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India’s Cabinet Note Indicates No Crypto Ban — Government Will Regulate Crypto Assets: Report

India’s Cabinet Note Indicates No Crypto Ban — Government Will Regulate Crypto Assets: ReportIndia is no longer planning to ban cryptocurrency, a cabinet note circulated by the government reportedly indicates. Activities relating to crypto assets will be regulated by the Securities and Exchange Board of India (SEBI). Crypto Will Not Be Banned in India, Cabinet Note Indicates Despite reports of the Indian government planning to ban cryptocurrencies, NDTV […]

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Indian Finance Minister Reveals Crypto Bill Had to Be Reworked Before Submitting to Cabinet

Indian Finance Minister Reveals Crypto Bill Had to Be Reworked Before Submitting to CabinetIndia’s finance minister, Nirmala Sitharaman, has revealed that the previous version of the cryptocurrency bill the government is pushing needed to be reworked. “This bill, once the Cabinet clears, will come into the House,” the finance minister told Rajya Sabha, the upper house of India’s parliament. Indian Government Pushing New Crypto Bill Finance Minister Nirmala […]

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India Plans to ‘Fast Track’ New Cryptocurrency Bill, Seeks to Take ‘Middle Path’ to Regulate Crypto: Report

India Plans to ‘Fast Track’ New Cryptocurrency Bill, Seeks to Take ‘Middle Path’ to Regulate Crypto: ReportThe Indian government is reportedly trying to “fast track” a modified cryptocurrency bill to be introduced in the winter session of parliament. India’s crypto legislation is expected to take a “middle path” approach to balance all stakeholders’ concerns. India Reportedly Modifying Crypto Bill to Introduce at the Start of Winter Session of Parliament India is […]

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US Senators Introduce Bill Requiring Treasury to Report on Cryptocurrencies and Their Use Globally

US Senators Introduce Bill Requiring Treasury to Report on Cryptocurrencies and Their Use GloballyTwo U.S. senators have introduced a bipartisan bill aimed at improving the oversight of cryptocurrency. The bill requires the Treasury Secretary to submit a report to Congress on cryptocurrencies and their competitiveness globally, including how other countries are using and mining them as well as their impacts on supply chains. New Bill Introduced to Improve […]

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India’s Central Bank RBI Still Has ‘Serious Concerns’ About Cryptocurrency

India’s Central Bank RBI Still Has ‘Serious Concerns’ About CryptocurrencyThe governor of the Reserve Bank of India (RBI), Shaktikanta Das, has once again expressed concerns regarding the impact of cryptocurrencies on India’s financial stability. Crypto Presents ‘Serious Concerns’ to RBI The Indian government is currently awaiting the Cabinet to take up the crypto bill. However, the country’s central bank, the Reserve Bank of India […]

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Indian Government Clarifies Status of Cryptocurrency Trading, Regulation, Investor Protection

Indian Government Clarifies Status of Cryptocurrency Trading, Regulation, Investor ProtectionIndia’s Ministry of Finance has answered some questions regarding the status of cryptocurrency trading in the country as well as crypto regulation and investor protection. The minister of state for the finance ministry has indicated that the recommendations in the draft bill proposed by the interministerial committee are still being considered. Indian Government Answers Crypto […]

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US Lawmaker Introduces Legislation to Regulate Crypto Assets and Protect Investors

US Lawmaker Introduces Legislation to Regulate Crypto Assets and Protect InvestorsA U.S. congressman has introduced the Digital Asset Market Structure and Investor Protection Act. The legislation would “provide the Securities and Exchange Commission (SEC) with authority over digital asset securities and the Commodity Futures Trading Commission (CFTC) with authority over digital assets.” Digital Asset Market Structure and Investor Protection Act U.S. Representative Don Beyer introduced […]

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Indian Bank Blocks Use of RBI’s Remittance System for Crypto While Government Delays Bill

Indian Bank Blocks Use of RBI’s Remittance System for Crypto While Government Delays BillMajor Indian bank ICICI has asked customers not to use the Reserve Bank of India (RBI)’s liberalised remittance scheme (LRS) for any crypto-related investments. ICICI, a leading private sector bank in India, has updated its retail outward remittance application to include cryptocurrency. With this update, the bank has asked its customers to declare under India’s […]

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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 […]

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US House Passes Bill Mandating SEC and CFTC to Establish Working Group Focused on Digital Assets

US House Passes Bill Mandating SEC and CFTC to Establish Working Group Focused on Digital AssetsThe U.S. House of Representatives has passed a crypto-related bill introduced by pro-bitcoin Congressman Patrick McHenry. It requires the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to establish a working group focused on digital assets. Bill to ‘Ensure Collaboration Between Regulators and Private Sector’ on Cryptocurrency The U.S. House of […]

Ethereum Believers May Be Staring Down Opportunity As ETH Reaches Another Low Against Bitcoin: CryptoQuant CEO