Authorities in India are reportedly in a hunt for Divyesh Darji, the alleged founder of the Regal Coin cryptocurrency that defrauded investors during the ICO boom in 2017.
One month after the Supreme Court of India reportedly instructed the government to release regulations for the cryptocurrency industry, nothing has happened, and the industry has suffered yet another discrimination.
Blockchain has continued to gain new converts every day and the latest of them is in India where oil and gas megabucks company - Reliance Industries, has made a landmark move towards the technology.
The Hong Kong Stock Exchange (HKEX) have joined a list of traditional security exchanges globally who are working toward integrating blockchain technology.
The government of India will likely continue its negative stance on cryptocurrencies according to a press release on Tuesday.