Category: Regulation

Indian Prime Minister Modi Awards Young Entrepreneur for Cryptocurrency App

Indian Prime Minister Modi Awards Young Entrepreneur for Cryptocurrency AppIndia’s Prime Minister Narendra Modi has awarded a young entrepreneur for her cryptocurrency price tracking application while the government is still deliberating on the country’s crypto policies. News.Bitcoin.com caught up with the award recipient to find out more about her app. Meanwhile, the Reserve Bank of India (RBI) is being challenged in the supreme court […]

The post Indian Prime Minister Modi Awards Young Entrepreneur for Cryptocurrency App appeared first on Bitcoin News.

Continue Reading

Iran Issues More Than 1,000 Cryptocurrency Mining Licenses

Iran Has Issued More Than 1,000 Licenses for Cryptocurrency MiningThe Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces […]

The post Iran Issues More Than 1,000 Cryptocurrency Mining Licenses appeared first on Bitcoin News.

Continue Reading

Indian Supreme Court Warms Up to Crypto – RBI’s Arguments Not Convincing

Indian Supreme Court Warms Up to Crypto - RBI's Arguments Not ConvincingIndia’s supreme court heard the crypto case on Thursday, starting with the arguments by the counsel for the Reserve Bank of India (RBI). After pointing out that the RBI ban only hurts crypto businesses but does not stop crypto trading, the court explained that “being an honest contributor to the blockchain is more profitable than […]

The post Indian Supreme Court Warms Up to Crypto – RBI’s Arguments Not Convincing appeared first on Bitcoin News.

Continue Reading

Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies

Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital CurrenciesIn this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail fund, Thailand approving a new crypto exchange, and new crypto guidelines […]

The post Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies appeared first on Bitcoin News.

Continue Reading

Crypto vs RBI: Exchange Counsel and RBI Take Center Stage at Supreme Court Today

India’s supreme court spent all day on Wednesday hearing extensive arguments from both the counsel representing crypto exchanges and the central bank, the Reserve Bank of India (RBI). The counsel for the central bank confirmed again that cryptocurrency is not banned in India, but still justifies the banking restrictions on the crypto industry. Also read: […]

The post Crypto vs RBI: Exchange Counsel and RBI Take Center Stage at Supreme Court Today appeared first on Bitcoin News.

Continue Reading

Vodafone Becomes 8th Company to Exit Libra Association

Vodafone Becomes 8th Company to Exit Libra AssociationAfter a spate of big names parting ways with the Libra Association late last year such as Paypal, Visa, Mastercard, and Ebay, British telecommunications giant Vodafone has become the latest to bid the ambitious digital asset project farewell. While Vodafone’s statement notes it does not rule out the possibility of working with Libra in the […]

The post Vodafone Becomes 8th Company to Exit Libra Association appeared first on Bitcoin News.

Continue Reading

Uzbekistan Prepares Crypto Tax Exemptions, Launches Licensed Exchange

Uzbekistan Prepares Crypto Tax Exemptions, Launches Licensed ExchangeA new presidential decree in Uzbekistan envisages the introduction of tax exemptions for income obtained from operations involving crypto assets. The draft document published recently also incorporates proposals for the establishment of a blockchain valley and licensing regime for cryptocurrency miners. The country has just launched its first licensed crypto exchange. Also read: Uzbekistan to […]

The post Uzbekistan Prepares Crypto Tax Exemptions, Launches Licensed Exchange appeared first on Bitcoin News.

Continue Reading

UK Tax Agency to Pay $100K for Blockchain Surveillance Software

UK Tax Agency to Pay $100k for Blockchain Surveillance SoftwareOn January 17, the UK tax agency Her Majesty’s Revenue and Customs (HMRC) published a job opportunity for a private contractor to design a cryptocurrency blockchain analysis tool. According to the listing, the contract is for one year and HMRC will pay the contractor $100,000 for software that can “identify and cluster crypto asset transactions.” […]

The post UK Tax Agency to Pay $100K for Blockchain Surveillance Software appeared first on Bitcoin News.

Continue Reading

RBI Confirms Crypto Not Banned in India

RBI Confirms Crypto Not Banned in IndiaThe Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in the entities it regulates, such […]

The post RBI Confirms Crypto Not Banned in India appeared first on Bitcoin News.

Continue Reading

Lawsuit Against Ripple May Decide the Fate of XRP but Regulators Have the Final Say

Lawsuit Against Ripple May Decide the Fate of XRP but Regulators Have the Final SayA prolonged legal battle, which may hold the key to XRP’s future, has been extended again. The class action lawsuit alleges that Ripple issued and sold the coin, one of the largest by market cap, as an unregistered security. The decision on the defendant’s motion to dismiss the lawsuit has been postponed. But even a […]

The post Lawsuit Against Ripple May Decide the Fate of XRP but Regulators Have the Final Say appeared first on Bitcoin News.

Continue Reading

Cypherpunk Bitstream Hosts Share Importance of Payments, Dropgangs, and ‘Meatspace’ Allies

Cypherpunk Bitstream Hosts Share Importance of Payments, Dropgangs, and 'Meatspace' AlliesThe Cypherpunk Bitstream podcast is a relatively new program that’s just released its fourth episode. The hosts, known as Frank Braun and The Real Smuggler, are so-called ‘privacy extremists’ and dyed-in-the-wool crypto-anarchists concerned with exposing cypherpunk ethos to a wider audience. Braun and Smuggler took time out recently to discuss their journeys to crypto-anarchy, the […]

The post Cypherpunk Bitstream Hosts Share Importance of Payments, Dropgangs, and ‘Meatspace’ Allies appeared first on Bitcoin News.

Continue Reading

New Bill in Oklahoma Proposes Depository for Cryptocurrencies Used by Government

New Bill in Oklahoma Proposes Depository for Cryptocurrencies Used by GovernmentA bill has been introduced in the U.S. state of Oklahoma to establish a new type of state-chartered financial institution that will be “the central depository for virtual currency used by governmental agencies in this state.” The new establishment aims to provide financial and technical services to crypto innovators and developers. Also read: Regulatory Roundup: […]

The post New Bill in Oklahoma Proposes Depository for Cryptocurrencies Used by Government appeared first on Bitcoin News.

Continue Reading

Malaysia Announces Digital Asset Guidelines

Malaysia Publishes Digital Asset GuidelinesThe Securities Commission Malaysia has published the country’s guidelines on digital assets which set out the regulatory framework for token sales. All token offerings must now be carried out only through platforms approved by the commission. The guidelines also detail the obligations of approved platforms as well as the requirements token issuers must meet. Also […]

The post Malaysia Announces Digital Asset Guidelines appeared first on Bitcoin News.

Continue Reading

Crypto Experts Join OECD ‘High Level’ Advisory Board

Crypto Experts Join OECD 'High Level' Advisory BoardThe Organisation for Economic Cooperation and Development, an intergovernmental body with 36 member countries, has formed “a high-level expert group” which includes executives from the crypto industry. They will provide advice in helping develop international blockchain policy principles. Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia ‘High-Level Expert Group’ Formed […]

The post Crypto Experts Join OECD ‘High Level’ Advisory Board appeared first on Bitcoin News.

Continue Reading

New Guidelines Subject Canadian Crypto Exchanges to Securities Laws

New Regulatory Guidance Subjects Crypto Exchanges in Canada to Securities LawsCanadian regulators have issued new guidance determining when current securities legislation applies to operations conducted by cryptocurrency exchanges. According to the clarifications in the document, many domestic and foreign entities serving Canadian users, for example those that provide custodial services, will have to abide by the country’s securities laws and act like securities dealers. Also […]

The post New Guidelines Subject Canadian Crypto Exchanges to Securities Laws appeared first on Bitcoin News.

Continue Reading

FATF Holds Global Forum to Discuss Crypto Supervision

FATF Holds Global Forum to Discuss Crypto SupervisionThe Financial Action Task Force (FATF) and over 50 delegations involved in crypto supervision recently gathered to discuss how to regulate crypto assets and related service providers. While examining three key areas, they stressed the importance of international cooperation, citing that cryptocurrencies are global products. Also read: Regulation Roundup: EU-Wide Crypto Regulations, New Rules in […]

The post FATF Holds Global Forum to Discuss Crypto Supervision appeared first on Bitcoin News.

Continue Reading

Crypto vs RBI: 3 Days of Intense Supreme Court Hearings

Crypto vs RBI: 3 Days of Intense Supreme Court HearingsIndia’s supreme court heard the crypto case in detail over three consecutive days this week. In addition to intense arguments against the central bank having the power to ban crypto, the judges learned how other countries regulate this new sector, the amended EU directive, the FATF guidance, and less invasive crypto measures. Also read: Regulatory […]

The post Crypto vs RBI: 3 Days of Intense Supreme Court Hearings appeared first on Bitcoin News.

Continue Reading

By continuing to use the site, you agree to the use of cookies. more

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close