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Amid numerous scams, Indian Crypto-Currency industry readies code of conduct

January 19, 2021 You’re reading it here first: After several months of deliberation, India’s leading crypto-currency exchanges have finalised a code of conduct policy to be followed by all crypto-currency firms operating in the country. The code of conduct will be sent to the Reserve Bank of India (RBI) and the government for feedback based on which a final version will be released in the public domain. Ever since the Supreme Court RBI’s struck down the RBI’s April 2018 circular, which ...
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BTC cracks $30K, supply squeeze worsens, XRP implodes: Hodler's Digest, Dec. 27–Jan. 2

BTC cracks $30K, supply squeeze worsens, XRP implodes: Hodler’s Digest, Dec. 27–Jan. 2 The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link!   $30,000 — continually hitting new all-time highs in the process. There was drama at the start of the week after BTC crashed by 6.5% in a matter of minutes, with a sell wall at $28,400 wiping thousands of dollars off its value. Bitcoin still had plenty o...
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Alleged 'kingpin' of a 25M rupee Indian crypto scam arrested at Delhi airport

Alleged kingpin of a 25M rupee Indian crypto scam arrested at Delhi airport The man is said to have convinced people to invest in a 2017 scheme promising monthly returns of over 20%. 14230 Total views News A 60-year-old man was arrested at Indira Gandhi International Airport in Delhi on Thursda for allegedly heading a 25 million rupee ($340,000) cryptocurrency scam. Umesh Verma, a former jeweler and greeting card maker, was held by the Economic Offences Wing of Delhi police after arriv...
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Kingpin of Rs 2.5 cr Delhi cryptocurrency racket held

Kingpin of Rs 2.5 cr Delhi cryptocurrency racket held ANI | Updated: Jan 01, 2021 16:45 IST New Delhi [India], January 1 (ANI): A 60-year-old person has been arrested for allegedly heading a racket that had swindled at least Rs 2.5 crores from some 45 people under the garb of being a cryptocurrency promoter. The accused Umesh Verma, a greeting cards maker and jeweller was arrested from Indira Gandhi International Airport by Economic Offences Wing of Delhi P...
Connaught Place United Arab Emirates New Delhi Joginder Kumar Umesh Verma Bharat Verma
Source: aninews.in

Bitcoin Scam: Man Arrested at IGI Airport for Duping People to the Tune of Rs 2.5 Crore

»Bitcoin Scam: Man Arrested at IGI Airport for Duping People to the Tune of Rs 2.5 Crore 1-MIN READ Bitcoin Scam: Man Arrested at IGI Airport for Duping People to the Tune of Rs 2.5 Crore Image for representation. So far, 45 victims have alleged that they were duped of Rs 2.5 crore by the accused in this connection in 2017, police said. FOLLOW US ON: A man has been arrested for allegedly duping people by alluring them to invest in fake cryptocurrency, police said on Friday. The accused has be...
Connaught Place United Arab Emirates Umesh Verma Bharat Verma Pluto Exchange Police Eowop Mishra
Source: news18.com

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Delhi: Cryptocurrency racketeer cheats 45 people of Rs 2.5 cr, arrested from IGI Airport

Updated Jan 01, 2021 | 20:49 IST The accused opened his office in Connaught Place area in November 2017 and operated like chit fund scheme. The case was registered on receipt of complaints from one Joginder Kumar and others.&nbsp | &nbspPhoto Credit:&nbspiStock Images New Delhi: A 60-year-old person has been arrested for allegedly heading a racket that had swindled at least ₹2.5 crore from some 45 people under the garb of being a cryptocurrency promoter. The accused, Um...
Connaught Place United Arab Emirates New Delhi Joginder Kumar Umesh Verma Bharat Verma

Will 2021 Be the Year When India Finally Clarifies Laws Around Cryptocurrencies?

Will 2021 Be the Year When India Finally Clarifies Laws Around Cryptocurrencies? Legislation rather than a ban should ensure that effective levels of verification are processed to determine a crypto-transfer’s money laundering or terrorism financing risk. Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture. Photo: Reuters Tech23/Dec/2020 Massive post COVID-19 global liquidity injected by central banks has...
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Source: thewire.in

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