Indian Regulator Gets Rid Of Its Only Crypto Exchange Body – Bane Or Boon?
In the past, there was only one Indian regulator that campaigned for crypto and represented the sector before the people of India. Today, that very entity will no longer exist. Authorities in India are set to disband the Blockchain and Crypto Assets Council, a move seen as a blow to the digital currency industry. In […]
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Tether became an official currency in Myanmar’s shadow government in the middle of December of last year. The country’s ruling junta proposed a cryptocurrency ban as a way to combat this. Even though crypto payments are difficult to track, the ban was arguably less effective than it could have been. According to a State Administration […]
There are reports that the Indian government may impose restrictions on self-custodial cryptocurrency wallets and only allow Indian crypto exchanges. The CEO of a major cryptocurrency exchange in India has shared his thoughts on the possible restrictions. The Indian government has listed a cryptocurrency bill to be taken up in the current session of parliament.
Possible Restrictions in Indian Crypto Regulation
A cryptocurrency bill is waiting to be heard in the current session of parliament in India. The country’s finance minister, Nirmala Sitharaman, has confirmed that....
The Securities and Exchange Board of India (SEBI) has reportedly asked mutual fund companies not to get involved or invest in any type of crypto asset-based investments until the Indian government has come up with cryptocurrency legislation. SEBI Asks Mutual Fund Companies to Wait for Crypto Legislation The chairman of the Securities and Exchange Board of India (SEBI), Ajay Tyagi, reportedly said Tuesday that the market regulator does not want mutual fund companies to get involved or invest in any type of crypto asset-based new fund offers (NFOs) until the Indian government has come up....
Brand Me Crypto is a new initiative being sponsored by Bitcoin-friendly payment processor Vogogo and cryptocurrency exchange Cryptsy. Their website is currently accepting logo designs to "Brand Crypto." Brand Me Crypto recognizes that the mainstream media's preferred use of physical Bitcoin coins to represent not only Bitcoin, but every other cryptocurrency in existence as well, is more of a boon than a bane. The use of a picture of a physical Bitcoin to represent cryptocurrency as a whole is confusing to the average reader. As one Redditor explained months ago: Almost all of the posts out....
South African regulator the Financial Sector Conduct Authority recently issued its second crypto “health warning” after it noticed increased reports of crypto-related losses suffered “in the past three months.” In the warning, the regulator reminds investors that since cryptocurrencies are “not regulated by the authority or any other body,” there will be no legal recourse “if something goes wrong.” Unregulated Firms and Promises of High Rewards The FSCA’s second warning comes in the wake of the collapse of the Mirror Trading....