CryptoCurrency Entrepreneur

India is among the fastest growing economies in the world today. Even so, the rupee is in dire straits and is among the weakest currencies in Asia. The current administration is worried that the advent of cryptocurrencies could create a parallel economy and has taken several steps to curb cryptocurrency trading. Presently, a panel comprising of officials from the finance ministry, the RBI, and India’s market regulator, the Securities and Exchanges Board of India (SEBI) have submitted their report to India’s finance minister, suggesting a new legal framework for cryptocurrencies. The actual content of the report are yet to be made public. According to the World Bank, India retained the top position as recipient of remittances with its diaspora sending about USD 69 billion back home last year. A rough ballpark estimate might bring the figure to USD 80 billion this year. Statistics by the World Bank highlight that around 25% of the remittance corridors charge commissions upwards of 10%

Blockchain: Game-changer for India? The blockchain is one of the most sought after technologies today. From Fintech, Logistics, Automation to the Internet of Things, its use case are numerous. Especially in a scenario where cybersecurity has become the focal point of concern. Blockchain enthusiasts have a lot to look forward to. Understanding the Indian scenario India’s technological penetration is still woefully poor. For instance, t he fourth-generation (4G) penetration in India is at a mere 21% which is well behind the Asia Pacific average, according to global telecom industry body GSMA. The advent of Jio in September 2016 has helped create a much needed disruption in the telecom industry. Today, more than ever, telecom and internet are accessible to the general populace in the country.  For a country that intends to be a manufacturing hub, the pace of technological adoption needs to be much faster. Presently, the country lacks an electronics ecosystem but h