Category: India

HSBC Facilitates India’s First Blockchain Trade Finance Transaction

HSBC recently facilitated India’s first blockchain trade finance transaction. This development reinforces the narrative that despite the negative stance towards cryptocurrency in India, there is some focus on the benefits of blockchain technology in the country.

Firm Owned by India’s Richest Man Turns to Blockchain for Trade Finance

Oil and gas conglomerate Reliance Industries – owned by India's richest person, Mukesh Ambani – has used blockchain to conduct its first trade finance transaction.

India’s Biggest Private Company Gets Paid on a Blockchain

Reliance Industries, India’s largest private sector firm, has successfully participated in its first ever trade finance transaction powered by blockchain technology.

HSBC India Completes Joint Blockchain-Enabled Transaction With India Holding Giant RIL

The Indian subsidiary of major global banking and financial services firm HSBC and India’s holding giant Reliance Industries (RIL) have completed a blockchain-enabled trade finance transaction, Indian business newspaper The Hindu Business Line reports Sunday, Nov. 4.

Indian Official Suggests Ban on ‘Private Crypto’ Prior to Supreme Court Decision

India's secretary of Economic Affairs has recommended that the country’s Ministry of Finance to impose a ban on “private cryptocurrencies,” according to a report published by the Indian government press center Oct. 31.

Warren Buffett’s Holding Invests $600 Mln in Fintech Firms Focused on Emerging Markets

Multinational holding conglomerate Berkshire Hathaway – which counts outspoken crypto critic Warren Buffett as its CEO and chairman – has invested around $600 million in two fintech payment firms focused on emerging markets, the Wall Street Journal (WSJ) reported Oct. 29.

India is Considering a Ban on the ‘Use’ of Cryptocurrencies

After months of public uncertainty bought on by years of deliberation by the Indian government, authorities have discussed the framework to legally ban the usage of ‘private’ cryptocurrencies like bitcoin.

Unocoin Founder: Comparing Bitcoin Kiosk to a Bank ATM Landed Us in Trouble

About a week since the seizure of what was to be the first Bitcoin ATM in India, one of the co-founders of the firm that installed the cryptocurrency vending machine, Unocoin, has speculated that the debacle could have been avoided with better branding.

Hitachi and India’s Largest Gov’t-Owned Bank Partner on Major Digital Payments Platform

Hitachi Payments has partnered with the State Bank of India (SBI) to establish a nationwide digital payments platform, according to a press release published by Hitachi Oct. 29.

India’s Supreme Court Asks Government To Give Opinion On Cryptocurrency

The Reserve Bank of India agrees that cryptocurrency regulations should be left to government policymakers.

Indian Company Infosys Finacle Partners With R3 to Build Blockchain Solutions

Infosys Finacle, part of EdgeVerve Systems Limited is partnering with R3, one of the fastest growing blockchain companies in the world to work on a new blockchain-based solution targeted at banks.

Cryptocurrency is Illegal, President of India’s Primary IT Body Claims

The president of India’s influential IT industry body Nasscom has said that cryptocurrencies are illegal from the association’s perspective.