wordpress blog stats
Connect with us

Hi, what are you looking for?

Tata Consultancy Services launches enterprise cryptocurrency trading platform

Tata Consultancy Services has launched an enterprise product for cryptocurrency trading for banks and investments, the company announced. Called Quartz Smart Solution, the platform will support multiple cryptocurrencies, stable coins, digital currencies linked to fiat currencies, trading venues and public blockchain networks. Quartz is a startup incubated by TCS that works on blockchain.

The product includes blockchain software, a code development kit, a “Quartz Gateway”, and a “command center”.

The cryptocurrency industry was revived in India after the Supreme Court in March struck down the RBI’s banking ban against cryptocurrencies, calling the ban disproportionate. The RBI had restricted banks from providing services to cryptocurrency exchanges, cutting them off from the formal economy. The ban effectively crippled cryptocurrency exchanges from carrying out their business. The ruling came after multiple cryptocurrencies exchanges in India and industry body IAMAI had approached the court, challenging the ban.

Soon after the ban was lifted, CoinDCX, Zebpay, WazirX, and others began trading cryptocurrencies once again. According to Cointelegraph, banks have refused to process cryptocurrency-related transactions even after the RBI’s circular became void. According to Cointelegraph, WazirX’s daily trading volumes increased compared to pre-lockdown numbers.

A few days after the SC ruling, cryptocurrency exchange Binance Group in March set up a $50 million fund to incubate and invest in blockchain products and startups in India. In November 2019, Binance acquired Indian exchange WazirX, allowing sale of cryptocurrencies in rupees on the Binance.

Advertisement. Scroll to continue reading.

Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.


Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.


Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.


The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.


For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ