Report: Central African Banking Regulator Says Crypto Ban Still Effective

An African regulator has told members of the six-nation Economic and Monetary Community of Central Africa (CEMAC) that a ban on cryptocurrencies is still effective. The regulator said the prohibition is designed to ensure financial stability is maintained within the economic bloc. COBAC to Set Up System to Identify Crypto Transactions An African regulator, the […]

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RBI Deputy Governor: Banning Crypto Is ‘Most Advisable’ for India, Regulation Is ‘Futile’

RBI Deputy Governor Calls for Crypto Ban — Says Cryptocurrency Cannot Be RegulatedA deputy governor of India’s central bank, the Reserve Bank of India (RBI), likens cryptocurrencies to Ponzi schemes, emphasizing that they cannot be regulated. “It would be futile to regulate cryptocurrencies,” he claims, stating that they should be banned. RBI’s Deputy Governor Sees Crypto Ban as ‘the Most Advisable Choice Open to India’ A deputy […]

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Hungary’s Central Bank Governor Calls for EU-Wide Ban on Cryptocurrency Trading and Mining

Hungary's Central Bank Governor Calls for EU-Wide Ban on Cryptocurrency Trading and MiningThe governor of Hungary’s central bank has called for a ban on cryptocurrency trading and mining in the European Union. “It is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids,” he said. Hungarian Central Bank Chief Wants EU-Wide Crypto Trading and Mining Ban The Hungarian National Bank, the central […]

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Deloitte: 82% of Indians Surveyed Plan to Invest in Crypto Once Government Provides Regulatory Clarity

Deloitte: 82% of Indians Surveyed Plan to Invest in Crypto When Government Provides Regulatory ClarityA recent survey by Deloitte shows that 82% of Indians plan to invest in cryptocurrency when the government provides more clarity surrounding the regulation of crypto assets. Moreover, 77.4% of respondents want cryptocurrency to be treated as securities. Indian Crypto Survey: 82% Plan to Invest in Crypto Once It Is Regulated Professional services firm Deloitte […]

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SEC Chairman Gary Gensler: No Plan to Ban Crypto, It’s up to Congress

SEC Chairman Gary Gensler says that the SEC has no plan to ban cryptocurrencies as China has done. He noted that it would be up to Congress to make such a decision. Recently, Federal Reserve Chairman Jerome Powell similarly said that the Fed had no intention to ban or limit the use of cryptocurrencies. SEC […]

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Central Bank of Nigeria Denies It Has Placed New Restrictions on Cryptocurrencies — Uses Debunked Claims to Justify New Directive

Central Bank of Nigeria Denies It Has Placed New Restrictions on Cryptocurrencies — Uses Debunked Claims to Justify New DirectiveFollowing the outcry over the Central Bank of Nigeria’s latest directive that targets cryptocurrencies, the institution has reaffirmed its stance with another statement. In the latest five-page document, the CBN insists that this directive is intended to protect the country’s financial system from the “risks” that are associated with cryptocurrencies. Debunked Claims Still, the central […]

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Will India Ban Crypto? 5 Exchange Executives Shed Light on the Truth

Will India Ban Crypto? 5 Exchange Executives Shed Light on the TruthThere has been some confusion over whether India will ban cryptocurrency, including bitcoin, following recent reports of a note being circulated by the government. News.Bitcoin.com interviewed executives of five cryptocurrency exchange platforms in India to find out the truth about the news. Indian Crypto Ban: What’s Likely? Talks of the Indian government banning cryptocurrency have […]

The post Will India Ban Crypto? 5 Exchange Executives Shed Light on the Truth appeared first on Bitcoin News.

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Some Indian Banks Ignore Supreme Court Verdict on Cryptocurrency, RBI Urged to Rectify

Some Indian Banks Ignore Supreme Court Verdict on Cryptocurrency, RBI Urged to RectifyDespite the Indian supreme court quashing the central bank’s ban on crypto, some major banks, including HDFC and Indusind Bank, are still arbitrarily declining to process crypto transactions. Banks say they are waiting for instructions to lift the ban from the Reserve Bank of India (RBI). Also read: Bitcoin Legal in India — Exchanges Resume […]

The post Some Indian Banks Ignore Supreme Court Verdict on Cryptocurrency, RBI Urged to Rectify appeared first on Bitcoin News.

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Global Investments Into Indian Crypto Sector Surge After Supreme Court Lifts Ban

Global Investments Into Indian Crypto Sector Surge After Supreme Court Lifts BanIndia has become increasingly attractive to new crypto businesses and investors from all over the world now that the supreme court has lifted the banking ban. Some companies are expanding operations into the Indian market while others are investing in the country’s crypto ecosystem. Also read: Bitcoin Legal in India — Exchanges Resume INR Banking […]

The post Global Investments Into Indian Crypto Sector Surge After Supreme Court Lifts Ban appeared first on Bitcoin News.

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