Panic Withdrawals at Indian Bank Over Alarming KYC Notice

Panic Withdrawals at Indian Bank Over Alarming KYC NoticeHundreds of customers went on a withdrawal spree after an Indian bank announced its revised KYC requirements. The bank’s action followed the decision by the Reserve Bank of India (RBI) to include the National Population Register letter as a valid KYC document for opening bank accounts. Customers are worried their funds could be frozen. Also […]

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Indian Supreme Court Warms Up to Crypto – RBI’s Arguments Not Convincing

Indian Supreme Court Warms Up to Crypto - RBI's Arguments Not ConvincingIndia’s supreme court heard the crypto case on Thursday, starting with the arguments by the counsel for the Reserve Bank of India (RBI). After pointing out that the RBI ban only hurts crypto businesses but does not stop crypto trading, the court explained that “being an honest contributor to the blockchain is more profitable than […]

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Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies

Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital CurrenciesIn this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail fund, Thailand approving a new crypto exchange, and new crypto guidelines […]

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Bank of England Continues its CBDC Research

Themerkle_Bank of England BlockchainCentral bank digital currencies are  a topic of massive debate. Several governments see merit in this concept, whereas others will try to steer away from it. Bank of England officials are still pro-CBDC, even though that has been different not that long ago. More Banks Show an Interest in CBDC Research With the Brexit now looming ahead, the time for experimentation is just around the corner. If Britain were to adopt a digital currency, it would certainly shake things up significantly. Prior to this happening, however, the Bank of England will meet up with like-minded financial institutions.  Those include the

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