Indian PM Awards Crypto App Creator as Supreme Court Deliberates on Ban
India’s Prime Minister Narendra Modi awarded younger entrepreneur Harshita Arora, the developer of a cryptocurrency worth monitoring software, amid an ongoing battle in her house nation over the standing of cryptocurrency.
In a tweet on Jan. 24, Modi mentioned that Arora’s “passion towards science, technology and human welfare are clearly visible.” She acquired the Bal Shakti Puraskar 2020: an award recognizing youth’s contributions within the fields of social service, innovation, bravery, sports activities, artwork and tradition and scholastics.
Arora was born on Oct. 2, 2001, and “created an app to safeguard investors from scammers,” in accordance with Modi’s tweet. Her app, Crypto Price Tracker, is a portfolio administration and worth monitoring app.
She additionally labored on the “Food AI” software that identifies meals in footage, and one other software that helps biologists rely cells in microscope pictures — the aptly named “CellCount.”
The difficult scenario of crypto in India
The indisputable fact that the prime minister issued an official award to a crypto-involved particular person is especially fascinating given the situations for the cryptocurrency within the nation.
As Cointelegraph lately reported, the Supreme Court of India this week listened to additional hearings within the landmark case towards the Reserve Bank of India’s ban on banks’ dealings with crypto-related companies.
The case was dropped at the very best court docket within the nation by the Internet & Mobile Association of India after public and industry-led petitions towards the RBI’s imposition of a blanket ban on banks’ providers to crypto companies again in April 2018, which got here into impact in July of that 12 months.
Furthermore, some lawmakers within the Indian parliament have drafted a invoice that may ban cryptocurrencies within the nation outright. In July 2019, a replica of a invoice entitled “Banning of Cryptocurrency & Regulation of Official Digital Currencies ” leaked to the press.
The invoice goals to ban any non-government digital belongings and defines such belongings as “any information or code or number or token not being part of any Official Digital Currency, generated through cryptographic means or otherwise, providing a digital representation of value.”
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