ban cryptocurrency – DIGIT INFO

India’s Monetary Policy Committee Member: Total Crypto Ban Is Difficult to Implement, Crypto Assets Should Be Regulated

DIGIT — Wed, 05 Jan 2022 04:30:47 +0000

A renowned economist who is a member of India’s Monetary Policy Committee says that a total cryptocurrency ban is difficult to implement and “would only increase illegal activities and participation in the darknet.” She believes that crypto assets should be regulated. Monetary Policy Committee Member Says a Complete Crypto Ban Is Difficult to Implement Ashima […]

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Legal Experts Say It’s Too Late to Ban Crypto, India Needs Comprehensive Regulation

DIGIT — Wed, 29 Dec 2021 04:30:02 +0000

Indian legal experts reportedly say that it is too late to ban cryptocurrency despite calls for a complete crypto ban by the central bank, the Reserve Bank of India (RBI). The Swadeshi Jagran Manch (SJM), an affiliate of the nationalist Rashtriya Swayamsevak Sangh, also passed a resolution calling for an outright ban on crypto. Meanwhile, […]

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Indian Central Bank RBI Favors Complete Crypto Ban, Says Partial Ban Won’t Work

DIGIT — Sat, 18 Dec 2021 17:00:02 +0000

India’s central bank, the Reserve Bank of India (RBI), has reportedly told the central board of directors that it favors a complete ban on cryptocurrencies, stating that a partial ban will not work. The central bank reiterates that it has serious concerns regarding crypto. Meanwhile, the Indian government is reportedly making additional changes to the […]

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Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law

DIGIT — Sun, 21 Mar 2021 01:30:09 +0000

Thailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. Thailand Bans Baht-Pegged Stablecoin The Bank of Thailand, the country’s central bank, issued a press release Wednesday declaring a stablecoin called […]

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Russian Ministry Slams Bill to Ban Crypto — Experts Warn Easy to Bypass, Creates Black Market

DIGIT — Thu, 11 Jun 2020 19:05:47 +0000

Russia’s Ministry of Economic Development has informed parliament of its disapproval of the bill to ban cryptocurrency. Experts say a ban will be ineffective as people can use technology to bypass it, leading to the creation of an “uncontrolled black market.” Russian Ministry Criticizes Bill to Ban Crypto The Russian Ministry of Economic Development has […]

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