The India Government to Consider Allowing Crypto Tokens 4990

The government is considering launching crypto tokens for financial transactions in the country, even as the existing ban on cryptocurrencies is likely to continue, sources said. A committee studying the use of crypto assets is working on a set of regulations, and specific actions, including a roadmap for allowing cryptocurrencies in future,  local news outlet DNA India reports August 10.

Once the draft regulations are ready and legally vetted, it will be tabled before Parliament, sources said. Unlike virtual or cryptocurrency, which is treated as an equivalent of money, crypto token is a representation of money. It can’t be used in place of fiat money. Crypto tokens are based on block chain application.

“The committee is examining if crypto tokens can be used to replace smart cards such as metro cards in the public sector to start with. Similarly, in the private sector, it can be used in loyalty programmes such as air miles where its use is limited to buying the next ticket and can’t be converted into money,” said a senior official in the ministry.

The committee set up by the finance ministry under the chairmanship of Department of Economic Affairs (DEA) secretary is studying the possibility of using various crypto assets, including crypto currency.

“The committee is studying the possibility of using cryptocurrencies or the crypto technology (distributed ledger technology) for financial transactions and also what kind of regulations are needed for that,” said DEA secretary Subhash Chandra Garg who is heading the committee. The new technology has a lot of promise, he said.

While “the currency is totally banned, the committee is discussing its other usage and how it can be mainstreamed in India,” he said. Garg categorically denied allowing use of cryptocurrency in any manner including in payment systems.

Reserve Bank of India (RBI) had in April directed all the banks to stop dealing with individuals and businesses dealing in virtual currencies from July 5.

“The banking regulator has come out with regulations. It has debarred the banks from dealing with anybody or any aspect of cryptocurrencies. We don’t believe the cryptocurrencies to be currencies at all. We have issued several advisories for people to not deal with it. Because it is risky, it’s a Ponzi kind of scheme. Therefore, cryptocurrencies are banned in this country,” said Garg.

However, crypto tokens, if introduced, will be a kind of digital token for currency and not a substitute for fiat currency. “One will need to pay physical money to buy a token which could be stored as a code in any basic mobile feature phone. It can even be used for remittances. So, it is easy to implement from technology as well as regulatory point of view. But in case of cryptocurrency, one needs to allow it as a legal tender first,” a senior official in the ministry said.

Experts feel that the Indian government is unlikely to shift its stance on cryptocurrency in the near term, but may allow crypto tokens to test waters. The committee will also give prospects and consequences of allowing crypto currency.

“Crypto token operates in a closed system and doesn’t impact the country’s monetary policy unlike cryptocurrency, which interferes with the money supply situation,” said Digital Lenders’ Association of India (DLAI) president Alok Mittal. “Many governments in the world are considering using crypto token,” he said.

“This is a difficult subject, involving technology which is changing every now and then. That’s why it is taking some time,” Garg said.

The Inter-Ministerial Committee (IMC), comprising of members from RBI, Sebi and IT ministry, was scheduled to give its report in July.

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Digital Prime Technologies Launches Tokenet, Redefining Institutional Digital Asset Lending 6497

Digital Prime Technologies, LLC, an innovative provider of digital asset technology solutions for financial institutions, announced today the launch of Tokenet, an institutional digital asset lending platform, which a group of leading firms has already adopted at launch. This groundbreaking platform combines enterprise-grade technology and flexible functionality with industry best practices and expertise expected by traditional financial institutions.

Tokenet creates a reliable ecosystem for users to interact with trusted counterparties, allowing firms to post borrow needs and lending availability, manage collateral, and access a full reporting suite through an enterprise-grade system. The platform also features loan lifecycle management tools with automated mark-to-markets, returns, recalls, and rerates, all managed through its 24/7 chat functionality. Additionally, Tokenet provides customers with risk management tools that allow institutions to mirror traditional finance standards while mitigating operational and counterparty risk. Tokenet will launch with readily available inventory, including market participants’ liquidity.

“Given the current markets and regulatory headwinds, Tokenet’s launch is an important and exciting step towards establishing trust and transparency in digital asset lending. This platform redefines digital asset lending and embraces the regulatory safeguards of traditional finance,” said James Runnels, Co-Founder and CEO of Digital Prime Technologies.

Digital Prime Technologies has partnered with Anchorage Digital, a secure and regulated crypto platform and custodian, to provide custody and settlement services for mutual clients of Anchorage Digital and Tokenet users. Client digital assets are held in segregated, on-chain vaults at Anchorage Digital Bank, with the highest security protocols in the industry.

“Regulated crypto infrastructure is no longer optional—it is a prerequisite for long-term safety and viability in today’s market environment. Digital Prime shares our commitment to building a best-in-class regulatory stack, and we are proud to support their work on Tokenet,” said Diogo Monica, Co-Founder and President at Anchorage Digital.

Tokenet is now operational and supported by prominent market participants in the digital asset space, including Hidden Road Partners, Xapo Bank, EDX Clearing, and DV Chain. This groundbreaking achievement showcases Tokenet’s ability to seamlessly operate within the existing financial ecosystem and unlock new possibilities for a range of market participants.

“The Tokenet platform provides much-needed transparency and loan life cycle tools to the institutional lending space, setting it apart from what is currently available in the market. We’re excited to work alongside other industry leaders to help mature the digital assets ecosystem,” said Seamus Rocca, CEO of Xapo Bank.

“We are thrilled to be an early adopter of Tokenet,” said Tony Acuña-Rohter, CEO of EDX Clearing. “Digital Prime Technologies shares our vision of bringing the best of traditional finance to cryptocurrency markets, and Tokenet is an extension of this critical mission.”

For more information on Digital Prime Technologies and the Tokenet platform please contact James Runnels or Courtney Campbell at Digital Prime Technologies by visiting

About Digital Prime Technologies

With an unwavering commitment to best practices and market expertise, Digital Prime Technologies empowers capital market firms to thrive in the dynamic digital asset space. To learn more about Digital Prime Technologies, please visit our website at

About Anchorage Digital

Anchorage Digital is a regulated crypto platform that provides institutions with integrated financial services and infrastructure solutions. With the only federally chartered crypto bank in the US, as well as Anchorage Digital Singapore, which offers equivalent security and service standards, Anchorage Digital delivers an unparalleled combination of secure custody, regulatory compliance, and platform capabilities. The company is funded by leading institutions, including Andreessen Horowitz, GIC—Singapore’s sovereign wealth fund, Goldman Sachs, KKR, and Visa, with its most recent Series D valuation over $3 billion. Founded in 2017, Anchorage Digital is headquartered in San Francisco, California, with offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at, on X @Anchorage, and LinkedIn.

Joget Brings Power of Generative AI to its Next-Gen Enterprise Application Development Platform 8997

Joget Inc., the global innovator in next-generation enterprise application development, announced the integration of generative AI capabilities into its Joget DX open source no-code/low-code platform. This game-changing update aims to accelerate the app development process and elevate customer engagement for enterprises in various industries.

Generative AI, a groundbreaking advancement in artificial intelligence (AI), is taking the world by storm. At its core, generative AI allows systems to produce new, unique content, designs, or patterns based on the data it’s trained on. From creating realistic images and writing coherent text to generating innovative solutions to complex problems, this technology is transforming business operations. Its growing influence across sectors underscores its potential to spur innovation, streamline processes, and reshape customer experiences.

In the rapidly evolving landscape of AI integration within enterprises, the Joget open source no-code/low-code application development platform emerges as an indispensable tool. Its visual-centric approach to app creation simplifies the development process, catering not only to expert developers but also to those without extensive technical knowledge. Joget’s visual development platform makes AI functional and compliant for enterprises, bridging the gap between idea and execution and allowing for a more intuitive and collaborative design process.

Furthermore, Joget’s ability to effortlessly integrate company-specific rules, business structures, and governance into the apps underpins its value. This ensures that while fostering innovation, it remains compliant and aligned with organizational goals. These attributes elevate Joget beyond a mere tool, positioning it as a strategic partner for enterprises aiming to leverage AI’s potential without sidelining their distinct business needs.

The integration of generative AI into the Joget platform is a natural fit. Both prioritize simplification and efficiency, allowing users to define objectives without getting bogged down in intricate details. This makes it easier for anyone, even those without a technical background, to create robust, enterprise-level applications, faster and better.

Joget DX’s latest generative AI capabilities emphasize their dedication to innovation and user-centricity. The AI App Generator enables no-code developers to easily design sophisticated applications, with AI suggesting optimal layouts and workflows based on user requirements. For those with coding skills, the Code Snippet Builder is invaluable, generating efficient code snippets tailored to specific tasks and significantly streamlining the development process.

Joget AI Writing Assistant enhances in-app communication by offering real-time content suggestions, ensuring clarity and accuracy. Moreover, the AI Assistant Live Chat elevates customer support, delivering instant AI-driven answers to user inquiries, guiding them, and providing tailored recommendations. These generative AI-driven enhancements refine the Joget platform experience, making it more user-friendly for both developers and non-technical business users.

Forrester analysts John Bratincevic and Diego Lo Giudice have highlighted the transformative role of TuringBots in advancing software development. They predict that the rise of ChatGPT and investments in TuringBots will position natural language as a key tool in software creation, accelerating AI’s integration by 5-10 years. Forrester also predicts TuringBots will boost low-code adoption, aligning with Joget’s commitment to leading next-gen enterprise application development.

“Generative AI is not just a technological advancement; it’s a business enabler. It allows enterprises to be more agile, to adapt, and to innovate at a pace like never before,” said Raveesh Dewan, Chief Executive Officer and President of Joget. “Our new AI features are designed to make the Joget platform even more accessible and to help businesses achieve their objectives more efficiently.”

“By integrating generative AI, we’re pushing the boundaries of what’s possible in application development,” said Julian Khoo, Chief Technology Officer of Joget. “These new features are built on Joget’s extensible plugin architecture, making it easy to switch out AI models and adapt to future advancements. It’s all about empowering our users to build better applications, faster.”

About Joget

Joget Inc. offers a next-generation open-source, no-code/low-code application development platform that simplifies digital innovation and governance, empowering everyone to create enterprise-grade applications with ease and speed.

Joget’s DNA is rooted in flexibility, seamlessly integrating with existing systems and incorporating the latest innovations in AI, blockchain, and IoT technologies. Joget supports an organization’s entire digital transformation journey, starting from simple citizen developer apps, and scaling up to sophisticated enterprise solutions built by fusion teams of business and IT.

Trusted by a diverse global range of customers, spanning startups to Fortune 500 and government, Joget is a trusted driver of digital transformation across multiple industries.

Visit Follow us on LinkedIn @Joget Inc, Twitter @JogetWorkflow, or Facebook @jogetworkflow. Subscribe to our YouTube @jogetinc.

Unveiling a revolutionary AI ecosystem in world premiere 8738

Get ready to witness the dawn of a new era in the world of artificial intelligence. On 24th October, Openfabric AI is set to launch, and this groundbreaking project is about to change the way we interact with AI applications forever.

So, what exactly is Openfabric? Imagine a decentralized Layer 1 AI protocol that leverages the power of blockchain, advanced cryptography, and cutting-edge infrastructure to create an entirely new foundation for AI-Apps. Openfabric is poised to make it easier than ever to build and connect AI applications, giving everyone quick, affordable, and hassle-free access to powerful AIs.

Andrei Tara, the visionary founder of Openfabric, describes it as “an open protocol that simplifies the entire journey of constructing, using, and linking AI applications, granting people the power to harness AI technology with the same ease as opening a webpage.” This is a game-changer, allowing even those with limited technical expertise to tap into the incredible potential of AI.

Openfabric’s journey began in 2019, with a strong commitment to research and decentralization, much like the early days of Bitcoin. Now, they’re on the brink of launching their very own coin, which promises to be a significant event in the world of blockchain and AI.

With a strong presence on social media and an online community of over 200,000 followers, Openfabric has already garnered a substantial following. Their ecosystem is buzzing with anticipation.

But it doesn’t stop there. Openfabric has more than 800 developers eagerly waiting on their early access list. Their backing includes support from heavy-hitters like GSR, Cogitent Ventures, Big Brain Holdings, and Labs further solidifying their position as a leading force in the AI-Apps arena.

With three breakthrough AI apps already available (Drug Discovery, AI trading Bot and Genome Generator), an additional 50+ in the marketplace, Openfabric delivers practical solutions.

Openfabric’s Telegram and Discord channels are already hosting four AI apps: Artfabric, Memefabric, QRfabric, and Soundfabric. These applications have taken their respective niches by storm, redefining the way we interact with art, memes, QR codes, and sound. The innovation and creativity behind these apps are reshaping industries and sparking conversations worldwide.

For those eager to get involved, Openfabric has conducted a successful IDO (Initial DEX Offering) on prominent platforms like Seedify, Poolz_Finance, ChainGPT, and Enjinstarter. This opportunity allows you to be a part of their journey from the very beginning, potentially reaping the rewards as Openfabric’s influence in the AI world continues to grow.

The platform has undergone stringent security audits by Hacken and CertiK, ensuring a safe and secure environment.

Altcoinbuzz has highlighted Openfabric as a combination of robust and proven projects, asserting that it represents an enhanced and comprehensive version of these initiatives, effectively positioning it as an all-in-one project.

Openfabric’s OFN token is set to take the world of crypto and artificial intelligence by storm. Here’s why it’s generating so much excitement:

  • Openfabric has cultivated 40+ strategic partnerships across various industries, providing a robust support network.
  • The OFN token is your key to accessing a world of AI applications and crypto possibilities.

In just a few days, Openfabric AI will emerge as a dominant force in the realm of AI-Apps, bringing blockchain technology, powerful AI, and an open, user-friendly protocol together in a groundbreaking ecosystem. Don’t miss out on this opportunity to witness history in the making and be part of the future of AI. Stay tuned and get ready to embark on this exciting journey with Openfabric.

Cardano’s First-ever Social Media App Goes Live 9729

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Cardano Spot unveils its application to bring the whole community to one spot.

On October 18, 2023, Cardano Spot launched Cardano’s first-ever social media application. The emerging social network platform built to empower and connect Cardano enthusiasts is now all set to help native projects.

Cardano Spot has built an advanced platform for onboarding Cardano native projects and their communities. Via the social media app, Web3 users can learn and connect with the Cardano ecosystem, subjects ranging from “Emerging Cardano-based DeFi projects” to topics such as “How To Create Non-Fungible Tokens on Cardano (CNFTs)?” The platform has been developed based on community feedback and direction and now available on iOS and Android devices

“Decentralised social media is the future of how people engage, connect, and earn rewards through contribution. We are thrilled to have launched the first social network on Cardano with the support from the community. ” – Sebastian Zilliacus, Co-Founder, Cardano Spot

Why Cardano Spot App?

The Cardano Blockchain hosts thousand ongoing projects and boasts a vibrant community of over 4 million wallets. Cardano Spot is designed to cater to these native projects and their communities, offering the following features:

Community Hub: Experience a personalised and curated home feed where you can create content, connect with creators, and find like-minded community members.

News Feed: Stay updated with the latest news and insights from the Cardano Ecosystem. Access educational posts, articles, and video materials to enhance your knowledge and expertise.

Project Library: Explore and learn about various Cardano projects and stay updated on the latest trends in the Cardano ecosystem. The content-rich library provides detailed project descriptions, whitepapers, explainer videos, and links to assist you in researching a project. It serves as your comprehensive resource for conducting thorough research on Cardano projects.

Events Calendar: Never miss out on in-person and online crypto events with events calendar. Stay informed about upcoming Cardano-related events such as live streams, meetups, discussions, product launches, and more.

Market Status: Stay informed about the latest information on token prices, market capitalization, and tokenomics, enabling you to make well-informed decisions in the crypto market.

Multilingual: Multilingual interfaces make Cardano Spot accessible globally, allowing you to use the app in your native language. In its version 1.0, the Cardano Community app is available in English, Spanish, Chinese, Thai, Vietnamese, Portuguese, Japanese, etc.

The enhanced stack ensures that Cardano Spot operates with faster speed and consistency. The application interface is more sleek and intuitive, with an eye-pleasing dark theme.


Access end-to-end knowledge about everything Cardano at your fingertips.

About Cardano Spot

Cardano Spot is an emerging Web3 social media platform developed with the Cardano community at its core. It is a home for Cardano enthusiasts, where users can stay updated with the ecosystem. They can also grow through insights into the market and connections with the community.

SLOMINING Announces New Short-Term Cloud Mining Contracts 9733

SLOMINING, a leading player in the cloud mining industry, is excited to introduce its latest offering: Short-Term Cloud Mining Investment Contracts. Designed to provide users with a cost-effective entry point into the world of cryptocurrency mining, these contracts ensure a stable Return on Investment (RoI) while expanding opportunities in the crypto space.

Founded in 2021 and headquartered in the United Kingdom, SLOMINING has quickly established itself as a frontrunner in the global cloud mining arena. With a membership base exceeding 300,000, the company has been at the forefront of leveraging blockchain and cryptocurrencies to deliver exceptional mining experiences.

SLOMINING prides itself on offering a user-friendly platform accessible to both newcomers and experienced miners. The interface is intuitive and easy to navigate, ensuring a seamless mining experience for all users.

One of the key differentiators for SLOMINING is its commitment to cutting-edge new energy mining technology. By employing the latest advancements, the company provides a reliable and secure platform for mining cryptocurrencies. The state-of-the-art equipment is optimized for energy efficiency, minimizing environmental impact while maximizing returns.

The company places utmost priority on stability and security, implementing rigorous security measures and a vigilant risk management approach to safeguard investments and ensure a risk-free mining environment.

SLOMINING invites individuals to join its dynamic community of miners, passionate about the potential of cryptocurrencies. Whether users are newcomers venturing into the world of crypto mining or experienced miners seeking a reliable platform, SLOMINING caters to all.

In an effort to push the boundaries of cloud mining, SLOMINING encourages individuals to embark on an exciting journey and experience the ease of use, security, and profitability it offers. To explore the newly introduced short-term cloud mining investment contracts, including Litecoin#1781, Litecoin#1785, Ethereum#1857, and Ethereum#1868, visit SLOMINING Contracts.

Additionally, SLOMINING extends an invitation to participate in their affiliate program (Partner Program) and earn a lifetime commission of up to 3%. Participants can operate the program with ease, start generating income, and become a part of the future of cryptocurrency mining without any initial investment.


Founded in 2021 and headquartered in the United Kingdom, SLOMINING has rapidly emerged as a frontrunner in the cloud mining industry. With a global membership exceeding 300,000, our company has been at the forefront of harnessing the power of blockchain and cryptocurrencies.

Rarimo Foundation Launches MetaMask Snap, RariMe, Enabling Cryptocurrencies and Identity Credentials To Be Stored and Managed From A Single Wallet 10159

Rarimo Foundation has launched RariMe, a MetaMask Snap that enables MetaMask users to store and manage identity credentials through their MetaMask wallet, developed by Consensys.

RariMe is built with MetaMask’s Snaps platform, which launched on 12 September and allows developers to build applications that can bring new functionalities to MetaMask’s users.

RariMe introduces an entirely new social identity function to MetaMask and ends wallet fragmentation; users will no longer have to switch between their identity and digital asset wallets. In a single swoop, MetaMask users will instantly have access to identity storage and privacy-enhancing Zero-Knowledge Proof (ZKPs) generation and management. Given that in 2022, MetaMask surpassed 100 million users, this significantly expands the presence of digital identity.

RariMe also further improves the user experience, by ensuring that all credentials are fully multi-chain. For one of the first times in Web3, users will not have to issue separate proofs for separate chains. Instead, they can issue a proof on the chain of their choice and then use it seamlessly across Ethereum, Polygon, BNB Chain, and Avalanche. This is possible because RariMe was built atop of interoperability protocol, Rarimo, which enables state replication and on-chain verification.

Lasha Antadze, Co-Founder of Rarify Labs, commented, “RariMe snap dramatically improves the user experience around digital identities. Users will no longer have to switch between multiple apps and interfaces and the friction between identities and crypto has been removed. This will fuel the growth of the digital identity space and the many emerging Web3 movements that require identities, including decentralized social media and on-chain gaming.”

“MetaMask is thrilled to welcome Rarimo as one of the trailblazing builders for MetaMask Snaps. We strongly believe that permissionless innovation is fundamental to a decentralized ecosystem. With Snaps, we’re not just expanding features; we’re excited to see Rarimo use Snaps to open the doors to digital identities, credentials management, and decentralized social protocols, ultimately empowering our users like never before,” said Christian Montoya, Product Lead at MetaMask Snaps.

From launch, RariMe will be integrated with Rarimo’s Proof-of-Humanity plug-in which was released last month to enable users to leverage identity credentials from Unstoppable Domains, Civic, and Gitcoin to prove that they are humans and not bots. RariMe will automatically provide users with an end-to-end flow on the reputation-building platforms Galxe, Zeely, and quest focused application QuestN.

About Rarimo

Rarimo is the interoperability protocol for digital social identities. Its distinctive infrastructure enables identity components to be integrated on-chain, and seamlessly ported across ecosystems. This ensures that Web3 can develop without the walled gardens and cumbersome identity practices of Web2.

About Rarimo Foundation

Rarimo Foundation is a not-for-profit company devoted to implementing the decisions of the Rarimo DAO.

About Rarify Labs

Rarify Labs is an ecosystem contributor dedicated to advancing Rarimo.