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Cryptocurrency exchange CoinDCX hacked: The crypto exchange’s co-founders have assured users their wallets are safe, but it’s wise for investors to know the rights that they can exercise in India.
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The remarks come at a time when the US administration led by President Donald Trump is moving rapidly to formalise crypto regulations
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The first draft of the discussion paper, expected to be out in July, will likely outline the technological benefits of certain cryptos such as stablecoins, without taking a stand on regulation, given the RBI's resistance to this asset class
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Citing a lack of clarity on how major economies are regulating crypto assets, government officials have remained cautious of declaring cryptocurrencies as legal tender, instead choosing to wait and see how other countries are moving forward.
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The CPI rose 0.2% in February after surging 0.5% in the previous month. For the 12 months through February, consumer prices in the US were up 2.8%, lower than January's 3%
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Bitcoin and other tokens fell as Sacks said that taxpayer money would not be spent to acquire cryptocurrencies for either.
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The review, which follows crypto-friendly policy announcements by US President Donald Trump, could further delay publication of a discussion paper on cryptocurrencies that was due for release in September 2024.
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Reserve Bank's Governor Shaktikanta Das had echoed similar views earlier this year
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If you're exploring the best options for long-term crypto investments, it’s essential to research projects that demonstrate strong fundamentals, innovative technologies, and real-world utility.
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The rationale behind the discussion paper is to seek comments and views from relevant stakeholders on the ideas outlined in it. This paper will also contain suggestions on the remit of regulations for cryptocurrencies in India, added Economic Affairs Secretary Ajay Seth.
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The selling in bitcoin is in contrast to the record run on global equities, especially in US and Japan.
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In the 2024 Budget, the Narendra Modi government has an opportunity to bring clarity on the Indian government’s thinking on regulation of virtual assets. Will that happen this time?
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Several exchange-traded funds (ETFs) tied to the spot price of bitcoin began trading in the U.S. on Thursday in a landmark moment for the cryptocurrency industry that has been seeking regulatory approval for the financial product for over a decade. The green light by the U.S. Securities and Exchange Commission finally came late on Wednesday following months-long talks with top asset managers such as BlackRock (BLK.N), Ark Investments/21Shares, Fidelity, Invesco (IVZ.N) and VanEck. Catch Manisha Gupta with more details
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The crypto exchange was charged with operating an unlicensed money transmitter business, conspiring, and breaching sanction regulations, among others.
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The G20 declaration further added that they continue to closely monitor the risks of the fast-paced developments in the cryptoasset ecosystem
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PayPal will "temporarily pause" the ability for customers to buy crypto on its platform from Oct. 1 as it works to satisfy the new regulations, which come into effect on Oct. 8, it said in an email to customers on Tuesday.
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Other than this, Shankar also highlighted that stablecoins pegged to other currencies in the emerging market economies post several threats.
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The startup asked its users to withdraw funds at the earliest. This comes eight months after the startup raised $18 million in a Series A round.
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With global artificial intelligence startups catching the fancy of investors lately, Web3 has struggled to gain traction and the impact was more pronounced in India.
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LSD or lysergic acid diethylamide is a synthetic chemical based-drug and is categorised as a hallucinogen.
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The US Securities and Exchange Commission has been on a quest to crack down on digital currencies, more so after the fall of crypto exchange FTX.
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As people become more educated, they will want some of these assets and will ask their governments to allow them to use it in a safe and regulated manner, says Binance CTO Rohit Wad
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Industry players, however, are not convinced of the bear market ending anytime soon.
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The study was a collaboration between the Bank of Israel, Norges Bank, Sveriges Riksbank and the BIS Innovation Hub Nordic Centre.
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Union Budget 2023: Crypto industry players were expecting updates on the possible reduction in 1 percent TDS and regulations; now hopeful that India’s G20 presidency will lead to a solution.
