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The Indian government has confirmed in a Right to Information (RTI) reply that the inter-ministerial committee’s cryptocurrency bill is “awaiting approval of the government.” The bill is currently being examined by various ministries. Indian Government’s Confirmation The government of India has been sitting on a cryptocurrency draft bill since it was  submitted  to the finance ministry early last year. Entitled “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019,” the document was drafted by an inter-ministerial committee headed by former Finance and Department of Economic Affairs (DEA) Secretary  Subhash Chandra Garg . While no formal announcement regarding the progress of the bill has been made, some media reports suggest that  consultation  has begun on this bill. To establish the veracity of this news, lawyer Mohammed Danish, co-founder of Crypto Kanoon, filed an RTI application with the Department of Economic Affairs. In its sh...

1. Where should I start? Before launching an ICO, you might be interested in what an ICO actually means. There is a detailed explanation of the concept. 2. Are ICO campaigns suitable for any business? Not really. In fact, they may be detrimental to some companies: you will spend time and money on a campaign, only for it to fail in securing enough funds. Some startup owners seem to think that ICO is a tool for any project. It allows to quickly raise money and bypass the long and costly process of registering an IPO with the regulatory agencies. While that used to be the case during the formative days of the ICO market, it’s no longer true. Like everything else in the crypto industry, the ICO ethos is quickly shaping up. There are informal standards that now play the role of de facto requirements to having a successful campaign. The first and foremost requirement here is generating value for the users. Authenticity and transparency are among the core pillars of the cryptocu...

Crypto is eating the world. Cryptocurrency and blockchain based startups have exploded in visibility and are all the rage. Initial coin offerings (ICOs) funding for startups has exceeded the more traditional venture funding, has leveled the playing field and is an exciting opportunity for entrepreneurs. Now anyone, anywhere in the world with the idea that people believe in can fund their business with a crowdsale. It’s not all about Bitcoin anymore either. There are over 1,500 of emerging altcoins (alternative cryptocurrencies) in the circulation with great promise of application beyond currency. And more are being created every day. We’re in the nascent years of this quickly evolving technology that could have a meaningful and transformational impact across industries. This includes disruption of the online media and publishing with advancements in decentralized social media, content management systems and advertising platforms. Expect 90% of crypto startu...