India misinterpreted private crypto ban, says crypto bill creator
India’s former finance minister Subhash Garg clarified that “it is misleading to say that private cryptocurrencies will be banned.” Go to Source Powered by WPeMatico
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India’s crypto unicorn CoinDCX has no immediate plans for IPO
CoinDCX reached a $1.1 billion valuation by raising $90 million in a Series C funding round in August. Go to Source Powered by WPeMatico
UK Law Commission affirms English and Welsh laws apply to smart contracts
“The Law Commission’s analysis demonstrates the flexibility of the common law to accommodate technological developments, particularly in the context of smart legal contracts,” said the announcement. Go to Source Powered by WPeMatico
European Council approves two digital asset proposals
A framework for digital assets in Europe is moving ahead in the labyrinth of the European Union. Go to Source Powered by WPeMatico
Finnish regulators tighten the screw on virtual currency marketing
The Finnish Financial Supervisory Authority published stricter rulings regarding crypto marketing. Go to Source Powered by WPeMatico
SEC open meeting on Dec 2 to include crypto panel discussion
The SEC is opening discussion on crypto and blockchain technology with regard to American investors. Go to Source Powered by WPeMatico
Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing
The senator said he had “significant concerns with the non-standardized terms applicable to redemption of particular stablecoins” in separate letters to eight crypto firms. Go to Source Powered by WPeMatico
ASIC Chair Longo calls the growing demand for crypto ‘impossible to ignore’
He told an audience that the rise of blockchain currencies has been “nothing short of phenomenal.” Go to Source Powered by WPeMatico
US Senator Pat Toomey supports digital dollar, nomination of Powell as Fed chair
“The idea of having a tokenized dollar that is capable of being exchanged on a peer-to-peer basis on a platform where developers can innovate and develop new products and services… I think there’s a strong case for that,” said Pat Toomey. Go to Source Powered by WPeMatico
Fed conducted ‘policy sprints’ around crypto assets to address regulatory clarity
Government agencies are planning to adjust compliance standards on existing laws and regulations related to custody services, buying and selling crypto, crypto-collateralized loans, HODLing, and the issuance of stablecoins. Go to Source Powered by WPeMatico