Dutch Central Bank Does Not Consider Cryptocurrencies As ‘Real Money’
Cryptocurrencies are not considered as ‘real money’, says divisional director of the Dutch Central Bank Go to Source Powered by WPeMatico
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Indians Use Creative Means to Trade Bitcoin Amid RBI Ban
Indian crypto traders have found some creative ways to trade cryptocurrencies, especially bitcoin, to circumvent the crypto banking ban imposed by the country’s central bank. The Reserve Bank of India has banned financial institutions from providing services to companies dealing in cryptocurrency. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Money Finds a Way … Read more
Indian Government-Appointed Commission Recognizes Crypto as Means of Payment
The law commission established by the order of the Indian government has issued a report recognizing cryptocurrency as a means of payment. This is reportedly the first time that a body appointed by the government admitted cryptocurrencies have value and can be used in transactions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Government-Appointed Body … Read more
Iran ‘Preparing Ground’ for National Cryptocurrency to Dodge US Sanctions
Iran will likely launch a national cryptocurrency to skirt sanctions, says official Go to Source Powered by WPeMatico
FINMA Seeks to Stem Exodus of Swiss Cryptocurrency Firms
The Swiss Financial Market Supervisory Authority (FINMA) has met with representatives of the country’s banking sector in the hopes of stemming a nascent exodus among cryptocurrency companies from Switzerland. The companies’ departures have been attributed to two Swiss banks’ decisions to no longer provide financial services to businesses dealing with virtual currencies. Also Read: India Exchange … Read more
Indian Crypto Regulation Ready by September: Official
The Indian government is expected to issue detailed cryptocurrency guidelines by September, a senior official from the country’s Ministry of Finance reportedly said. Consultations with all stakeholders including the central bank have already begun. This announcement is independent of the supreme court’s hearing of petitions relating to crypto regulation in India. Also read: Yahoo! Japan Confirms … Read more
South Korea’s Crypto Regulation Shakeup: New Bureau, Agreement With China
South Korea’s top financial regulator is planning a major organizational restructuring that includes introducing some new crypto policy initiatives. A bureau dedicated to financial innovations that include cryptocurrencies is being set up. In addition, an agreement with Chinese authorities relating to crypto and initial coin offerings has also been reached. Meanwhile, the contracts between Korean … Read more
Over 500 BTC Belonging to Iranians Seized by US Government: Report
According to the head of Iran’s Blockchain Association, over 500 BTC belonging to Iranians were confiscated by the U.S. government last year, and the number is still rising. He explains that Iranians are unable to take action through proper channels from within their country due to Iran’s legal status of cryptocurrency. Also read: Yahoo! Japan Confirms … Read more
EU Parliament Study: Central Bank Digital Currencies ‘Will Reshape Competition’ in Crypto Market
A study issued by the European Parliament Committee on Economic and Monetary Affairs suggest that gov’t issued cryptocurrencies could be a “remedy” for a lack of competition policy in the crypto sector Go to Source Powered by WPeMatico
Bank of Canada Study Finds Double Spending in Blockchain is ‘Unrealistic’
A Bank of Canada study finds that a “dishonest” miner is unlikely to cheat by double spending due to a need for “deep pockets” Go to Source Powered by WPeMatico