Blockchain Ecosystem Planned By Indian State Of Andhra Pradesh

Announcements, Blockchain | January 23, 2018 By:

The government of the Indian state of Andhra Pradesh has partnered with local firm Covalent Fund to start a blockchain ecosystem as part of the state’s FinTech Valley in Vizag initiative.

Launched in 2016, the FinTech Valley in Vizag is a self-sustainable global FinTech ecosystem that focuses on converging finance and technology to create large avenues of growth through industry-enablers,


Cryptocurrency Investors In India Received Tax Notices

News, Regulation | January 22, 2018 By:

The Income Tax Department of India has reportedly sent tax notices to cryptocurrency investors following a nationwide survey.

Last month, the tax department surveyed nine major cryptocurrency exchanges across six major cities, including Delhi, Bengaluru, Hyderabad, Kochi and Gurugram. The surveys were undertaken for “gathering evidence for establishing the identity of investors and traders,


Blockchain For Data Security Explored By Indian State Maharashtra, Home of Mumbai

Announcements, Blockchain | January 15, 2018 By:

The government of Maharashtra, the home of Indian capital Mumbai, will be implementing blockchain technology for data security in various departments.

Maharashtra is a state in the western region of India. It is India’s second-most populous state and third-largest state by area. It is also the world’s second-most populous subnational entity.


Blockchain Has Beneficial Uses, Says India’s Policy Think Tank

Announcements, Blockchain | January 4, 2018 By:

The National Institution for Transforming India (NITI Aayog) is working towards the adoption of blockchain technology in legally approved areas, such as education, health, and agriculture.

NITI Aayog is a policy think tank of the Indian government. It is established with the aim of achieving sustainable development goals and enhancing cooperative federalism by fostering involvement of state governments in the economic policy-making process using a bottom-up approach.