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US Crypto Regulations Between a Rock and a Hard Place

US Crypto Regulations Between a Rock and a Hard Place

In the midst of the delay for the approval of Bitcoin exchange-traded fund (ETF) applications after several rejections, and current uncertainty regarding regulatory framework, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce provided insights into the matter as an opportunity for better industry development. Last week, Heister made comments on the issues of state regulation at the University of …


India Seeks External Advice on Crypto Regulation

India Seeks External Advice on Crypto Regulation

A Right to Information (RTI) report has revealed that the Indian government is seeking outside legal help in order to finalize its long-awaited cryptocurrency regulations. The Indian government is still under pressure over the cryptocurrency debate. As time moves on, it is becoming hard to see how the government will be able to hold back the inevitable tidal wave of …


India Worried Crypto Could Destabilize Rupee

India Worried Crypto Could Destabilize Rupee (1)

A report by Quartz India suggests that the Indian government is concerned about the effect cryptocurrency may have on its national currency. According to the article, a high-level panel working on a cryptocurrency regulatory framework has observed that a less-explored area for crypto use does exist and possesses as much risk as with the already established concerns of money laundering …


Banks in India Push for Blockchain in Lending

Banks in India Push for Blockchain Use in Lending Business

Some major Banks in India are reportedly combining resources to harness blockchain technology in the lending business to cater to micro, medium and small scale enterprise (MSMEs) for transparency and reliability of credit data structures. As reported by the Economic Times, a band of 11 banks to include Standard Chartered Bank, ICICI Bank, HDFC Kotak Mahindra Bank, and South Indian Bank …


Indian Bank Closes Influencer’s Account for Making Crypto-Related Transactions

Indian

Indian online bank Digibank has closed down accounts of several people suspected of crypto trading, including that of popular local crypto influencer Indian CryptoGirl, who Tweeted the news. After India's Kotak Mahindra Bank, Digibank also starts sending anticrypto notices "We observed transactions for in cryptocurrencies, hence we are putting a credit freeze in your account. You will not be able to deposit …


India May Legalize Crypto but with Strict Conditions

India

The Indian government may be planning to legalize cryptocurrencies in the country albeit with strict conditions. A government committee has been formed and is reported to have held meetings twice to discuss the issue. It is expected that a comprehensive report will be submitted to the Ministry of Finance by February 2019, reports The New Indian Express. However, it appears …


Accenture: India Needs New Skills for 4th Industrial Revolution

India Needs New Skills for 4th Industrial Revolution

An Accenture report has highlighted that India must improve its skills pool over the next few years to keep abreast of its push to promote the adoption of emerging technologies. The ‘Fueling India’s skill (r)evolution’ report warns that if the current skills gap can’t be bridged, this could result in the loss of as much as USD 1.97 trillion in …


IG of Police in India Wary About Crypto Investments

IG of Police in India Wary About Crypto Investments

The news outlet Business Standard reported yesterday that Jammu and Kashmir police in India have issued a public warning with regard to investing in cryptocurrencies, noting the associated heightened risks. The Inspector General of the police crime branch issued the warning in a statement saying: “The general public is informed not to make any type of investment in cryptocurrencies, virtual …


India Could Be in the Drivers Seat If Legislation Activates Its Huge Bitcoin Potential

First Large-Scale Crypto Jacking Strike in India Targets Conglomerate

The Indian government is under pressure over the cryptocurrency debate. As time moves on, it is becoming hard to see how the government will be able to hold back the inevitable tidal wave of some 2.5 million bitcoin users with its current, rather tired, stance on liberalizing cryptocurrency use amongst the 1.3 billion population. This week, again, questions were thrown …


Reserve Bank of India Pulls Back From Central Bank Issued Crypto

Reserve Bank of India Pulls Back From Central Bank Issued Crypto

A news report today by the Hindu BusinessLine revealed that the Reserve Bank of India has shelved its plan to issue a central bank digital currency. Plans to issue a central bank digital currency was first declared in April of last year. The initial plans may have been driven by the burden of current rising costs in printing paper fiat …


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