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Category: cryptocurrency bill
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RBI Governor Says Government and Central Bank Agree on Cryptocurrency Approach
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Indian Finance Minister Answers Questions on Cryptocurrency Plans and Ban Proposal
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Indian Government Prepares to Fast Track Crypto Bill — Plans to Introduce Cryptocurrency Law in a Month: Report
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Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures
In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South Korea, India, and Russia. Also read: Bitcoin Legal in India — Exchanges Resume INR […]
The post Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures appeared first on Bitcoin News.
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US State Wants to Legally Seize Unclaimed Cryptocurrencies Left at Custodians
The U.S. state of Illinois has advanced a bill to consider unclaimed cryptocurrencies at custodians abandoned after five years. The coins will then be liquidated and the proceeds remitted to the State Treasurer. The cryptocurrency owners will have no recourse against the custodians or the state. Also read: US Lawmaker Introduces Crypto-Currency Act of 2020 […]
The post US State Wants to Legally Seize Unclaimed Cryptocurrencies Left at Custodians appeared first on Bitcoin News.
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Some Indian Banks Ignore Supreme Court Verdict on Cryptocurrency, RBI Urged to Rectify
Despite 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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US Lawmaker Introduces Crypto-Currency Act of 2020 While Under Coronavirus Quarantine
A U.S. congressman from Arizona has introduced the Cryptocurrency Act of 2020 while under coronavirus quarantine. The bill clarifies which federal agencies regulate which type of crypto assets. “It’s crucial that America remains the global leader in cryptocurrency,” the lawmaker said. Also read: Bitcoin Legal in India — Exchanges Resume INR Banking Service After Supreme […]
The post US Lawmaker Introduces Crypto-Currency Act of 2020 While Under Coronavirus Quarantine appeared first on Bitcoin News.
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