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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
In an unexpected turn of events, Japanese lawmakers are set to propose a digital yen Go to Source Powered by WPeMatico
The crypto space is a test tube of experimentation which may pave the way for a digital fiat asset, MIT’s crypto research group said Go to Source Powered by WPeMatico
Global officials and economists at the WEF voice the fact that Facebook’s Libra pushed the world to start reconsidering the U.S. dollar as anchor currency Go to Source Powered by WPeMatico
Calibra’s David Marcus explained at WEF what is the primary purpose of digital currencies Go to Source Powered by WPeMatico
India’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 … Read more
The World Economic Forum together with major central banks and financial institutions has released a toolkit for policymakers regarding central bank digital currencies Go to Source Powered by WPeMatico
In 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 … Read more
Central 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 … Read more
Ex-CFTC chairman J. Christopher Giancarlo confirms in Davos that the Digital Dollar project will focus on a U.S. central bank digital currency Go to Source Powered by WPeMatico
