CRYPTO TRADING BAN
Grey zone in Indian payment laws: Crypto goes shopping in rupee using QR-linked loophole
Unified payments interface is now being used for buying cryptocurrencies through applications like goat.cash. Consumers can conveniently convert their cryptocurrencies, such as USD Coins, to pay vendors for goods. This involves scanning QR codes and entering necessary details, which facilitates quick transactions. Intermediaries help complete the process by converting USDC to rupees for vendors. Additionally, stable coins often trade at a premium within the Indian market.
Democrats target Trump's 'tentacles of corruption' as new Congress prepares sweeping investigations
Democrats are preparing sweeping congressional investigations into Donald Trump, his family and administration after winning control of both chambers in the midterm elections. Potential targets include Trump family businesses, cryptocurrency dealings, ICE operations and the Epstein investigation, as party leaders seek to link alleged corruption to Americans' cost-of-living concerns.
Zcash soars 3,000%: Why Bitcoin billionaires are betting on the privacy coin
Zcash has surged about 3,000% over the past year, attracting investment from the Winklevoss twins and Barry Silbert. Their mining operations and ETF plans are expanding as renewed interest in crypto privacy brings fresh attention to the token, alongside security and regulatory concerns.
Anti-betting law fails. A lesson for crypto?
India’s online betting ban has failed to eliminate illegal gambling, with offshore networks continuing operations despite strict laws. The article contrasts this with cryptocurrency, where authorities have largely avoided comprehensive regulation. Both approaches expose gaps between technology and governance.
US stocks: Crypto shares climb after Trump advocates for Clarity Act
Cryptocurrency stocks experienced a significant uptick following President Trump's appeal to Congress for digital asset legislation. He emphasized the need for a refined version of the Clarity Act, aiming to delineate digital assets as either securities or commodities for better regulatory oversight. Major cryptocurrencies like Bitcoin and Ether responded positively, and the crypto exchange Coinbase also saw a rise. Many industry experts agree this legislation is vital for regulatory clarity.
UK to end ban on retail investors buying crypto exchange-traded notes
Britain in April published draft laws for bringing cryptocurrencies under compulsory regulation for the first time, aligning it with the United States' approach, rather than the European Union, which has built rules tailored to the industry. To be sold to individual consumers, the ETNs will need to be traded on an FCA-approved investment exchange, the regulator said.
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China debates how to handle criminal crypto cache
Money involved in crypto-related crimes surged 10-fold to 430.7 billion yuan ($59 billion) in 2023, according to blockchain security firm SAFEIS. Last year, China sued 3,032 people involved in crypto-related money laundering, according to the country's top procurator.
Honduras watchdog bans institutions from trading crypto
The resolution bans institutions under its supervision to "maintain, invest, intermediate or trade in cyptocurrencies, crypto-assets, virtual currencies, tokens, or any similar virtual assets not issued or authorized by the central bank."
Nigerian central bank lifts ban on crypto trading
The Central Bank of Nigeria (CBN) in February 2021 barred banks and financial institutions from dealing in or facilitating transactions in crypto assets, citing money laundering and terrorism financing risks.
Nigerian central bank lifts ban on crypto trading
The Central Bank of Nigeria (CBN) in Feb. 2021 barred banks and financial institutions from dealing in or facilitating transactions in crypto assets, citing money laundering and terrorism financing risks.
Banks seek formal NPCI note on crypto UPI curbs
The banks, some of which are shareholders of NPCI, raised the issue at a recent meeting after the payments body expressed its reservations a few weeks ago on the fund flows through UPI for crypto trades, two persons aware of the discussions in the meeting said.
IMF asks El Salvador to drop bitcoin, more countries clamp down
The International Monetary Fund (IMF) has urged El Salvador to drop bitcoin as a legal tender, citing risks to the nation's financial stability and consumer protection, joining a growing chorus of countries clamping down on private digital currencies.
Fear, uncertainty, doubt now grip new cryptocurrency investors
Crypto exchanges onboarded the largest number of investors this calendar year. So, there is a big chunk of young, inexperienced, and worried small investors who haven't experienced such times of FUD.
Full ban or limited nod? India confronts a cryptocurrency Catch-22
Several finance ministry officials, the RBI, tax departments and investigating agencies including the Financial Intelligence Unit (FIU) have raised concerns around how in its current form cryptocurrencies are a "systemic risk" not just to the security but even the Indian economy.
Crypto trade among bourses may be banned
The legislation would also give New Delhi powers to monitor an exchange’s ledger for foreign exchange transfers.
Powell's remark boosts crypto mart; what should be your approach now?
The crypto community welcomed Powell's comment, which came as a big sigh of relief for the industry. They expect the development by the world's largest economy will neutralise the impact of China’s negative decision.
Cryptocurrency exchanges rush to cut ties with Chinese users after fresh crackdown
Shares in crypto-related firms tumbled on Monday with crypto asset manager and trading firm Huobi Tech plunging 23% and OKG Technology Holdings Ltd, a fintech company majority owned by Xu Mingxing, the founder of cryptoexchange OKcoin, losing 12%.
Cryptocurrency exchanges rush to cut ties with Chinese users after fresh crackdown
Huobi Global and Binance, two of the world's largest exchanges and popular with Chinese users, have stopped new registrations of accounts by mainland customers. Huobi also said it would clean up existing ones by the end of the year.
What's new in China's crackdown on crypto?
While China has been putting in place increasingly stricter rules on virtual currencies, it has now made all activities related to them illegal and sent a signal of intent they plan to get even tougher on enforcing the rules.
Exclusive: India may set up new panel to study crypto regulations
The new committee’s ambit could be to explore the use of blockchain for technological enhancement and suggest ways to regulate crypto as digital assets instead of a currency.
Bitcoin tumbles after Turkey bans crypto payments citing risks
Bitcoin was down 4.6 per cent at $60,333 at 1117 GMT after the ban, which was criticised by Turkey's main opposition party. Smaller coins ethereum and XRP, which tend to move in tandem with bitcoin, fell between 6 per cent-12 per cent.
Why reports of a looming ban drive more people towards crypto
Many people want to get in on the action quickly as any ban would make them harder to obtain.
Cryptocurrency in India: Don’t bite it, make it legit
The tussle between sovereigns and crypto communities will play out over the next few decades, and intensify as crises strike, governments run of ideas and mismanage economies, and central banks appear less and less powerful.
Crypto investors may switch to peer-to-peer transfer in case of ban
Exchanges reach out to government, claim ban will trigger a spurt in illegal activities
Crypto-killing law may give trade 3-month notice
Investor fears deepen on uncertainty over nature and extent of likely ban; may lead to selloff in India
Cryptos back in currency. But are they smart investments?
According to several crypto-exchange owners, the rush of retail investors (HNIs and small retail) started after the Supreme Court lifted the central bank-imposed ban on crypto exchanges operating in the country.
Check crypto trade, ban won’t help
It would be a pity to slam the door on innovation & technology spinoffs.
Can India really ban bitcoin? Is it possible at all to do so?
If you read the RBI circular, they have never used the words "ban" pertaining to bitcoins.
Can India really ban bitcoin? Is it possible at all to do so?
If you read the RBI circular, they have never used the words "ban" pertaining to bitcoins.
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