Blockchain & crypto news from India
The need for a CBDC appears to be growing along with regulations on crypto exchanges in the wake of the FTX collapse. A number of US banks have launched Proof of Concept pilot to create a digital currency for asset settlement. The list of institutions that are part of this pilot – the Regulated Liability…
Japan has been among the first countries to legalize and adopt cryptocurrencies. In Web3, it is quickly learning the potential use cases in both public and private sectors. The latest development is that of telecom operator NTT Docomo planning to invest in the new technology to address social issues. For this the company has signed…
The nation will host the G-20 meeting the following year, therefore it will influence the agenda. How to regulate crypto assets, according to Indian Finance Minister Nirmala Sitharaman, should be a top concern on the global stage and will be a major topic of discussion at the summit that will kick off India’s one-year presidency…
Some Argentinian holders of bitcoin and cryptocurrencies may need to revise their tax returns to accurately reflect their financial status. The AFIP is the Argentinian tax authority, and reports suggest it has found discrepancies in some IT returns, based on information gained from local cryptocurrency exchanges. The number of such letters sent is said to…
Poll results indicate that more voters want to see lawmakers treat cryptocurrency as a “serious and valid part of the economy” than as a “mechanism for fraud” and other crimes. The cryptocurrency business may be concerned about future laws and increasing restrictions, but according to a new poll issued on Wednesday, most people think lawmakers…
The UK has taken a new step towards regulating crypto assets, with the lower house of parliament adding crypto assets to the list of activities that would be regulated by the upcoming Financial Services and Markets Bill. The Bill will also issue rules to govern stable coin payments. The UK has held positive views on…
The Financial Stability Board (FSB), a worldwide financial organization affiliated with the G20, has released a paper calling for the cryptocurrency market to be regulated at the global level. According to the FSB, the cryptocurrency market is developing quickly to the point where more targeted control is required. A list of inquiries has been released…
Malaysia is building its national blockchain – the Malaysian Blockchain Infrastructure – in association with MIMOS Technology Solutions, and Zetrix, a base layer blockchain developed by MYEG. The MoU for the proposed infrastructure was signed on October 6, 2022. MBI will be used for brining Web3 solutions and services from private as well as government…
After the killing of the multi-headed Ravana this year, the multi-token cryptocurrency demon is next. The RBI has released a detailed concept note on how this is to be achieved. The pilot launch of e-rupee may happen sometime before March 31, 2022, as was declared in this year’s budget speech. The FinTech department of RBI…
In response to what it refers to as “sham” secession votes in four regions of Ukraine, the European Union has confirmed a broad ban on offering crypto services to Russians. At the same time, sanctions are being tightened. CoinDesk broke the story first last week. After the invasion of Ukraine in February, the union enacted…