White House Warns Pakistan: Aggression Against India ‘Not Acceptable” as Nuclear Tensions Flare

The Trump White House has come down hard on nuclear-armed Pakistan, warning that its actions are unacceptable in the escalating war games with India. It’s the strongest message yet from the Trump administration as military tension between Pakistan and India threatens to spill over into all-out war. Speaking to reporters on the condition of anonymity, a senior White House official, said: “The terrorist attack on February 14th on India was a demonstration that Pakistan’s continuing provision of sanctuary for any terrorist group is not acceptable.” White House: Pakistan Must Take…

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Indians Lost $2.3 Billion in Remittance Payments in 2018; Can Bitcoin Help with Near-Zero Fees?

According to The Times of India, money transfers cost citizens and non-residents over $2.3 billion in fees last year for clearing payments into India, the world’s biggest market for inward remittance. Nischal Shetty, the CEO of local Bitcoin exchange WazirX, said that the dominant cryptocurrency could bring down remittance costs to near zero. Dear @arunjaitley @narendramodi Rs. 15,000 crores. That's just remittance fees paid by Indians in a year. Crypto has the potential to bring down this cost to almost Zero. All this money could go to the people. Let's…

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India Could Legalize Cryptocurrency as Government Panel Mulls Strict Regulations

HODLers in India have a reason to smile in the New Year as holding cryptocurrencies in the country could soon be legalized. According to The New Indian Express, a government committee has already met twice on the matter and a report is likely to be submitted to the country’s Ministry of Finance next month. Per The post India Could Legalize Cryptocurrency as Government Panel Mulls Strict Regulations appeared first on CCN

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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. Speaking to Quartz India, the co-founder of Unocoin, Sathvik Vishwanath, has claimed The post Unocoin Founder: Comparing Bitcoin Kiosk to a Bank ATM Landed Us in Trouble appeared first on CCN

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Busted: Indian Call Center Ring Duped Foreigners into Paying ‘Loan Tax’ in Bitcoin

A bitcoin fraud scheme has been unearthed in the Mumbai surburb of Mira Road. The scheme involved duping foreigners into parting with their money by informing them that they were behind in tax payments, according to the Hindustan Times. Based on the personal financial information they had obtained from their victims including loan arrears and The post Busted: Indian Call Center Ring Duped Foreigners into Paying ‘Loan Tax’ in Bitcoin appeared first on CCN

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Indian Businessman Conned $130,000 in Bitcoin Purchase Scam

On the pretext of being offered bitcoins, a businessman from India’s capital city fell victim to a rather novel fraud – buying absolutely nothing in exchange for paying the pioneer cryptocurrency’s global prices to a purported cryptocurrency exchange representative. Purchasing Bitcoins Which Don’t Exist During a bank visit in 2017, the unnamed businessman was approached The post Indian Businessman Conned $130,000 in Bitcoin Purchase Scam appeared first on CCN

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Indian Cryptocurrency Exchanges Undeterred By Central Bank Crackdown; New Players Still Entering The Market

A famous quote says “Water always finds a way,” and this seems to be the motto of beleaguered Indian cryptocurrency exchanges, who are circumventing the Reserve Bank of India’s (RBI) blanket ban on digital currencies by a flurry of methods. Central Bank Tries To Shut Industry A country of 1.4 billion, India undeniably had a The post Indian Cryptocurrency Exchanges Undeterred By Central Bank Crackdown; New Players Still Entering The Market appeared first on CCN

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