In Brief: Government mulls law to ban cryptocurrency trading; Clumio gets AWS Outposts Ready designation

The central government might introduce a new law banning trade in cryptocurrencies, Bloomberg has reported. The bill is expected to be discussed shortly by the cabinet before it is sent to parliament. The report revealed that the government is ready to encourage blockchain, the technology underlying cryptocurrencies, but is not keen on cryptocurrency trading. In March, the Supreme Court of India quashed the Reserve Bank of India (RBI) ban on virtual currencies such as Bitcoin. 

Read: India mulls law to ban cryptocurrencies

Clumio achieves AWS Outposts Ready designation

Santa Clara, California based software-as-a-solution startup Clumio, which focuses on data backup and protection solutions for enterprises, on Wednesday announced that it has achieved the AWS Outposts Ready designation, which is part of the Amazon web services (AWS) service ready programme. This designation recognizes that Clumio’s enterprise backup as a service has demonstrated successful integration with AWS Outposts deployments, the statement said. 

HackerEarth inks deal with Zoho

Technical assessment and interview solution provider HackerEarth has entered into a partnership with Zoho Recruit, which offers end-to-end hiring solutions to streamline customers’ recruitment process.  Under the partnership, Zoho will integrate its smart cloud-based applicant tracking system (ATS), Zoho Recruit, with HackerEarth's skill-based developer screening platform, HackerEarth Assessments, the statement said. This move will streamline the recruitment workflow of recruiters and hiring managers by letting them send comprehensive coding assessments to job applicants, directly from Zoho Recruit's hiring software dashboard.

Unacademy elevates Karan Shroff to CMO

Sorting Hat Technologies, which runs ed-tech platform Unacademy has promoted Karan Shroff to the role of chief marketing officer (CMO), from vice president of marketing. Prior to his stint at the edtech major, he served as head of brand marketing for Xiaomi and the manager of marketing and events at Herbalife International India. He holds a B com in commerce/business from Presidency College.