Category Archives: India

US court sentenced two Canadian citizens to 24 months in prison for organizing a Twitter scam. Twitter hacker sentenced as youth offender after plea deal According to the FBI’s allegations, in 2017, Canadians created a fake HitBTC tech support account on social media. Posing as employees of the company, they fraudulently forced an Oregon resident to transfer to a crypto wallet one of the scammers 23.2 BTC. In the course of the correspondence, the attackers led the victim to transfer them data, with the help of which it was possible to gain access to the account on the exchange and the e-mail to which he was linked. A couple of days after the theft, the scammers divided the loot and exchanged her on Fiat to live a luxurious lifestyle, including buying expensive cars and playing casinos. The criminals pleaded guilty and were sentenced to two years in prison. They also agreed to pay…

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The Indian government did not include in the agenda of the winter session the consideration of the bill to ban cryptocurrencies and regulate official digital currencies.. In the summer, the country’s authorities announced that they plan to discuss this project in the period from November 18 to December 13. The bill presupposes not only the introduction of a complete ban on the use of cryptocurrencies, but also the issuance of a digital rupee by the Reserve ATM of India. At the same time, it does not investigate the blockchain and related technologies or applications based on it.. The news of the postponement of consideration of the bill was happily received by the submission of the local crypto community. According to them, this will give additional time to prepare and unite to jointly protect the industry. Some even believe that the government decided not to rush into the ban in order to…

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Maduro continues «drown» Venezuela: economic reform only aggravated the situation in the country. 🇻🇪 Can Venezuela recover from its financial crisis? | Inside Story Just one day after the historic devaluation in Venezuela, which «chopped off» 5 zeros from the currency at once, the country has become a real economic chaos. «Partner» new bolivar — cryptocurrency el petro also failed to stabilize the situation. Venezuela’s currency crisis explained Since its inception, the coin has been banned by the US. All Maduro’s attempts to bring her out are ultimately failures: no one wants to use «candy wrappers» instead of proven financial instruments. The criticality of the level of trust was proved by what happened between Venezuela and India: the countries agreed on the terms of oil exports, Maduro used a 30% discount, provided that the purchase was made in el petro, to which the Indian authorities gave a negative response.. Today,…

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According to the new version of the bill on digital assets, any rights will be recognized as such.. Ministry of Finance supported changes. About it RBK reported Anatoly Aksakov. In the document, lawmakers tried to take into account the wishes of experts in the field of digital law, cryptoindustry and blockchain. In the previous edition, only the rights certifying monetary claims and the rights to issued by the Central Bank fell under the definition of CFA. Execution of the entered registers entered in the distributed register..  According to experts, the rewording will make it easier to tokenize businesses and expand the scope of digital assets.. in electronic format. However, in their opinion, this may also cause the inclusion of issues included in the list of additional regulations in other regulations… Parliament will take a close look at the bills to regulate the crypto industry next month. Actively laying the foundations for the digital achievement of…

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Former Goldman Sachs executive and former head of the National Economic Council under Donald Trump, Gary Cohn, assessed the future of Bitcoin and blockchain. The conversation with him was published by CNBC. «I’m not a bitcoin supporter, — Mr. Kohn stated in his interview. — I am a blockchain supporter». After these words, the politician made a forecast for the development of technology in the future, noting that a global cryptocurrency could appear in the world. At the same time, in his opinion, this global payment instrument will not depend on production costs for mining and electricity and other energy-intensive technologies.. «It is easier to understand the principles of blockchain technologies than to explain how they are distributed and people use them, and on this, perhaps, the future of the cryptocurrency market will be built.», — said ex-adviser to Trump. Earlier we wrote that world analysts see bitcoin at around…

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India Proposes 10-Year Jail For Cryptocurrency Use | RBI Denies Involvement to Ban Cryptocurrencies In the process of discussing a new bill to ban cryptocurrencies, the Indian government has proposed the introduction of up to ten years in prison for those.. If new market regulations are adopted, they supply, buy, sell, issue, manage, or have an indirect relationship to cryptocurrency trading. The considered process of transferring data of owners of digital assets within 90 days from the date of entry into force of the new rules, and in the future to dispose of them only in accordance with the instructions of the authorities. The current version of the document provides for a system of penalties for breaking the rules of the rules. The amount of the recovery will be three times the amount paid by the system or the income of the holders. However, in a recent submission, government officials…

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