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BitConnect was described as an open source, all-in-one bitcoin and crypto community platform but was later discovered to be a Ponzi scheme. 2018 KodakCoin: Kodak and WENN Digital Ethash [84] KodakCoin is a "photographer-centric" blockchain cryptocurrency used for payments for licensing photographs. Petro: Venezuelan Government: onixCoin [85 ...
India's Financial Intelligence Unit (FIU) issued show-cause notices to nine offshore cryptocurrency exchanges in December 2023 for non-compliance with local rules.
A cryptocurrency, crypto-currency, ... In 2020, the Supreme Court of India had lifted the ban on cryptocurrency, which was imposed by the Reserve Bank of India.
In early 2018 India's central bank, the Reserve Bank of India (RBI) announced a ban on the sale or purchase of cryptocurrency for entities regulated by RBI. [ 82 ] In 2019, a petition has been filed by Internet and Mobile Association of India with the Supreme Court of India challenging the legality of cryptocurrencies and seeking a direction or ...
BNB is the cryptocurrency issued by Binance, one of the largest crypto exchanges in the world. While originally created as a token to pay for discounted trades, Binance Coin can now be used for ...
A record of all cryptocurrency transactions on the blockchain. Memecoin. A type of cryptocurrency inspired by internet memes, pop culture or social media trends.
Common services are cryptocurrency wallet providers, bitcoin exchanges, payment service providers [a] and venture capital. Other services include mining pools, cloud mining, peer-to-peer lending, exchange-traded funds, over-the-counter trading, gambling, micropayments, affiliates and prediction markets.
It is estimated that India could save approximately ₹ 40,000,000,000 (equivalent to ₹ 42 billion or US$490 million in 2023) by reducing the need for physical currency production. [78] The Digital Rupee also aims to lower transaction costs, making both domestic and international money transfers more efficient and accessible.