A crypto bill that industry advocates previously said would “kill DeFi” has seen an updated draft released online with one commentator saying the U.S. is “finally getting their act together.”
Powered by WPeMatico
]]>
It’s reported the bills’ definition will cover “endogenously collateralized stablecoins,” which depend on the value of an attached cryptocurrency from the same creator for it to maintain a stable price.
Powered by WPeMatico
]]>
A 19-year old Ukrainian politician disclosed all the property he owns during an anti-corruption procedure, mandatory for all public officials in Ukraine, who revealed that he holds millions of dollars worth of monero (XMR). 19-Year-Old Ukrainian Politician Discloses Its Monero Holdings Rostislav Solod, a newly appointed member of the city council in Kramatorsk, Ukraine, declared […]
The post Newly Appointed Ukrainian Politician Declares Owning Over $24 Million in Monero appeared first on Bitcoin News.
Powered by WPeMatico
]]>
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 […]
The post Indian Prime Minister Modi Awards Young Entrepreneur for Cryptocurrency App appeared first on Bitcoin News.
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 […]
The post Indian Supreme Court Warms Up to Crypto – RBI’s Arguments Not Convincing appeared first on Bitcoin News.
Powered by WPeMatico
]]>
India’s supreme court spent all day on Wednesday hearing extensive arguments from both the counsel representing crypto exchanges and the central bank, the Reserve Bank of India (RBI). The counsel for the central bank confirmed again that cryptocurrency is not banned in India, but still justifies the banking restrictions on the crypto industry. Also read: […]
The post Crypto vs RBI: Exchange Counsel and RBI Take Center Stage at Supreme Court Today appeared first on Bitcoin News.
Powered by WPeMatico
]]>
The Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in the entities it regulates, such […]
The post RBI Confirms Crypto Not Banned in India appeared first on Bitcoin News.
Powered by WPeMatico
]]>
The Indian crypto community has had an eventful year, with a bill on the horizon, the RBI ban’s supreme court hearing, and the community’s efforts toward positive crypto regulation. News.Bitcoin.com interviewed Nischal Shetty, CEO of local crypto exchange Wazirx, about what the Indian crypto industry could expect in the year 2020 and a wide range […]
The post Wazirx CEO on 2020 Outlook, RBI Ban, Crypto Regulation for India appeared first on Bitcoin News.
Powered by WPeMatico
]]>
As the Indian government deliberates on the country’s crypto policy, there has been some confusion in media reports regarding crypto regulation in India. A group of local crypto enthusiasts and community members have gathered in an effort to ensure that the crypto situation in India is accurately portrayed. Also read: Indian Lawmaker Says ‘Cryptocurrency Is […]
The post Indian Crypto Community Gathers to Dispel Confusion About Regulation appeared first on Bitcoin News.
Powered by WPeMatico
]]>
At an IMF and World Bank meeting, Indian Finance Minister Nirmala Sitharaman talked about cryptocurrency and stablecoins when asked about Facebook’s Libra digital currency project. RBI Governor Shaktikanta Das also addressed the subject at the conference. Also read: Indian Supreme Court Postpones Crypto Case to November, New Date Confirmed Finance Minister Talks Crypto At the […]
The post Indian Finance Minister Answers Crypto Questions at IMF Meeting appeared first on Bitcoin News.
Powered by WPeMatico
]]>