Cryptocurrency service provider Zebpay and Professor Saravanan Vijayakumaran, an Associate professor at Indian Institute of Technology (IIT) Bombay, recently conducted a survey on Bitcoin’s security, concluding that the world’s premier cryptocurrency is safe from a 51% attack.
A minister serving in India recently stated that a local state was working on plans that would help make it possible for local firms to operate without having to rely on the policy frameworks put in place by the National government.
Indian police in the city of Pune have charged Amit Bharadwaj along with three other individuals – Vivek Bharadwaj, Pankaj Adlakha and Hemant Bhope, involved in a multi-level marketing (MLM) crypto scam.
Police in the northern Indian city of Chandigarh have filed a chargesheet against four suspects accused of scamming a victim out of ₹6-10 crore ($0.8 - 1.4 million) in a cryptocurrency investment fraud.
SWIFT India has partnered with fintech firm MonetaGo to pilot a distributed ledger (DLT) network designed to improve the efficiency and security of financial products, according to a press release published Nov. 20.
Earlier in October, the developers of India’s first Bitcoin (BTC) “ATM” were arrested in the city of Bangalore under criminal charges, in a case that has shaken the local startup community and cast a spotlight on the lack of clarity surrounding “the law of the land” in regard to crypto.