Amazon and Walmart Stock in Danger? India Tightens E-Commerce Rules

Last month, India implemented new regulations for foreign e-commerce firms including Amazon and Walmart-owned Flipkart, placing pressure on the two conglomerates. According to Mukesh Aghi, the U.S.-India Strategic Partnership Forum president, the abrupt change in e-commerce regulations can pose a severely negative impact on the growth of U.S. companies in India. Are Amazon and Walmart The post Amazon and Walmart Stock in Danger? India Tightens E-Commerce Rules appeared first on CCN

Read More

Indian Police Make Fourth Arrest in $70 Million Crypto Scam

Delhi cyber crime police have made further developments in the unfolding cryptocurrenvy scam run by an organization going by the name ‘Flintstone Group’. The group launched a fraudulent cryptocurrency called Money Trade Coin (MTC), hoodwinking 25,000 investors with promises of massive returns which, of course, never materialized. After making three arrests last year including Flintstone The post Indian Police Make Fourth Arrest in $70 Million Crypto Scam appeared first on CCN

Read More

South Indian Government’s ‘Innovation Society’ to Promote Blockchain Development

It seems not every government official in India has an eye toward draconian or restrictive blockchain regulation, as we’ve seen this year from some in the country’s government. In the southern state of Andhra Pradesh, where they have the APIS – Andhra Pradesh Innovation Society, blockchain is being actively promoted at various levels of government. The post South Indian Government’s ‘Innovation Society’ to Promote Blockchain Development appeared first on CCN

Read More

Cryptojacking: Attackers Hijack Indian Government Websites to Mine Cryptocurrency

Hackers stole the processing power of several Indian government websites to mine cryptocurrencies, researchers found. Citizen portals such as that of the municipal administration of Andhra Pradesh (AP), Tirupati Municipal Corporation and Macherla municipality are among the hundreds of Indian websites that are found to be infected by cryptojacking malware. Cryptojacking, as the term indicates, The post Cryptojacking: Attackers Hijack Indian Government Websites to Mine Cryptocurrency appeared first on CCN

Read More

U.S. States Ask Indian Authorities to Seize Property of BitConnect Promoters

News of cryptocurrency investment fraud has hit the community again, as authorities of two U.S. states, Illinois and Arizona, have asked the Criminal Investigation Department (CID) in India to seize the property of several BitConnect promoters, per reports from the Times of India. BitConnect was an open-source cryptocurrency and an investment program accused of running The post U.S. States Ask Indian Authorities to Seize Property of BitConnect Promoters appeared first on CCN

Read More

India’s Central Bank Quietly Forms New Cryptocurrency, Blockchain Research Unit

The Reserve Bank of India (RBI) has reportedly established a new internal unit dedicated to researching and regulating new emerging technologies, specifically cryptocurrency, blockchain and artificial intelligence (AI). Holding back on a formal announcement, the RBI has discreetly formed a new unit to research and possibly supervise disruptive technologies through draft rules in the future, The post India’s Central Bank Quietly Forms New Cryptocurrency, Blockchain Research Unit appeared first on CCN

Read More

Former Indian Politician Declared ‘Offender’ in $1.3 Million Bitcoin Extortion Case

An absconding former Indian politician and lawmaker has been declared an ‘offender’ by an Indian court after his involvement in a criminal kidnapping case complete with extortion in bitcoin. According to a report by the Indian Express on Monday, a local sessions court in Ahmedabad, a city in western India, has allowed a request by The post Former Indian Politician Declared ‘Offender’ in $1.3 Million Bitcoin Extortion Case appeared first on CCN

Read More

India Bans Banks from Processing Cryptocurrency Purchases

Indian residents can no longer purchase cryptocurrency through their bank accounts, according to new measures adopted by the country’s central bank. The sweeping policy, announced on Thursday by the Reserve Bank of India (RBI), prohibits RBI-regulated institutions from allowing their customers to purchases cryptocurrencies, and it also bars banks from providing services to businesses “dealing The post India Bans Banks from Processing Cryptocurrency Purchases appeared first on CCN

Read More