Right-wing Indian group calls for stricter crypto regulations
The leader of the conservative Hindu group has called for proper policing of the crypto space along with other stricter measures targeted at the digital space. Mohan Bhagwat, the head of the Rashtriya Swayamsevak Sangh, or RSS — a right-wing Hindu nationalist society — has urged India’s government to pursue crypto regulations “in the larger interest of society.”According to Asian News International, the RSS chief made these remarks during his speech marking the celebration of the Hindu festive Dussehra.Despite numerous reports of looming crypto bans, the narrative from government sources....
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Notably, the cryptocurrency industry expanded its boundaries in India in recent years. But unfortunately, cybercriminals and crypto fraudsters also ramped up their efforts to loot investors’ hard-earned money in this sector. As a result, it put the law-enforcement forces on their toes and led government authorities to stricter regulations. Similarly, the Indian police force in […]
Hindu nationalist group Rashtriya Swayamsevak Sangh (RSS) has called on the Indian government to regulate cryptocurrencies. “The government has to ensure that it is regulated in the larger interest of the society,” the group reportedly said. Rashtriya Swayamsevak Sangh Calls for Crypto Regulation Mohan Bhagwat, head of the Rashtriya Swayamsevak Sangh (RSS), said during his speech at an annual event marking the Hindu festival of Dussehra Friday: Clandestine, uncontrolled currency like bitcoin has the potential to destabilize the economy of all countries and pose serious....
The government of Estonia has approved legislation tailored to improve oversight of its crypto sector which expanded rapidly due to favorable regulations and business climate. The new law, which is yet to be adopted, will introduce stricter requirements for service providers without preventing their clients from owning or exchanging cryptocurrencies.
Authorities in Tallinn Draft Stricter Rules for Crypto Service Providers
The executive power in Estonia has prepared and approved draft legislation designed “to more effectively regulate virtual asset service providers....
The new EU proposal for amending existing AML and CFT regulation may increase pressure on Bitcoin platforms. The European Union has renewed calls for stricter cryptocurrency regulations. Europe is one of the most prolific markets for cryptocurrencies and cryptocurrency technology-based products and services. The proposal for the amendment of existing Directive (EU) 2015/849 believes that Bitcoin exchanges, due to lack of strict controls may become a potential route for money transfer among terrorist groups and organizations. In order to prevent misuse of virtual currency platforms, the EU....
The Confederation of Indian Industries has proposed new regulations around the nascent crypto market. The Confederation of Indian Industries (CII), a non-government trade association and advocacy group, has proposed to treat cryptocurrencies as securities of a special class. The trade association released a report titled “Cryptocurrencies, Crypto Tokens/Assets & Regulations: The Way Forward” where it advocates for regulating the crypto market instead of outlawing it, reported Business Line. The report highlighted substantial technological innovation that the core technology of blockchain....