Indian Banks Form Blockchain Consortium for Inter-Bank Transactions. In India, Fallout Over Celebrity Hype of $300 Million Bitcoin Scammer. Indias Enforcement Directorate, a federal law enforcement and economic intelligence agency, has called in high-profile British-Indian businessman Raj Kundra for questioning as part of an investigation into a money laundering case linked to Amit Bhardwajs recent $300 million USD bitcoin scam. China as a Prime Example of “Blockchain Before Bitcoin” Policy. Last week, Chinas president Xi Jinping took Blockchain-oriented domestic politics to another level: the countrys leader mentioned blockchain as “a part of technological revolution”. The sentiment was then picked up by Chinas largest TV broadcaster, as the viewers were told that “the value of
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