Reserve Bank of India to Study Blockchain

As reported, by September the Supreme Court of India will issue a set of bills regulating the cryptocurrency industry
27 August 2018   1183

The Reserve Bank of India (RBI) has formed a unit to study new technologies, including blockchain, cryptocurrency and artificial intelligence. This is reported by The Economic Times with reference to a source familiar with the plans of the regulator.

As the newspaper notes,  the newly created group will probably be engaged in developing technology-related bills and will monitor the introduction of innovations in the country in the future. Official commentsfrom RBI have not yet been received.

By September the Supreme Court of India will issue a set of bills regulating the cryptocurrency industry. An official from the Ministry of Finance said that future regulations will not include a direct ban on crypto-currencies.

Despite the uncertainty of the cryptocurrency regulation in India, in July the Huobi exchange announced the launch of the P2P platform for trading digital assets in a pair with the rupee.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   404

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.