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India Lists Cryptocurrency Bill to Be Taken up Parliament — Crypto Legislation Expected Before Year-End

India Lists Cryptocurrency Bill to Be Taken up Parliament — Crypto Legislation Expected Before Year-EndThe government of India has listed a cryptocurrency bill to be taken up in the upcoming session of parliament that starts next week. The bill seeks to prohibit cryptocurrencies with some exceptions. It will also create a facilitative framework for a digital rupee to be issued by the Reserve Bank of India (RBI). Indian Government […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Apple Co-Founder Steve Wozniak Warns Governments Will Never Allow Crypto to Be Out of Their Control

Apple Co-Founder Steve Wozniak Warns Governments Will Never Allow Crypto to Be Out of Their ControlApple co-founder Steve Wozniak sees bitcoin as mathematical purity, praising its fixed supply. However, he said that governments will never allow it to be out of their control. “If it got to the point where everything is being done in crypto and didn’t pass through governments for observation and taxation and all that, governments would […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Federal Reserve Chairman Powell Says No Intention to Ban or Limit Use of Cryptocurrencies

Federal Reserve Chairman Powell Says No Intention to Ban or Limit Use of CryptocurrenciesFederal Reserve Chairman Jerome Powell confirmed during a hearing before the House Financial Services Committee that he has no intention to ban or limit the use of cryptocurrencies. He also commented on the regulation of stablecoins. Powell Says ‘No Intention to Ban’ Crypto The chairman of the Board of Governors of the Federal Reserve System, […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately

PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities ImmediatelyChina’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin and other virtual currency transactions.” PBOC Tells Banks to Stop Dealing With Crypto Exchanges and […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Dutch Official Predicts Crypto Market Crash, Says ‘the Netherlands Must Ban Bitcoin Now’

Dutch Official Predicts Crypto Market Crash, Says ‘the Netherlands Must Ban Bitcoin Now’The director of the Netherlands’ Bureau for Economic Policy Analysis, a part of the country’s Ministry of Economic Affairs and Climate Policy, has predicted “The ultimate collapse of the crypto bubble.” He urges the government to ban bitcoin and other cryptocurrencies immediately. However, the country’s finance minister disagrees that banning cryptocurrency is right for the […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Indian Government May Regulate Crypto as Asset Class: Report

Indian Government May Regulate Crypto as Asset Class: ReportIndia may be regulating crypto as an asset class under the purview of the Securities and Exchange Board of India (SEBI). In addition, a crypto bill is likely to be introduced during the Monsoon session of parliament, local media reported. Indian Government Reportedly Considers Regulating Crypto as an Asset Class The Indian government has yet […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Ark Invest CEO Says Impossible to Shut Down Bitcoin — Regulators Will Become More Friendly Over Time

Ark Invest CEO Says Impossible to Shut Down Bitcoin — Regulators Will Become More Friendly Over TimeThe CEO of Ark Investment Management (Ark Invest), Cathie Wood, says regulators cannot shut down bitcoin. She added that they will become more friendly towards cryptocurrencies over time. Wood is not the only one who thinks that governments cannot shut down bitcoin. Regulators Cannot Shut Down Bitcoin, Says Ark’s CEO Ark Invest CEO Cathie Wood […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Indian Government to Set up Panel of Experts to Take a Fresh Look at Regulating Cryptocurrencies: Report

Indian Government to Set up Panel of Experts to Take a Fresh Look at Regulating Cryptocurrencies: ReportThe Indian government is reportedly looking to form a new “panel of experts” to focus on ways to regulate the cryptocurrency industry in the country. “There is a view within the government that the recommendations made by Subhash Garg are dated and a fresh look is needed at use of cryptos rather than a total […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Turkey Drafting Crypto Regulation — Central Bank Says No Intention to Ban Cryptocurrencies

Turkey Drafting Crypto Regulation — Central Bank Says No Intention to Ban CryptocurrenciesThe Turkish government is reportedly creating a regulatory framework for cryptocurrencies after two crypto exchanges in the country abruptly halted trading and are now being investigated for fraud. The government is reportedly planning to establish a central custodian bank among other initiatives. The Turkish government is working on cryptocurrency regulation. Bloomberg reported on Tuesday that […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Quantum Fund Cofounder Jim Rogers Insists Governments Could Ban Cryptocurrencies

Quantum Fund Cofounder Jim Rogers Insists Governments Could Ban CryptocurrenciesVeteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, is still worried about governments outlawing bitcoin and other cryptocurrencies. “If cryptocurrencies become successful, most governments will outlaw them, because they don’t want to lose their monopoly,” he said. Jim Rogers Still Worried About Government Banning Bitcoin Renowned investor and George […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets