ED Freeze Tether Under Prevention of Money Laundering Act, 2002; 6G Tech is Available with the Indian Developer! Tech Market Roundup
ED froze Tether, an Ethereum token tethered to the US dollar, get more such tech news here!
Good morning Tech Fam, here’s a quick tech update for you to catch on:
What’s new today: Spain’s largest telecom company, Telefónica, has made a key investment round in Bit2Me; PM Modi said India has the potential to take a lead in technology in a world moving towards intelligent and smart networks.
Fast-Track Insights: The Enforcement Directorate has frozen cryptocurrency Tether, an Ethereum token tethered to the US dollar; Telecom minister Ashwini Vaishnaw said that much of the technology required for the development of 6G is available with Indian developers.
The Enforcement Directorate has frozen cryptocurrency Tether, an Ethereum token tethered to the US dollar, totaling Rs. 47.64 lakh, under the Prevention of Money Laundering Act, 2002. According to a statement from the Enforcement Directorate (ED), this followed an investigation of a person by the name of Aamir Khan and others about a mobile gaming application, E-nuggets.
Spain’s largest telecom company, Telefónica, has made a key investment round in Bit2Me, the country’s largest crypto exchange. According to local media reports, the investment was US$29 million. That said, Bit2Me has not made any official statement on the amount of investment made.
The Indian Government is prone to broad-based efforts to curb auto emissions by incentivizing by way of tax concessions applied sciences different than simply battery electric automobiles within the passenger car phase, which incorporates typical hybrids, gasoline cells, and hydrogen inside combustion engine platforms.
Inaugurating the next-generation 5G mobile services in India, PM Modi said India had the potential to take a lead in technology in a world moving towards intelligent and smart networks. “Today, 130 crore Indians are getting a wonderful gift in the form of 5G from the country and from the telecom industry. 5G is a knock on the doors of a new era in the country. It’s the beginning of an infinite sky of opportunities,” he said.
A day after Prime Minister Narendra Modi launched 5G services, telecom minister Ashwini Vaishnaw said that much of the technology required for the development of 6G is available with Indian developers and the country will lead in the next generation technology space. The minister visited the IIT Hyderabad booth at the India Mobile Congress here.
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