Indian crypto exchanges will now have to report any suspicious activity related to buying or selling of cryptocurrency to the Financial Intelligence Unit – India (FIU-IND). File | Photo Credit: Reuters The story so far: On March 7, to further tighten the loosely regulated crypto market, the Finance Ministry said that all virtual digital assets […]
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Representations of cryptocurrencies. File. | Photo Credit: Reuters The government has imposed money laundering provisions on cryptocurrencies or virtual assets as it looks to tighten oversight of digital assets. In a gazette notification, the Finance Ministry said the anti-money laundering legislation has been applied to crypto trading, safekeeping and related financial services. After this, Indian […]
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The crypto dilemma stems from concerns about the unregulated currency having a destabilising effect on the country. | Photo Credit: Getty Images/iStockphoto The story so far: The Investor Education and Protection Fund (IEPF) will launch an outreach programme soon to create awareness of cryptocurrencies and online gaming. The need for the outreach is based on […]
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India’s Reserve Bank Governor, Shaktikanta Das, warned the next financial crisis can be triggered by private cryptocurrencies, if allowed to grow. | Photo Credit: Reuters Pressing for the prohibition of instruments like Bitcoin, Reserve Bank Governor Shaktikanta Das on Wednesday warned that the next financial crisis can be triggered by private cryptocurrencies, if such speculative instruments […]
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How has the NFT industry dealt with the fallout of the crypto market? What are some of the issues users had with OpenSea? How has the NFT industry dealt with the fallout of the crypto market? What are some of the issues users had with OpenSea? The story so far: The writing is on the […]
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How has the adoption of Bitcoin as an official currency worked out for the Central American country? How has the adoption of Bitcoin as an official currency worked out for the Central American country? The story so far: The crash in the price of Bitcoin and other cryptocurrencies has put El Salvador’s government in trouble. […]
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Cryptocurrencies cannot satisfy basic requirements such as having store value, Chief Economic Adviser V. Anantha Nageswaran said Cryptocurrencies cannot satisfy basic requirements such as having store value, Chief Economic Adviser V. Anantha Nageswaran said Sounding a note of caution, Chief Economic Adviser V. Anantha Nageswaran said on June 9 that the cryptocurrencies have yet to […]
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Crypto spams and bots have plagued the internet, revealed a new report by crypto intelligence provider LunarCrush. For the crypto industry, Twitter is the go-to social media platform, and it is flooded with spam and bots. There has been an estimated 1,374 per cent increase in Twitter spam volume over the past two years, as […]
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European Central Bank President Christine Lagarde recently called cryptocurrencies “based on nothing” and said she is concerned about people “who have no understanding of the risks, who will lose it all and who will be terribly disappointed, which is why I believe that that should be regulated.” This comes at a time when the crypto […]
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