Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial

Bank Crisis Spreads in India - Deaths, Strike, Supreme Court DenialThe Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what the bank unions call “cold-blooded murder of six banks.” Also read: Indian Finance Minister […]

The post Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Cashaa Launches Banking Solution for Indian Crypto Owners

Cashaa Launches Banking Solution for Indian Crypto OwnersBanking services platform Cashaa is offering a solution for Indian crypto owners facing banking restrictions imposed by the country’s central bank, the Reserve Bank of India (RBI). The service allows users to deposit up to 1 crore rupees (~$141,012) per month to purchase cryptocurrencies. Also read: Indian Finance Minister Answers Crypto Questions at IMF Meeting […]

The post Cashaa Launches Banking Solution for Indian Crypto Owners appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

FATF Starts Checking How Well Countries Implement Crypto Standards

FATF Starts Checking How Well Countries Implement Crypto StandardsThe Financial Action Task Force (FATF) has agreed on how it will assess whether countries have taken the necessary steps to implement the crypto-related requirements. “Given the global nature of the virtual asset industry, it is essential that countries implement these requirements swiftly,” the FATF emphasized. Also read: Where US Regulators Stand on Cryptocurrency FATF […]

The post FATF Starts Checking How Well Countries Implement Crypto Standards appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Indian Finance Minister Answers Crypto Questions at IMF Meeting

Indian Finance Minister Answers Crypto Questions at IMF ConferenceAt an IMF and World Bank meeting, Indian Finance Minister Nirmala Sitharaman talked about cryptocurrency and stablecoins when asked about Facebook’s Libra digital currency project. RBI Governor Shaktikanta Das also addressed the subject at the conference. Also read: Indian Supreme Court Postpones Crypto Case to November, New Date Confirmed Finance Minister Talks Crypto At the […]

The post Indian Finance Minister Answers Crypto Questions at IMF Meeting appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

‘No-Deal Brexit Huge Positive for UK Cryptocurrency’ – How Brexit Could Affect the Industry

'No-Deal Brexit Huge Positive for UK Cryptocurrency' - How Brexit Could Affect the IndustryBritish lawmakers have voted to postpone a crucial Brexit vote and forced Prime Minister Boris Johnson to ask the EU for an extension. News.Bitcoin.com talked to the CEO of a local crypto exchange to find out the effects a no-deal Brexit could have on the crypto industry. Also read: SEC Wants Second Look at Bitwise […]

The post ‘No-Deal Brexit Huge Positive for UK Cryptocurrency’ – How Brexit Could Affect the Industry appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Fed Research Considers Negative Interest Rates Effective Policy Tool

Fed Research Considers Negative Interest Rates Effective Policy ToolA research paper published by the Federal Reserve Bank of San Francisco shows how negative interest rates could become an important policy tool for fighting future economic downturns. The paper examines the market response to the introduction of negative interest rates by five major central banks. Also read: Where US Regulators Stand on Cryptocurrency Fed […]

The post Fed Research Considers Negative Interest Rates Effective Policy Tool appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

SEC Wants Second Look at Bitwise Bitcoin ETF Proposal

SEC Wants Second Look at Bitwise Bitcoin ETF ProposalThe U.S. Securities and Exchange Commission (SEC) is reviewing its order issued last week pertaining to a rejected proposal for a bitcoin exchange-traded fund (ETF). The proposal was filed by NYSE Arca for the Bitwise Bitcoin ETF Trust. Meanwhile, the SEC is also evaluating a proposed rule change for a different type of bitcoin ETF. […]

The post SEC Wants Second Look at Bitwise Bitcoin ETF Proposal appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Where US Regulators Stand on Crypto Assets

Where US Regulators Stand on Crypto AssetsThe U.S. has many regulators responsible for overseeing different aspects of crypto assets, each with its own stance on how they should be regulated. Major regulators in the U.S. with strong opinions on cryptocurrency include the SEC, the CFTC, the Federal Reserve, Fincen, and the IRS. Also read: Tax Guide: What Crypto Owners Should Know […]

The post Where US Regulators Stand on Crypto Assets appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

G20 Informed Stablecoins Could Pose Financial Stability Risk

G20 Informed Stablecoins Could Pose Financial Stability RiskThe Financial Stability Board has informed the G20 finance ministers and central bank chiefs of the risks stablecoins could pose to financial stability. Unlike crypto assets which do not pose financial stability risk at this time, stablecoins could pose a host of challenges. Also read: Unicef Launches Cryptocurrency Fund Financial Stability Risk The Financial Stability […]

The post G20 Informed Stablecoins Could Pose Financial Stability Risk appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Indian Supreme Court Postpones Crypto Case to November

Indian Supreme Court Postpones Crypto Case to NovemberThe Supreme Court of India on Tuesday once again postponed hearing the case against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case today. Also read: RBI Ban Stops Indian Police […]

The post Indian Supreme Court Postpones Crypto Case to November appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico