India: Supreme Court Decision on Central Bank Crypto Dealings Ban Moved to September
India’s Supreme Court will hold the final arguments regarding the RBI directive against crypto hearings in September Go to Source Powered by WPeMatico
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Indian Supreme Court Heard Crypto Petitions Today But RBI Ban Stays
India’s Supreme Court heard the petitions against the crypto banking ban by the Reserve Bank of India (RBI) today. After hearing some arguments from both sides, the court decided to set another hearing date, allowing some of the regulators involved to respond to the petitions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Supreme … Read more
US Congress Hearing: Central Bank Digital Currency ‘One of the Worst Financial Ideas’
A U.S. Congressional hearing witness said the idea of a central bank digital currency is one of the “worst financial ideas of recent times” Go to Source Powered by WPeMatico
Hong Kong Monetary Authority to Launch Multi-Bank Blockchain Trade Finance Platform
Hong Kong’s de facto central bank hopes blockchain tech will improve trade finance cost-effectiveness, speed and security Go to Source Powered by WPeMatico
Indian Central Bank Justifies Its Crypto Stance – Outlines Key Areas of Concern
The Reserve Bank of India has justified its crypto banking ban to an industry group which has been trying to convince the central bank to ease crypto restrictions. In response, the central bank outlines key areas of concern and upholds its stance on crypto. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space RBI’s Main … Read more
Special Unit Formed to Investigate Crypto Cases in India
A special investigations unit has been set up in the Indian state of Maharashtra where there is a rise in bitcoin-related scams. The unit will take over the investigation of all cases relating to cryptocurrency in the state that are currently handled by various police departments. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space … Read more
Harmless for now, Dangerous in the Future: Here’s What EU Researchers Think of Cryptocurrencies
European Parliament asked academics to share their insight on cryptos, and they advised ECB to stay cautious, although stressed that VCs won’t pose any serious risk in the near future Go to Source Powered by WPeMatico
Chinese Yuan Now Accounts for Less Than 1% of Bitcoin Trades, Says PBoC Report
Report: China’s central bank says the yuan now accounts for less than 1% of global Bitcoin trades, down from over 90% prior to the country’s crypto Go to Source Powered by WPeMatico
Bitcoin Trading in Chinese Currency Drops Below 1% of World Total
Bitcoin trading in renminbi (RMB) has dropped to less than 1 percent of the global total, the central bank of China announced. The People’s Republic banned yuan-crypto trade last year, prompting the exodus of hundreds of Chinese crypto businesses, including some of the world’s leading trading platforms. Also read: Crypto Exchange Binance Expects up … Read more
Indian Police Seek to Sell Crypto and Bypass RBI Ban
Indian police are reportedly facing a challenge of how to liquidate cryptocurrencies they seized since the country’s central bank, the Reserve Bank of India (RBI), has banned banks from providing services to crypto exchanges. The RBI ban is now in effect and a growing number of crypto exchanges have already announced they will no longer … Read more
