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El Salvador Bitcoin Law Making BTC Legal Tender Passes With Supermajority
9.6.2021
The bill to make bitcoin legal tender in El Salvador has been approved by a supermajority in the Salvadoran Congress. “The purpose of this law is to regulate bitcoin as unrestricted legal tender with liberating power, unlimited in any transaction, and to any title that public or private...
Beijing Is Collecting Data From Local Datacenters Involved in Cryptocurrency Mining Activities
1.5.2021
Authorities in Beijing have been conducting checks on cryptocurrency mining datacenters to assess and understand its energy consumption and thus the impact on the electric infrastructure. Although it was reported as a rumor by international media outlets, Chinese state media confirmed...
Indian Finance Minister Answers Questions on Cryptocurrency Plans and Ban Proposal
10.2.2021
India’s Finance Minister Nirmala Sitharaman has answered some questions regarding cryptocurrency in Rajya Sabha, the upper house of India’s parliament. The questions include measures the government plans to impose on the crypto industry. Finance Minister Nirmala Sitharaman Answers...
Russian Parliament Foresees a Wave of Token Issuance for 2021 in the Wake of Crypto Law Promulgation
26.12.2020
The head of the Russian parliamentary committee on financial markets and the country’s first crypto law’s author is forecasting a “surge in token issuance” for 2021 in the wake of the promulgation expected to take place in January. Russian Parliament Expects a ‘Surge...
A Pakistani Provincial Government Passes Crypto-Friendly Draft Resolution
4.12.2020
In Pakistan, a provincial government has passed a draft resolution on December 2, 2020, that demands the federal government to take steps towards legalizing both cryptocurrencies and crypto-mining activities. A Crypto-Friendly Draft Resolution Approval Sets a Precedent in Pakistan The Provincial...
Russia to Recognize Bitcoin as Property With Legal Protection
30.11.2020
The Russian prime minister has outlined the government’s plans to amend existing laws to recognize cryptocurrency as property. This means bitcoin owners will have the legal rights to defend and recoup their cryptocurrencies in court. Russia to Recognize Bitcoin as Property During...
Pakistan’s SEC Discusses Cryptocurrency Regulation, Central Bank Confirms No Crypto Ban
15.11.2020
The Securities and Exchange Commission of Pakistan has published a paper discussing cryptocurrency regulation in the country. Meanwhile, the central bank has reportedly confirmed that there is no cryptocurrency ban. Pakistan’s Crypto Regulation in the Works The Securities and Exchange...
‘Bitcoin Should Be Traded Like Stock,’ Says Begin India Think Tank Founder
7.9.2020
The founder of Begin India Think Tank says that bitcoin should be regulated as stock, which he believes is the legal status the cryptocurrency should get in India. He also believes that Bitcoin may be the most secure technology in our lifetimes. How Bitcoin Should Be Regulated in India Begin India...
Putin Signs Law Giving Cryptocurrency Legal Status in Russia
2.8.2020
Russia’s bill to regulate cryptocurrencies has been signed into law by President Vladimir Putin. The new law gives legal status to cryptocurrency but prohibits its use as a means of payment. Russian Crypto Bill Signed Into Law Russian President Vladimir Putin signed into law Friday the bill...
Will India Ban Crypto? 5 Exchange Executives Shed Light on the Truth
17.6.2020
There has been some confusion over whether India will ban cryptocurrency, including bitcoin, following recent reports of a note being circulated by the government. News.Bitcoin.com interviewed executives of five cryptocurrency exchange platforms in India to find out the truth about the news. Indian...
China Passes Law Protecting Cryptocurrency Inheritance
30.5.2020
China has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under the new law. Meanwhile, several Chinese courts have recently ruled that bitcoin and ethereum...
RBI Confirms No Ban on Cryptocurrency Exchanges, Businesses or Traders in India
26.5.2020
India’s central bank, the Reserve Bank of India (RBI), has confirmed that there is no longer any banking ban on crypto exchanges, companies, or traders. This follows the supreme court decision to quash the RBI circular prohibiting banks from providing services to any customers dealing...
Chinese Court Rules Bitcoin Is Asset Protected by Law
9.5.2020
A court in Shanghai, China, has reportedly ruled that bitcoin is an asset protected by Chinese law in a case that has dragged on for years. The case involves a theft of two different cryptocurrencies, one being bitcoin, from an American. The defendants argued that bitcoin was not recognized under...
Cryptocurrency Trading Surges in Malaysia as Lockdown Cripples Economy
30.4.2020
Cryptocurrency trading in Malaysia has surged as the country endures an extended lockdown, costing its economy an estimated $550 million a day. Regulated cryptocurrency exchanges are reporting substantial growth in trading volumes and new users as people seek “a good store of value...
Regulatory Roundup: French Court Considers Bitcoin Money, Cryptocurrencies Legitimized in South Korea, Australia, India
10.3.2020
The cryptocurrency sector worldwide saw several historic regulatory events last week. In this roundup, we cover a landmark bitcoin ruling by a French court, South Korea’s first crypto bill, an Australian court’s ruling, Germany’s announcement, and a recent FATF meeting where more...
Crypto Bulls Roadshow Coming to Over 15 Indian Cities — With Government Participation
7.3.2020
India’s Crypto Bulls Roadshow, a nonprofit initiative to prepare India for the next bull run, is coming up, and government organizations are joining the drive. Currently, 15 cities in India are planned for but more may be added based on demand. There is no fee to participate in the roadshow...
RBI to Challenge Supreme Court Verdict on Cryptocurrency
6.3.2020
The Reserve Bank of India (RBI) is reportedly seeking to file a review petition challenging the supreme court verdict which lifted its banking ban on the crypto industry. The RBI is worried that the court’s decision “could pave the way for trading in virtual currencies and put...
Bitcoin Legal in India: Exchanges Resume INR Banking Service After Supreme Court Verdict Allows Cryptocurrency
5.3.2020
Indian cryptocurrency exchanges are bringing back banking support after the Supreme Court of India struck down the banking ban on the crypto industry. News.Bitcoin.com talked to several crypto exchange executives to find out the effects of the supreme court ruling and what their exchanges plan...