No Ban, Govt Regulating Cryptocurrency to Check Role in 'Hawala', Terror Funding: Sources
3 years, 1 month ago

No Ban, Govt Regulating Cryptocurrency to Check Role in 'Hawala', Terror Funding: Sources

News 18  

The Centre’s move to bring a bill in the upcoming Winter Session of Parliament to regulate cryptocurrency has sparked a ripple effect, with bitcoin prices crashing to the lowest in a month. The government is concerned about the underground transactions happening against cryptocurrency — particularly its role in ‘hawala’ and terror funding,” they said. It was then also discussed that “unregulated” crypto markets cannot be let to become avenues for money laundering and terror financing.” The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is among 26 bills listed for introduction in the Winter Session, beginning on November 29, according to the Lok Sabha website. According to data sourced from CoinDesk, a New York-based news site specialising in cryptocurrencies, Bitcoin’s value depreciated to $55,460.96 on Tuesday evening, an additional 20 per cent slump from the all-time high of nearly $69,000 that it reached earlier on in November. Prime Minister Narendra Modi had last week said cryptocurrencies must not fall into the “wrong hands and spoil our youth”, urging all democratic nations to come together and ensure things like these do not happen.

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History of this topic

A timeline of crypto regulations: From ‘illegal tender’ to G20’s nod
1 year, 2 months ago

A timeline of crypto regulations: From ‘illegal tender’ to G20’s nod

Live Mint  

Finance ministers of G20 nations have now adopted the synthesis paper released by Financial Stability Board and International Monetary Fund that carries a number of suggestions on regulations of cryptocurrencies. Here is the timeline of regulatory evolution that the digital currencies have undergone: Feb 1, 2018: Then Finance Minister Arun Jaitley, during the Budget Speech, said government did not consider …

As G-20 plans crypto regulatory framework, India may shelve plan for outright ban
1 year, 3 months ago

As G-20 plans crypto regulatory framework, India may shelve plan for outright ban

The Hindu  

With the G-20 countries agreeing to explore a coordinated regulatory framework for crypto assets, India could wait a while longer before firming up its domestic regulations for crypto currencies, and initiate a dialogue with stakeholders on the way forward. Any country can allow higher risks if they want, or ban it if they like, but whatever one does, it should …

Govt Has No Intention Of Legalising Cryptocurrencies, Says Pakistan Minister
1 year, 7 months ago

Govt Has No Intention Of Legalising Cryptocurrencies, Says Pakistan Minister

News 18  

Cryptocurrencies have been banned in Pakistan as per the decision of the Senate Standing Committee on Financial Affairs. However, officials from the State Bank of Pakistan believe that cryptocurrencies are fraudulent means, which will never be acknowledged in the country. These officials have further stated that Pakistan’s Federal Investigation Agency and Financial Monitoring Unit are implementing stringent measures to combat …

Explained | Why is crypto trade within PMLA ambit?
1 year, 9 months ago

Explained | Why is crypto trade within PMLA ambit?

The Hindu  

The story so far: On March 7, to further tighten the loosely regulated crypto market, the Finance Ministry said that all virtual digital assets will come within the ambit of the Prevention of Money Laundering Act, 2002. Editorial | Belated, but essential: On bringing all trade in virtual digital assets under the PMLA In July 2022, Union Minister of State …

G20 exploring cryptocurrency regulation, says India's Finance Minister Sitharaman
1 year, 10 months ago

G20 exploring cryptocurrency regulation, says India's Finance Minister Sitharaman

Firstpost  

Prime Minister Narendra Modi’s government has for several years debated drafting a law to regulate or even ban cryptocurrencies but has not made a final decision The Group of 20 big economies is exploring whether the group could collectively regulate cryptocurrencies, Finance Minister Nirmala Sitharaman said on Saturday. Given the sophisticated technologies involved with these virtual assets, countries must discuss …

Explained | What is the crypto awareness campaign?
1 year, 11 months ago

Explained | What is the crypto awareness campaign?

The Hindu  

The story so far: The Investor Education and Protection Fund will launch an outreach programme soon to create awareness of cryptocurrencies and online gaming. People may presume incorrectly that it is illegal,” he states, adding, “One may be indulging in unlawful transactions like money laundering using crypto assets. As for the allegations, Mr. Menon told The Hindu, “The immutable, public …

Private cryptocurrencies can cause next financial crisis if allowed to grow, warns RBI Governor
2 years ago

Private cryptocurrencies can cause next financial crisis if allowed to grow, warns RBI Governor

The Hindu  

Pressing for the prohibition of instruments like Bitcoin, Reserve Bank Governor Shaktikanta Das on Wednesday warned that the next financial crisis can be triggered by private cryptocurrencies, if such speculative instruments are allowed to grow. "It's a 100% speculative activity, and I would still hold the view that it should be prohibited if you try to regulate it and allow …

Understanding cryptocurrencies
2 years, 5 months ago

Understanding cryptocurrencies

Hindustan Times  

There is a need for a broader international collaboration before cryptocurrency regulations can be drawn up in India, finance minister Nirmala Sitharaman told Parliament this week. In May, an entire currency — known as the Terra/Luna stablecoin pair — and a crypto-based lending platform known as Celsius crashed, wiping out tens of millions of dollars of wealth. Searching with just …

RBI wants govt to prohibit cryptocurrencies: FM Sitharaman
2 years, 5 months ago

RBI wants govt to prohibit cryptocurrencies: FM Sitharaman

India TV News  

Highlights Nirmala Sitharaman said RBI has expressed concerns over cryptocurrencies "They should be prohibited as they can have destabilising effects on monetary and fiscal stability" The RBI mentioned that cryptocurrencies are not a currency Finance Minister Nirmala Sitharaman on Monday said the RBI has expressed concerns over cryptocurrencies saying that they should be prohibited as they can have destabilising effects …

Cryptocurrencies clear danger, says RBI Governor
2 years, 5 months ago

Cryptocurrencies clear danger, says RBI Governor

The Hindu  

The government is in the process of finalising a consultation paper on cryptocurrencies after gathering inputs from various stakeholders and institutions. In the foreword to the 25th issue of the Financial Stability Report released on Thursday, Das also said that as the financial system gets increasingly digitalised, cyber risks are growing and need special attention. In the foreword of the …

Money Laundering And Terror Financing Biggest Crypto Crime Concerns: Nirmala Sitharaman
2 years, 8 months ago

Money Laundering And Terror Financing Biggest Crypto Crime Concerns: Nirmala Sitharaman

News 18  

Union minister of finance Nirmala Sitharaman recently said that the biggest risk of cryptocurrency in the midst of the pioneering fintech revolution is money laundering and its use to finance terrorism. Crypto And Crimes Money laundering is one of the most common crimes in the crypto sector, with cases increasing by over 30 per cent between 2020 and 2021, according …

Money laundering, terror financing biggest concerns around cryptocurrency, says Nirmala Sitharaman
2 years, 8 months ago

Money laundering, terror financing biggest concerns around cryptocurrency, says Nirmala Sitharaman

India Today  

Casting further doubts on the already-uncertain cryptocurrency market in India, Union Finance Minister Nirmala Sitharaman on Monday, April 18, said the biggest risk around cryptocurrency is its possibility to be used for money laundering and terror financing. Sitharaman said: “The biggest risk for all countries across the board will be the aspect of money laundering and that of such currency …

Cryptocurrency to be banned in India? What we know so far
2 years, 10 months ago

Cryptocurrency to be banned in India? What we know so far

India Today  

The question over the legality of cryptocurrencies in India has garnered eyeballs, especially after the government's move to tax virtual digital assets. Apart from providing clarity on taxation on virtual digital assets, Union Finance Minister Nirmala Sitharaman and top officials of the government have given statements on the future of cryptocurrency in the country. The proposed bill TAXATION ON VIRTUAL …

Cryptocurrencies worse than Ponzi schemes, banning them advisable: RBI Deputy Governor
2 years, 10 months ago

Cryptocurrencies worse than Ponzi schemes, banning them advisable: RBI Deputy Governor

India Today  

Reserve Bank of India Deputy Governor T Rabi Sankar on Monday said that banning cryptocurrencies is the most advisable choice for India as they are akin to Ponzi schemes and "may even be worse". FM Nirmala Sitharaman replies Rabi Sankar said that cryptocurrencies can wreck the currency system, the monetary authority, the banking system, and in general, the government’s ability …

Cryptocurrencies Akin To Ponzi Schemes, Need To Be Banned: RBI Deputy Governor
2 years, 10 months ago

Cryptocurrencies Akin To Ponzi Schemes, Need To Be Banned: RBI Deputy Governor

ABP News  

Mumbai: Making a strong case for banning cryptocurrencies, Reserve Bank Deputy Governor T Rabi Sankar on Monday said they are even worse than Ponzi schemes and threaten the financial sovereignty of a country. Observing that crypto-technology is underpinned by a philosophy to evade government controls, he said they have been specifically developed to bypass the regulated financial system. "They threaten …

Banning cryptocurrency perhaps most advisable choice open to India: RBI Deputy Governor
2 years, 10 months ago

Banning cryptocurrency perhaps most advisable choice open to India: RBI Deputy Governor

India TV News  

Highlights Banning cryptocurrency is perhaps the most advisable choice open to India, says RBI Deputy Governor Crypto-technology is underpinned by a philosophy to evade government controls, he said Cryptocurrencies developed to bypass regulated financial system, RBI Deputy Guv said Banning cryptocurrency is perhaps the most advisable choice open to India, said RBI Deputy Governor T Rabi Sankar adding they have …

Cryptocurrencies to be banned in India? FM Nirmala Sitharaman replies
2 years, 10 months ago

Cryptocurrencies to be banned in India? FM Nirmala Sitharaman replies

India Today  

Finance Minister Nirmala Sitharaman on Friday said that a decision on "banning or not banning" cryptocurrencies will be taken after consultations. She also said that the government's move to levy a 30 per cent tax on gains from cryptocurrencies has nothing to do with the legality of private digital currencies in the market. "Banning or not banning cryptocurrencies will come …

Cryptocurrencies are threat to macroeconomic and financial stability, warns RBI governor
2 years, 10 months ago

Cryptocurrencies are threat to macroeconomic and financial stability, warns RBI governor

India TV News  

Highlights RBI Guv Shaktikanta Das said cryptocurrencies are threat to macroeconomic, financial stability. RBI Governor Shaktikanta Das on Thursday made it clear that private cryptocurrencies are a threat to macroeconomic and financial stability, and undermine its ability to deal with challenges on the two fronts. Private cryptocurrencies or whatever name you call it are a threat to our macroeconomic stability …

As of 2021, Over 50 Countries Have Bans on Cryptocurrency
2 years, 11 months ago

As of 2021, Over 50 Countries Have Bans on Cryptocurrency

News 18  

Cryptocurrencies gained extraordinary popularity in 2021. In May 2021, the Asian country decided to ban Chinese financial institutions from providing services relating to cryptocurrencies. According to the Law Library of Congress report of November 2021, 51 countries have taken the step of banning cryptocurrencies, either implicitly or absolutely. In its report, the Law Library of Congress lists 103 countries that …

Private cryptocurrencies pose immediate risks to customer protection, prone to frauds: RBI
2 years, 11 months ago

Private cryptocurrencies pose immediate risks to customer protection, prone to frauds: RBI

The Hindu  

Private cryptocurrencies pose immediate risks to customer protection and are prone to frauds and extreme price volatility, given their highly speculative nature, the Reserve Bank of India said in its financial stability report released on Wednesday. The latest report noted that the proliferation of private cryptocurrencies across the globe has sensitised regulators and governments to the associated risks. "Private cryptocurrencies …

Private Cryptocurrencies Pose Immediate Risks to Customer Protection, Says RBI
2 years, 11 months ago

Private Cryptocurrencies Pose Immediate Risks to Customer Protection, Says RBI

News 18  

Mumbai, Dec 29: Private cryptocurrencies pose immediate risks to customer protection and are prone to frauds and extreme price volatility, given their highly speculative nature, the Reserve Bank of India said in its financial stability report released on Wednesday. The latest report noted that the proliferation of private cryptocurrencies across the globe has sensitised regulators and governments to the associated …

Neither ban nor regulate crypto
3 years ago

Neither ban nor regulate crypto

The Hindu  

“India has officially adopted bitcoin as legal tender,” tweeted the Prime Minister at 2 a.m. on December 12. For now, the Indian government must be explicit that India will never recognise cryptocurrencies as currency. The argument for regulating cryptocurrencies is the notion that millions of investors indulge in risky cryptocurrency trading which can cause losses, increase volatility, spur shadow finance …

Cryptocurrency: 5 questions crypto investors are asking from government before likely ban
3 years ago

Cryptocurrency: 5 questions crypto investors are asking from government before likely ban

India TV News  

With India preparing to introduce the much-anticipated Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, in the ongoing Winter Session of the Parliament, all eyes are on what will happen to the investors' hard-earned money once the ban on all private cryptocurrencies comes into effect. Although Finance Minister Nirmala Sitharaman informed the Parliament that the government has no proposal …

Plea Before Madras High Court Seeks Ban On Cryptocurrency Trade Advertisements
3 years ago

Plea Before Madras High Court Seeks Ban On Cryptocurrency Trade Advertisements

Live Law  

A petition before Madras High Court seeks a ban on The Finance Secretary, Cabinet Secretary and the Ministry of Information & Broadcasting have been arraigned as the Respondents to stop "On the 1st page of newspapers itself,several media sources of our country are publishing the The petitioner submits that cryptocurrencies cannot adequately fulfil the functions of money and opens up …

Be aware of bitcoin, other cryptocurrencies
3 years ago

Be aware of bitcoin, other cryptocurrencies

The Hindu  

Virtual currencies created using blockchain technology have been the subject of great speculation and discussion in recent times. Legendary investors Charlie Munger and Warren Buffet have gone as far as to call Bitcoin and other cryptocurrencies ‘rat poison.’ Before debating on whether to ban private cryptocurrency, it is prudent first to understand what cryptocurrencies are. Private cryptocurrencies being adopted as …

Govt may not ban cryptocurrencies, regulation likely: Reports
3 years ago

Govt may not ban cryptocurrencies, regulation likely: Reports

India Today  

Cryptocurrencies may not be completely banned in India and the government may create a framework to regulate highly risky virtual assets, as per multiple reports. The development comes at a crucial time as the government’s upcoming cryptocurrency bill has spooked investors and other stakeholders. Read | Cryptocurrency Bill: Raining on India's crypto parade A few days ago, Finance Minister Nirmala …

Don’t ban cryptocurrencies, instead set up a regulatory body
3 years ago

Don’t ban cryptocurrencies, instead set up a regulatory body

Firstpost  

The potential of crypto is enormous and banning it would be throwing the baby out with the bathwater Whether you are for or against bitcoins and cryptocurrencies, you cannot deny their importance as an evolution in money and banking. There are approximately 150-200 million crypto users worldwide and about 15-20 million in India, according to Nischal Shetty, CEO of WazirX. …

Why regulating cryptocurrencies is a big challenge for govt | OPINION
3 years ago

Why regulating cryptocurrencies is a big challenge for govt | OPINION

India Today  

Much has been debated over the cryptocurrencies that has posed a significant regulatory challenge to policymakers. As free people of free nations, one is free to buy anything that they want with their tax-paid money, and hence people are free to buy cryptos. But why did the rest of the world give credence to such a currency, to the extent …

Regulation, not ban: on cryptocurrencies
3 years ago

Regulation, not ban: on cryptocurrencies

The Hindu  

Eight years after the RBI issued its first advisory cautioning holders of virtual currencies about the potential financial and security risks, and two years after drafting a Bill to ban cryptocurrencies, the Government is set to introduce legislation that would, if passed, officially proscribe such currencies. Prime Minister Narendra Modi had in a video address to the Sydney Dialogue earlier …

We don't track crypto trading: Finance Ministry
3 years ago

We don't track crypto trading: Finance Ministry

The Hindu  

The government doesn’t collect information on cryptocurrency or Bitcoin transactions in the country and has no plans to recognise Bitcoin as a currency, the Finance Ministry told Parliament on Monday. “RBI has been examining use cases and working out a phased implementation strategy for introduction of CBDC with little or no disruption,” the Minister said, adding that an official digital …

Is A Blanket Ban Possible On Cryptocurrency In India? Know How It May Impact
3 years ago

Is A Blanket Ban Possible On Cryptocurrency In India? Know How It May Impact

ABP News  

New Delhi: Everyone speculating a ban on cryptocurrencies in India may take it easy as the government is set to introduce a Bill in the upcoming winter session of Parliament which, if passed, will only ban the ‘private’ digital currencies. Investors trading in Bitcoin, Ethereum, and the likes may not be worried because these are public blockchain-based cryptocurrencies, which offer …

Cryptocurrency Bill: All You Need to Know About Private Crypto That Govt Seeks to Ban
3 years ago

Cryptocurrency Bill: All You Need to Know About Private Crypto That Govt Seeks to Ban

News 18  

The central government earlier this week officially expressed its intention to introduce a Bill aimed at prohibiting private cryptocurrencies in India. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 seeks to prohibit all private cryptocurrency. The much-anticipated cryptocurrency Bill will probably ban all private cryptocurrencies in India, but this will not be a blanket ban as per sources. …

Cryptocurrency ban in India: What are Private coins? All you need to know
3 years ago

Cryptocurrency ban in India: What are Private coins? All you need to know

India TV News  

Highlights Govt will table Cryptocurrency and Regulation of Official Digital Currency Bill in Parliament. Meanwhile, Speaking to India Tv on private cryptocurrencies, Hitesh Malviya, founder of ItsBlockchain, said 'banning such privately owned cryptocurrencies is a good move." In my understanding, bitcoin, ethereum, and other popular cryptocurrencies are not controlled or managed by any private entities, transactions are on the public …

Cryptocurrency Curbs in India: How Other Nations are Treading the Digital Currency Path
3 years, 1 month ago

Cryptocurrency Curbs in India: How Other Nations are Treading the Digital Currency Path

News 18  

India is all set to bring in new rules to regulate cryptocurrency as the Union government plans to introduce a Bill to ban all private cryptocurrencies in the upcoming winter session of Parliament. As per the Lok Sabha Bulletin released on Tuesday, the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 seeks to create a facilitative framework for the …

Bitcoin Ban in India: No Ban on Cryptocurrency, Govt May Bring Crypto Tax, Say Sources
3 years, 1 month ago

Bitcoin Ban in India: No Ban on Cryptocurrency, Govt May Bring Crypto Tax, Say Sources

News 18  

The central government may not go for a blanket ban on cryptocurrency in India, according to sources. The much-awaited cryptocurrency bill is likely to prohibit all the private cryptocurrencies in India, with certain exceptions, according to the bulletin mentioned in the Lok Sabha website. Tax on Cryptocurrency Cryptocurrencies are not taxed in India currently, but taxpayers do need to declare …

If Govt Bans Crypto in India, What Will Happen to Crypto in Circulation, Asks Zerodha Founder
3 years, 1 month ago

If Govt Bans Crypto in India, What Will Happen to Crypto in Circulation, Asks Zerodha Founder

News 18  

Cryptocurrency Ban in India: The Indian cryptocurrency market has gone into a frenzy ever since the government’s plan to regulate these digital assets during the upcoming winter session of the Parliament came into the play. On Wednesday, a day after the government’s plan surfaced, cryptocurrency prices have crashed and investors are worrying with just one question in their heads — …

What if India bans circulation of cryptocurrency? What Zerodha founder says
3 years, 1 month ago

What if India bans circulation of cryptocurrency? What Zerodha founder says

Live Mint  

Amid concerns over cryptocurrency, the government is set to introduce “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021" in the winter session of Parliament beginning 29 November for consideration and passing. Zerodha co-founder Nikhil Kamath took to Twitter to enquire about what will happen to cryptocurrency in circulation if the govt decides to ban it. A 100 years …

Govt to move bill in Parliament to ban crypto-currencies
3 years, 1 month ago

Govt to move bill in Parliament to ban crypto-currencies

Live Mint  

Days after Reserve Bank of India governor Shaktikanta Das sounded alarm on crypto-currencies warning very serious risk it poses for macro economy and financial stability of the country, the government’s legislative agenda for the upcoming winter session of Parliament showed it plans to ban private crypto-currencies such as bitcoin. Government is set to introduce “The Cryptocurrency and Regulation of Official …

Government to introduce Cryptocurrency bill and seek ban on all private cryptos with few exceptions
3 years, 1 month ago

Government to introduce Cryptocurrency bill and seek ban on all private cryptos with few exceptions

India Today  

The government is set to table the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the winter session of Parliament. The bill seeks to ban all private cryptocurrencies with ‘few exceptions’, the official document shared by the government says. The government was planning to ban all cryptocurrencies last year and was even planning to introduce a bill during …

Regulating cryptocurrencies: Treating them as speculative assets
3 years, 1 month ago

Regulating cryptocurrencies: Treating them as speculative assets

The Hindu  

The story so far: The Union Government is said to be considering a proposal to tax cryptocurrency transactions in the country. THE GIST With cryptocurrencies such as Bitcoin gaining popularity among citizens, the Centre has been compelled to take a stance on the legal status of these private currencies. The Centre might not be so keen on banning private cryptocurrencies …

Crypto Ban Unlikely in India, but Government to Discourage Trade: See Details of Plan
3 years, 1 month ago

Crypto Ban Unlikely in India, but Government to Discourage Trade: See Details of Plan

News 18  

The cryptocurrency market has been blooming silently in India over the past several months and after repeated concerns raised by the Reserve Bank of India, the Centre has taken note of the issue. This is because the government wants to evolve as the world changes everyday, Prime Minister Narendra clearly said during a virtual keynote address at the Sydney Dialogue …

Bitcoin Ban in India: What Experts Say on Crypto Future in Country Amid Govt Plans
3 years, 1 month ago

Bitcoin Ban in India: What Experts Say on Crypto Future in Country Amid Govt Plans

News 18  

India has recently taken a more keen note on cryptocurrencies, thanks to its robust growth in the country amid a lack of regulations. On Thursday, November 18, Prime Minister Narendra Modi said cryptocurrencies must not fall into the “wrong hands and spoil our youth”, urging all democratic nations to come together and ensure things like these do not happen. Speaking …

Bitcoin Ban in India: Know RBI and Central Government's Stand on Cryptocurrency
3 years, 1 month ago

Bitcoin Ban in India: Know RBI and Central Government's Stand on Cryptocurrency

News 18  

In a meeting chaired by Prime Minister Narendra Modi recently, the Union government and the Reserve Bank of India were not quite on the same page on cryptocurrency — a sector that has been silently blooming in India over the past few months. RBI governor Shaktikanta Das on the day reiterated the central bank’s worries about the digital token and …

'Another NSEL Scam Is Brewing': Plea Before Bombay High Court Seeks Regulation Of Cryptocurrency Market In India
3 years, 1 month ago

'Another NSEL Scam Is Brewing': Plea Before Bombay High Court Seeks Regulation Of Cryptocurrency Market In India

Live Law  

A lawyer has filed a public interest litigation before the Bombay High Court, seeking directions to the Union of India for formulating a comprehensive mechanism to rectify the risks involved in the largely unregulated cryptocurrency market in India, including appropriate legislation and guidelines. The petitioner has approached the High Court to issue directions to the respondent state for formulating law/ …

RBI Governor Raises Doubt Over Cryptocurrency Market Value, Says 'Investors Look Exaggerated'
3 years, 1 month ago

RBI Governor Raises Doubt Over Cryptocurrency Market Value, Says 'Investors Look Exaggerated'

ABP News  

New Delhi: Reiterating opposition, Governor of the Reserve Bank of India, Shaktikanta Das on Wednesday said that cryptocurrencies pose a serious threat to the financial stability in the country, reported PTI. Shaktikanta Das said that cryptocurrencies being unregulated by any central bank or authorities is a serious threat to any financial system. Expressing his doubts over the number of cryptocurrency …

RBI governor Shaktikanta Das says cryptocurrencies are serious threat to any financial system till they are regulated
3 years, 1 month ago

RBI governor Shaktikanta Das says cryptocurrencies are serious threat to any financial system till they are regulated

India Today  

RBI governor Shaktikanta Das has once again underlined the concerns around cryptocurrencies, calling them a threat to any financial system, at least till they are regulated. He said that cryptocurrencies are serious threats to the macroeconomic and financial stability of the country and also doubted the number of investors trading on them as well as their claimed market value. But …

Government unlikely to ban Bitcoin and other cryptocurrencies, finding middle path
3 years, 1 month ago

Government unlikely to ban Bitcoin and other cryptocurrencies, finding middle path

India Today  

The Indian government was really close to imposing a blanket ban on cryptocurrencies last year. According to a report by Economic Times, the government is now considering making cryptocurrencies a digital asset and introducing regulations to safeguard investors. The government believes that Indian investors have put large volumes of investments in cryptocurrencies to outrightly ban them. If the bill is …

Explained | Why are so many investors rallying behind bitcoin?
3 years, 1 month ago

Explained | Why are so many investors rallying behind bitcoin?

The Hindu  

The story so far: Bitcoin, the most popular private cryptocurrency in the world, has been rallying this year, hitting an all-time high of over $66,000 last week. Bitcoin enthusiasts see the rise in the price as a validation of their belief that private cryptocurrencies are a viable alternative to fiat currencies such as the dollar and the rupee. Their core …

China's Top Regulators Ban Cryptocurrency Trading, Mining Projects
3 years, 2 months ago

China's Top Regulators Ban Cryptocurrency Trading, Mining Projects

The Quint  

"All the illegal financial activities are strictly banned and will be eliminated in line with laws," said the PBC, noting that those who committed crimes by engaging in relevant illegal financial activities shall be prosecuted for liabilities. The meeting signalled that a further crackdown on virtual currency trading and mining activities is part of efforts to fend off financial risks …

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