virtual currencies like Bitcoin, the still-nascent but growing industry has banded together to form the “Blockchain and Virtual Currency Association of India.” India’s leading bitcoin companies that include the likes of Unocoin, Coinsecure, Zebpay and SearchTrade have come together to form a new industry association that is currently under the process of a formal registration. According to a report in India’s biggest business daily, the Economic Times, the....
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Following RBI's recent notification against Bitcoin use, crypto-companies in India have joined forces to create Blockchain and Virtual Currency Association. India now has its own blockchain association with leading Bitcoin companies as its members. The Blockchain and Virtual Currency Association of India recently had its first meeting in Mumbai last week. The Indian cryptocurrency industry is not having it easy. As the cryptocurrency’s adoption across the world increases, the Indian community has to struggle to get more people onboard amid poor internet penetration and lack of knowledge....
A newly established blockchain association aims to help Vietnam promote its digital economy and position the country on the world’s technology map. The organization looks to unite Vietnam’s experts in the field and seek cooperation with blockchain communities around the globe for the research and development of blockchain solutions.
Vietnam to Expand Implementation of Blockchain Technologies
Vietnam Blockchain Association, the first such entity in the country’s crypto space, was launched in the capital city Hanoi on Tuesday, when it held its first congress.....
Leading Indian Bitcoin exchanges including Zebpay, Unocoin and Coinsecure have formed an industry-wide organization called the Blockchain and Virtual Currency Association of India. Earlier this month, the Reserve Bank of India (RBI) released a document designed to warn users against Bitcoin and its apparent risk. The RBI suggested users to actively look into the risk and unpredictability of Bitcoin trading before they initiate in any activities involving Bitcoin or other digital currencies. Saurabh Agarwal, co-founder of Bitcoin trading and wallet company Zebpay stated: “While we have been....
Three companies allegedly running a large-scale cryptocurrency Ponzi scheme are being investigated by Indian police. The scheme promises extraordinary returns to investors. The police have registered a case against the alleged CEO of the companies. Large-Scale Indian Crypto Ponzi Scheme Indian police are reportedly investigating three Bengaluru-based companies over a cryptocurrency investment scheme that has lured investors from all over India. The companies are Long Reach Global, Long Reach Technologies, and Morris Trading Solutions. They are allegedly connected to “a multi-crore....
Coinsecure, one of the Indian Bitcoin companies now allows the international community to trade on Indian cryptocurrency market. India has recently been in the news for all the wrong reasons. The government’s move to demonetize bank notes of larger denominations viz., INR 1000 and INR 500 has created a cash crunch in the economy, renewing interest among the countrymen in Bitcoin. Since the news of demonetization was announced, the Indian “Big Four” Bitcoin companies — BTCX India, Coinsecure, Unocoin and ZebPay have been fielding hundreds of inquiries about the digital currency. The Indian....