Category: Cryptocurrencies

Doing What You Want With Your Money Is a Fundamental Right

Doing What You Want With Your Money Is a Fundamental RightSince the birth of Bitcoin, crusaders fighting for the separation of money and state discovered a new payment tool that bypasses the nation state’s control over the monetary system. For over ten years now, lots of people have been using digital currencies to hide from prying eyes of governments in order to free themselves from […]

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Indian Supreme Court Orders RBI to Answer Crypto Exchanges, New Date Set

Indian Supreme Court Orders RBI to Answer Crypto Exchanges, New Date SetAfter hearing the arguments against the banking restriction by the Reserve Bank of India (RBI) in detail, the Indian supreme court directed the central bank to reply to the representations filed by crypto exchanges. Since the RBI has not adequately answered them, the court set a new date to resume hearing the case. Also read: […]

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‘Amazon of Japan’ Rakuten Launches Crypto Exchange Service

'Amazon of Japan' Rakuten Launches Crypto Exchange Service, Others Following SuitRakuten, the “Amazon of Japan,” announced the launch of its new crypto exchange platform Monday, August 19, offering spot trading of crypto assets via a dedicated smartphone app. The e-commerce giant has been crypto-friendly for a while now, experimenting and investing in crypto payment systems since at least 2014, but with the launch of the […]

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Philippines Increasingly Crypto Friendly – A Look at Driving Forces

Philippines Growing More Crypto Friendly - A Look at Driving ForcesThere are many reasons why the Philippines is becoming increasingly crypto-friendly. Not only has its central bank registered more crypto exchanges recently, but the Securities and Exchange Commission has also been actively finalizing crypto guidelines. The country has an active crypto community, and one of its largest banks has engaged in multiple crypto projects. Also […]

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Hong Kong Protest Leader Hopes to Incite Run on Chinese Banks

Hong Kong Protest Leader Hopes to Incite Run on Chinese BanksThe 11th week of protesting in Hong Kong has passed as the world has witnessed massive sit-ins at the national airport and demonstrations across several locations citywide. The 2019 anti-extradition bill protests have affected Hong Kong’s local economy, investors have dumped on the benchmark Hang Seng index, and now pro-independence activist, Chen Haotian, has called […]

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Ron Paul Slams Fednow Payment System and Encourages Crypto Competition

Ron Paul Slams 'Fednow' Payment System, Encourages Crypto Competition InsteadRon Paul, the muckraking former congressman from Texas, is stirring things up once again, this time taking aim at the new real-time digital payment system proposed last week by the U.S. Federal Reserve. Presented as an innovative solution by government and media voices, the cryptosphere received the news of the Fednow program with little more […]

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Central Banks Worldwide Testing Their Own Digital Currencies

Central Banks Worldwide Testing Their Own Digital CurrenciesCentral banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden. India has also included the digital rupee in the country’s draft cryptocurrency bill. Also […]

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RBI’s Power Over Crypto Challenged at Length in Indian Supreme Court Today

RBI’s Power Over Crypto Challenged at Length in Supreme Court TodayThe Indian supreme court resumed hearing the writ petitions against the banking restriction by the central bank, the Reserve Bank of India (RBI), on Wednesday. Many issues were discussed, ranging from the legality of the RBI action to the classification of crypto assets and how each country regulates them. Also read: India to Introduce Crypto […]

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EU Members Adopt Tougher Crypto Rules Than AML Directive Requires

EU Members Adopt Tougher Crypto Rules Than AML Directive RequiresEurope is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member states to transpose EU’s Fifth Anti-Money Laundering Directive (AMLD5) […]

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Crypto Regulations Are Changing Worldwide to Comply With FATF Standards

Crypto Regulations Are Changing Worldwide to Comply With FATF StandardsGovernments worldwide are changing the way they regulate crypto assets to comply with the global cryptocurrency standards set by the Financial Action Task Force (FATF). Some are amending existing laws, while others are creating a new system to cooperate and share data. Also read: China Publishes New Rankings of 37 Crypto Projects A New Crypto […]

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India Plans to Introduce Crypto Bill Next Parliament Session – A Look at Community Responses

India to Introduce Crypto Bill Next Parliament Session - A Look at Community ResponsesThe Indian government has submitted a draft crypto bill to the supreme court and expressed its intention to introduce the bill in the next parliament session. The court subsequently set a new date to hear the case relating to crypto regulation. Meanwhile, the Indian crypto community has ramped up efforts to influence the government’s final […]

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US Exchanges Race to Launch Regulated Physically-Delivered Bitcoin Futures

US Exchanges Race to Launch Regulated Physically-Delivered Bitcoin FuturesThe race to launch regulated physically-delivered bitcoin futures is back on for three US-regulated trading platforms after one of them hit a snag with the country’s derivatives regulator, the Commodity Futures Trading Commission. Two other exchanges are racing to launch similar products this year. Also read: SEC Commissioner: US Could Draw Crypto Policy From These […]

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Indian Supreme Court Heard Crypto Case in Depth Today

Indian Supreme Court Heard Crypto Case in Depth TodayThe Indian supreme court finally heard the crypto case today after postponing it several times. The court addressed the government’s crypto policy as well as the writ petitions challenging the banking restriction by the central bank. The latter was heard in some detail while the former was further delayed at the request of the government. […]

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Indian Tax Authority Sends Probing Questions to Crypto Owners – Experts Weigh In

Indian Tax Authority Sends Probing Questions to Crypto Owners - Experts Weigh InAs the Indian government deliberates on the country’s crypto policy, the tax authority continues to send out letters with lengthy, probing questions to crypto owners. News.Bitcoin.com talked to industry experts to find out the implications of these letters, what people can do when receiving them, and how crypto assets are taxed in India. Also read: […]

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More Cities and Regions Accepting Coins for Taxes, Services

More Cities and Regions Accepting Coins for Taxes, ServicesCryptocurrency payments, as convenient as they can be, are still something most governments are trying to wrap their heads around and regulate. Local authorities, however, being closer to the citizens they are called upon to serve, are often quicker to adopt novelties that make their lives and the lives of ordinary people much easier. More […]

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SEC Commissioner: US Could Draw Crypto Policy From These Countries

SEC Commissioner: US Could Draw Crypto Policy From These CountriesThe U.S. Securities and Exchange Commission (SEC) could learn from other countries when finalizing its own crypto regulation, Commissioner Hester Peirce explains. While highlighting peculiar and notable features of the U.S. system, the commissioner emphasizes cross-border considerations, detailing applicable crypto frameworks of several countries. Also read: G20 Leaders Issue Declaration on Crypto Assets – A […]

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Indian Government Updates Parliament on Crypto Plans

Indian Government Updates Parliament on Crypto PlansThe Indian parliament has repeatedly asked the finance minister about the government’s plans for cryptocurrency. In July alone, the Ministry of Finance answered three sets of questions: two in Rajya Sabha, the upper house, and one in Lok Sabha, the lower house of the parliament. Also read: Indian Finance Minister Addresses Crypto Proposal – Industry […]

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Indian Finance Minister Addresses Crypto Proposal – Industry Responds

Indian Finance Minister Addresses Crypto Proposal - Industry RespondsIndia’s finance minister has broken silence and talked about the crypto draft bill and report her department is examining which propose to ban cryptocurrencies. While she views the report as “very futuristic and well-thought-out,” the crypto industry sees it as flawed and incomplete. Also read: Calls Intensify for Indian Government to Regulate Cryptocurrency Finance Minister […]

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China Publishes New Rankings of 37 Crypto Projects

China Publishes New Rankings of 37 Crypto ProjectsChina’s Center for Information and Industry Development has published its latest crypto rankings. Thirty-seven projects have been evaluated and ranked overall as well as in three separate categories. Some favorites have changed and two projects have been added to the previous list of projects ranked. Also read: G20 Leaders Issue Declaration on Crypto Assets – […]

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Calls Intensify for Indian Government to Regulate Cryptocurrency

Calls Intensify for Indian Government to Regulate CryptocurrencySince the Indian government unveiled a draft bill to ban cryptocurrency, the crypto community has ramped up its efforts to influence the government’s final decision. The community has plans to reach out to parliament members to show them how flawed the crypto recommendations the government is examining are. Also read: G20 Leaders Issue Declaration on […]

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Large Regulated Token Sales Indicate ICOs May Be Coming Back

Large Regulated Token Sales Indicate ICOs May Be Coming BackInitial coin offerings have seen a significant decline in popularity, but they are not to be written off completely. Although you don’t hear the term “ICO” so often nowadays, some recent regulatory developments indicate they have a place in the digital economy realm. Crowdfunding through token sales has a chance of becoming a mainstream instrument […]

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Indian Government Official Resigns After Drafting ‘Flawed’ Crypto Bill

Indian Government Official Resigns After Drafting 'Flawed' Crypto BillThe Indian government official who headed the committee which drafted the bill to ban cryptocurrencies has resigned after releasing the report and draft bill which the crypto community calls “flawed.” Meanwhile, the government has confirmed that cryptocurrency is currently not prohibited in the country and the recommendations are being examined by relevant authorities. Also read: […]

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The Next Big Financial Meltdown Is Around the Corner, Many Voices Warn

The Next Big Financial Meltdown Is Around the Corner, Many Voices Warn“The economy is looking great,” how many times have they told you that? And why do you usually hear it when you are late on a mortgage payment or during a downsizing purge at your company? Relying on your senses is always a safer bet than trusting the wishful thinking of those who invested political […]

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Indian Supreme Court Sets New Date to Hear Crypto Case

Indian Supreme Court Sets New Date to Hear Crypto CaseThe Indian supreme court has set a new date to hear the crypto case that was originally scheduled to be heard on July 23. The court is expected to address the writ petitions against the RBI banking restriction as well as the government’s report and the recently released draft crypto bill. Also read: Indian Government […]

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