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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Representational file image. | Photo Credit: Reuters A coordinated approach to regulating crypto assets, managing debt vulnerabilities and reorienting global financial institutions have been identified as critical focus areas of the Finance Track agenda for India’s G-20 Presidency, which will kick-off with the first meeting of G-20 Finance and Central Bank Deputies in Bengaluru on […]
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Not long after dropping out of college to pursue a career in cryptocurrencies, Ben Weintraub woke up to some bad news. Weintraub and two classmates from the University of Chicago had spent the past few months working on a software platform called Beanstalk, which offered a stablecoin, a type of cryptocurrency with a fixed value […]
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Despite the regulatory uncertainty in times of a bear market, Johnny Lyu, CEO of cryptocurrency exchange KuCoin, is betting big on India. “India is a key market for KuCoin. We witnessed about 5.6 million new users in the first half of 2022, up to 659 per cent growth, and a big amount of these new […]
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Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under groundbreaking new rules agreed by the bloc to tame a volatile “Wild West” market. Globally, crypto assets are largely unregulated, with national operators in the EU only required to show controls for combating money laundering.Representatives […]
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