Indian cryptocurrency exchange CoinDCX launched a learning platform dedicated to blockchain and cryptocurrencies. According to a June 16 announcement, the CoinDCX Learn platform is a blockchain and cryptocurrency academy that offers guides, articles, courses and lectures. The firm’s CEO and co-founder Sumit Gupta commented: “With the potential to accelerate financial inclusion in India, as well as opening gateways to new forms of investing, cryptocurrencies can benefit everyone. However, for Indians to take full advantage of crypto, we need to lay the groundwork through appropriate education. With DCX Learn, we want to arm users with the knowledge necessary to navigate crypto …

Indian police have registered a case against five individuals suspected of involvement in a cryptocurrency scam that has defrauded investors since 2017. Despite operating for several years, the scammers are only believed to have made away with a modest bounty of roughly $34,200. The group is believed to have solely operated in the Maharashtra state’s district of Palghar. Indian police target multi-year scam On June 13, media outlet New Indian Express reported that five people had been booked for allegedly defrauding investors under the guise of cryptocurrency investment. The group promised exorbitant returns to those who invested in crypto assets …

Editor’s note: These are times strange enough that every conversation seems to include some verbal acknowledgment like “strange times, huh?” A quasi-anarchist police-free leftist separatist bubble has formed and is growing on Seattle’s Capitol Hill — a sentence that resembles a David Foster Wallace plot more than anything I ever anticipated treating as news. Both India and Russia have been hemming and hawing over long-discussed crypto bans, while the latter will be voting on controversial constitutional amendments allowing Vladimir Putin to extend his already 20-year term as president of the Russian Federation. This vote will reportedly be happening on a …

The Indian Ministry of Finance has proposed to legally ban cryptocurrencies within the subcontinent. With this, the Indian crypto community is met with yet another unexpected turn. The proposal will first be sent to the Union Council of Ministers and then be forwarded to the parliament for final review. The Economic Times report quoted a senior government official: “A note has been moved (by the finance ministry) for inter-ministerial consultations.” Only three months ago, the Supreme Court of India overruled the Reserve Bank of India’s ban on banks providing services to individuals and companies dealing in cryptocurrencies. A blow to …

The repeal of the Reserve Bank of India’s (RBI) crypto ban has driven a boom in exchanges launching in India, offering hope that the growth of a robust local industry will incentivize lawmakers to maintain India’s permissive regulatory apparatus. In March, India’s Supreme Court repealed the Reserve Bank of India’s (RBI) ban on financial institutions providing banking service to businesses operating with virtual currencies — legitimizing India’s cryptocurrency firms. In recent weeks, Indian startup Tradehorn became the latest domestic exchange to launch, local derivatives platform Delta Exchange announced strategic funding from New York-based CoinFund to expand operations, and new fiat-to-crypto …

As the COVID-19 pandemic takes a toll on the workflow of the Indian cargo shipping industry, India’s maritime industry is looking to utilize the CargoX platform for Blockchain Document Transfer (BDT). According to a report from World Cargo News, CargoX has integrated its BDT into the Indian Port Community System (PCS) — a subsidiary of the Indian Ports Association aimed at digitizing India’s maritime infrastructure. Tested and proven Portall Infosystems, the company that developed the PCS, along with global shipping companies successfully tested the CargoX platform for transferring electronic bills of lading. The company had run proofs-of-concept to ensure the …

Peer-to-peer Bitcoin (BTC) trading activity in the United States surged to a new all-time high during the week of June 7, according to data published by UsefulTulips. Over the past seven days, nearly $29 million worth of Bitcoin has changed hands for U.S. dollars on leading P2P marketplaces Localbitcoins and Paxful. The past week saw only North America and Middle Eastern/North African trade increase, with all other regions posting slight declines in seven-day volume. Over $24 million in Bitcoin changed hands on Paxful in the United States alongside $4.6 million traded on Localbitcoins. With roughly $1 million trading on Canada’s …

A think-tank spanning Indian law enforcement, academic institutions, startups, and research and development organizations has begun working to bolster India’s darknet policing capabilities. The initiative has seen roughly one dozen "problem statements" identified and informed by police and central agencies distributed among 120 academic and research institutions. The program is expected to produce a diverse range of potential solutions and strategies for expanding the deep web policing prowess of Indian law enforcement. India’s Narcotics Control Bureau has made numerous arrests targeting darknet narcotics and black market pharmaceutical syndicates in recent months following the agency’s participation in the global "Operation Trance" …

Over the past few months, India’s cryptocurrency market has continued to be in a constant state of flux. From crypto bans imposed by the country’s central bank to a historic ruling by its Supreme Court to lift that ban, for most onlookers it appears that India’s crypto market has experienced a rebirth. A recent industry report put together by exchange OKEx and research platform Coinpaprika indicates that the crypto space in India is set to soar to greater heights, especially because the country leads the globe in terms of remittances, not to mention that it has a national fiat currency …

Peer-to-peer Bitcoin (BTC) marketplace Paxful has reported significant increases in Indian trade volume as the country’s regulatory climate warms to crypto. Speaking to Cointelegraph, Paxful CEO Ray Youssef revealed that monthly new user signups have increased by 28%, adding that Paxful’s community on Telegram is approaching 10,000 members. The surge in sign-ups from Indian traders has followed the Supreme Court’s reversal of the Reserve Bank of India’s (RBI) longstanding ban on banks providing financial services to crypto firms. Indian volume and sign-ups spike on Paxful According to data published by UsefulTulips, Indian trade on Paxful has increased 883% from $2.2 …

Leading Indian technology company Tech Mahindra has partnered with edtech startup Idealabs to offer blockchain certification courses. The certification course will be offered as a combination of live online and in-person, on-campus classes. Students enrolling for the course will learn about blockchain foundations, Ethereum, smart contracts, decentralized apps and Hyperledger Fabric, among other topics. The two companies intend to build a talent pool for the blockchain industry that could meet the rising job demands. The official web page for the blockchain courses notes that there has been a 290% increase in the number of blockchain jobs over the last year. …

Major Indian cryptocurrency exchange and wallet provider Zebpay has commissioned blockchain forensics firm Chainalysis to monitor transactions executed across its platforms in India. The move comprises an expansion in the partnership between Chainalysis and ZebPay, with Chainalysis already providing its Know Your Transaction (KYT) services for ZebPay’s operations in Singapore. "We wanted to build a best-in-class compliance program in India from the start," stated ZebPay’s president, Avinash Shekhar. Chainalysis will provide real-time alerts notifying ZebPay of suspicious or high-risk transactions across its platforms. ZebPay strengthens compliance in India ZebPay’s expansion of its compliance framework for Indian operations comes roughly three …