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RBI Confirms Crypto Not Banned in India


The 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...

Lithuania Central Bank: Limited Edition Digital Coin Ready for Launch


The reverse of the coin. The Bank of Lithuania, the country’s central bank, has approved a sample of the LBCoin, a token that it claims will be the world’s first blockchain-powered digital commemorative coin. The bank says the token will be issued in spring this year. The coin is made of silver...

Crypto vs RBI: 3 Days of Intense Supreme Court Hearings


India’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...

Indian Supreme Court Hears In-Depth Arguments Against RBI Ban


India’s supreme court spent all day hearing arguments against the crypto banking ban by the Reserve Bank of India (RBI) on Wednesday. The counsel for the Internet and Mobile Association of India presented extensive arguments to convince the court that the central bank acted outside...

Fed Officials Ponder Funding Hedge Funds and Private Brokers Directly


On January 13, the New York Federal Reserve gave $60.7 billion to eligible private financial institutions by leveraging U.S. Treasurys and agency securities. With all the stimulus given to financial institutions since September, it hasn’t relieved the stress of economic uncertainty. Now...

China Issues Digital Currency Guide for Party Cadres


Understanding a complex subject should be easier with access to educational materials. With blockchain and CBDC now part of Beijing’s political vocabulary, the Communist Party of China (CPC) has issued a guide to digital currencies meant to prepare party officials for upcoming changes in...

US and European Regulators Say Crypto a Priority This Year


Several regulators in the U.S. and Europe have made cryptocurrency among their top priorities this year. The Securities and Exchange Commission’s compliance office and the European Securities and Markets Authority, in collaboration with other regulators, have outlined their plans to focus...

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