Posts Tagged: India

Indian State Intends to Use the Blockchain to Protect Citizen Data

Blockchain

The Indian state of Andhra Pradesh has announced it is working with cybersecurity firm WISeKey to store citizens data on a blockchain securely. Andhra Pradesh, bordering India’s southeastern coast, is the seventh largest state in the country. In an announcement, Swiss-based WISeKey and Andhra Pradesh will explore blockchain technology proof-of-concepts as pilot projects across a variety… Read more »

Indian States Look to the Blockchain Technology to Record Land Deals

Blockchain

Two Indian states are reported to be exploring the blockchain to record land deals to bring transparency to a corrupt system that leaves the poor at risk. With the aid of the distributed ledger it is hoped that it will modernise an outdated system and boost economic growth. The southern states of Andhra Pradesh and Telangana… Read more »

Survey: 97% of Indian Traders Are Aware of Bitcoin, but Use Remains Low

India

A new survey has been released by India’s market and trade body that shows while 97 percent of Indian traders are aware of bitcoin, it’s use among them remains low. At a meeting called ‘Roundtable on Industry Perspective on Bitcoins: A New World of Payments and Deals,’ the PHD Chamber of Commerce and Industry, which overseas… Read more »

Indian Government May Put Tax on Bitcoin Purchases

Bitcoin India

The Indian government is considering whether to introduce a goods-and-services tax on bitcoin purchases, according to local reports. According to The Hindu, the government is thinking about implementing a regulatory regime for digital currencies such as bitcoin which would enable a tax levy. At the moment in India digital currencies are neither legal or illegal; however,… Read more »

July Report by India’s Government: Bitcoin Ban Unlikely

Bitcoin Ban in India

An Indian intergovernmental committee tasked with looking into whether digital currencies such as bitcoin should be regulated is due to submit its report at the end of July. Earlier in February, the Reserve Bank of India (RBI) issued a statement regarding its stance on bitcoin, stating that it would be the public’s responsibility for the… Read more »