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Draft of India’s National DLT Strategy Calls for State-Run Digital Rupee
28.1.2020
A draft of an Indian national blockchain strategy suggests the development of a digital rupee on a permission public blockchain
Hearing Concluded: Indian Supreme Court Deliberates on Crypto vs RBI Case
28.1.2020
The Indian supreme court has finished hearing the crypto vs. Reserve Bank of India (RBI) case. The hearing concluded on Tuesday with the counsel for the Internet and Mobile Association of India wrapping up his arguments, followed by arguments by the counsel representing crypto exchanges. The court...
Singapore Act to License Cryptocurrency Firms Comes Into Effect
28.1.2020
Starting today, Singaporean cryptocurrency firms are required to hold a license issued by a local regulator
Telegram Attacks Apple, Musk on Crypto, WEF Debrief: Hodler’s Digest, Jan 20–26
26.1.2020
In this week’s Hodler’s Digest, Telegram’s CEO attacks Apple, Elon Musk reveals what he actually thinks about crypto, and what went down at the World Economic Forum
Dubai Launching Crypto Valley in Tax-Free Zone
26.1.2020
A Dubai government authority has announced that it is launching a crypto valley in the country’s free zone there is no personal or corporate income tax. With the help of its partners from the Swiss crypto valley, Dubai will offer a variety of services such as incubation for startups...
Indian Prime Minister Modi Awards Young Entrepreneur for Cryptocurrency App
26.1.2020
India’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....
Data Shows $25 Billion Worth of Bitcoin and Ether Held by Seven Crypto Exchanges
26.1.2020
On January 3, 2020, a small group of crypto enthusiasts celebrated the second annual Proof-of-Keys day with hopes to get people to withdraw funds from centralized digital currency exchanges. However, exchanges holding massive amounts of BTC only saw their reserves grow larger and data shows that...
Leading Swiss Stock Exchange Offers 12 Crypto Exchange-Traded Products With One That Shorts Bitcoin
25.1.2020
Switzerland’s principal stock exchange, SIX Swiss Exchange, now has 12 cryptocurrency exchange-traded products listed. The latest addition, the 21shares Short Bitcoin, allows investors to profit from falling prices of the digital currency. Other listed crypto products include those that track...
Iran Issues More Than 1,000 Cryptocurrency Mining Licenses
25.1.2020
The 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 —...
WEF Unveils Global Governance Consortium for Digital Currencies
24.1.2020
The WEF has unveiled a new consortium devoted to designing a global governance framework for digital currencies
Panic Withdrawals at Indian Bank Over Alarming KYC Notice
24.1.2020
Hundreds of customers went on a withdrawal spree after an Indian bank announced its revised KYC requirements. The bank’s action followed the decision by the Reserve Bank of India (RBI) to include the National Population Register letter as a valid KYC document for opening bank accounts....
Japanese Officials Are Working on a Digital Currency
24.1.2020
In an unexpected turn of events, Japanese lawmakers are set to propose a digital yen
Paypal Pullout Prompts Pornhub to Add Tether as Payment Option for Its Adult Models
24.1.2020
The porn industry is seen by many as a perfect fit for widespread cryptocurrency usage as it suffers from financial censorship far more than most businesses. When Paypal stopped servicing Pornhub models, the company hinted it might turn to digital currency as an alternative and now this has been...
MIT Research Group Calls Crypto a Testing Ground for a Central Bank Digital Asset
23.1.2020
The crypto space is a test tube of experimentation which may pave the way for a digital fiat asset, MIT’s crypto research group said
Facebook’s Libra Pushed World to Reconsider USD as Global Reserve Currency: WEF
23.1.2020
Global officials and economists at the WEF voice the fact that Facebook’s Libra pushed the world to start reconsidering the U.S. dollar as anchor currency
Facebook and Calibra’s David Marcus: The Problem of Global Unbanked Is “Unacceptable”
23.1.2020
Calibra’s David Marcus explained at WEF what is the primary purpose of digital currencies
Indian Supreme Court Warms Up to Crypto – RBI’s Arguments Not Convincing
23.1.2020
India’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...
World Economic Forum Debuts Framework for Central Bank Digital Currency
23.1.2020
The World Economic Forum together with major central banks and financial institutions has released a toolkit for policymakers regarding central bank digital currencies
Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies
23.1.2020
In 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...
Davos: Giancarlo’s Digital Dollar Project Will Focus on Benefits of a US CBDC
22.1.2020
Ex-CFTC chairman J. Christopher Giancarlo confirms in Davos that the Digital Dollar project will focus on a U.S. central bank digital currency