Draft of India’s National DLT Strategy Calls for State-Run Digital Rupee
A draft of an Indian national blockchain strategy suggests the development of a digital rupee on a permission public blockchain Go to Source Powered by WPeMatico
Digital Currency
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Hearing Concluded: Indian Supreme Court Deliberates on Crypto vs RBI Case
The Indian supreme court has finished hearing the crypto vs. Reserve Bank of India (RBI) case. The hearing concluded on Tuesday with the counsel for the Internet and Mobile Association of India wrapping up his arguments, followed by arguments by the counsel representing crypto exchanges. The court is now in deliberation. Also read: Regulatory Roundup … Read more
Singapore Act to License Cryptocurrency Firms Comes Into Effect
Starting today, Singaporean cryptocurrency firms are required to hold a license issued by a local regulator Go to Source Powered by WPeMatico
Telegram Attacks Apple, Musk on Crypto, WEF Debrief: Hodler’s Digest, Jan 20–26
In this week’s Hodler’s Digest, Telegram’s CEO attacks Apple, Elon Musk reveals what he actually thinks about crypto, and what went down at the World Economic Forum Go to Source Powered by WPeMatico
Dubai Launching Crypto Valley in Tax-Free Zone
A Dubai government authority has announced that it is launching a crypto valley in the country’s free zone there is no personal or corporate income tax. With the help of its partners from the Swiss crypto valley, Dubai will offer a variety of services such as incubation for startups, coworking facilities, blockchain training, education, events, … Read more
Indian Prime Minister Modi Awards Young Entrepreneur for Cryptocurrency App
India’s Prime Minister Narendra Modi has awarded a young entrepreneur for her cryptocurrency price tracking application while the government is still deliberating on the country’s crypto policies. News.Bitcoin.com caught up with the award recipient to find out more about her app. Meanwhile, the Reserve Bank of India (RBI) is being challenged in the supreme court … Read more
Leading Swiss Stock Exchange Offers 12 Crypto Exchange-Traded Products With One That Shorts Bitcoin
Switzerland’s principal stock exchange, SIX Swiss Exchange, now has 12 cryptocurrency exchange-traded products listed. The latest addition, the 21shares Short Bitcoin, allows investors to profit from falling prices of the digital currency. Other listed crypto products include those that track the price movements of BCH, BTC, ETH, XRP, BNB, and tezos. Also read: Regulatory Roundup … Read more
Iran Issues More Than 1,000 Cryptocurrency Mining Licenses
The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces … Read more
WEF Unveils Global Governance Consortium for Digital Currencies
The WEF has unveiled a new consortium devoted to designing a global governance framework for digital currencies Go to Source Powered by WPeMatico
Panic Withdrawals at Indian Bank Over Alarming KYC Notice
Hundreds 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 … Read more