Mahatma Gandhi Would Oppose India’s Ban on Cryptocurrency

India’s finance minister and reserve bank governor both cautioned India against embracing cryptocurrency this week. Their reasoning? It’s what authorities in other countries are telling them. But the father of modern India, Mahatma Gandhi, would oppose India’s ban on cryptocurrencies like bitcoin if he were alive today. Here are three reasons why. 1. Gandhi Envisioned […]

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SEC Chief: You’re ‘Sorely Mistaken’ if You Think Bitcoin’s All Grown Up

U.S. Securities and Exchange Chairman Jay Clayton just delivered a rebuke to cryptocurrency backers, alleging that Bitcoin is unlikely to trade on a major US exchange until it's much better regulated. Crypto's Not Ready for Prime-Time The chairman of the independent agency of the United States federal government stated in his opening speech at Delivering […]

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Dutch Central Bank’s Onerous Rules Put Crypto Players in Crosshairs

The Dutch central bank has run out of patience with the crypto space. The De Nederlandsche Bank (DNB) put certain players on notice that they have until 2020 to register. That's when they'll become subject to "integrity supervision." On Tuesday, the De Nederlandsche Bank claimed it was required to start supervising crypto-related businesses under the fifth […]

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‘We Promote Bitcoin and Love Blockchain’, says Japanese Central Banker

By CCN Markets: Japan’s central bank has reaffirmed the country’s position as one of the world’s most progressive countries with regards to Bitcoin and other cryptocurrencies. According to the Nikkei Asian Review, a senior Bank of Japan official has stated that the apex financial institution is comfortable with Bitcoin as well as the technology behind […]

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Trump Adviser Invokes 9/11 to Explain Bitcoin Threat

By CCN Markets: When Trump adviser Mike Pompeo addressed crypto regulation during a Tuesday morning interview, he claimed that he didn’t want to start a “viral moment.” However, at least one of his remarks threatens to spark some blowback from bitcoin investors. Mike Pompeo: 'Anonymous' Bitcoin Is a National Security Threat Pompeo, President Trump’s second […]

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Facebook Poaches Ex-GOP Aide to Peddle Libra to Congress

Facebook has hired a former assistant to Republican Senator Mike Crapo as a lobbyist in their broader campaign to make Libra palatable to crypto skeptics on Capitol Hill. Susan Stoner Zook stopped working as an aide to Crapo back in 2013, according to her LinkedIn profile. From there she worked in various consulting and lobbying […]

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Facebook, Libra & the Thrilling Rise of the Branded Cryptocurrency

It was hard not to feel compassion for Libra chief David Marcus, watching him deal with angry questioning in Congress two weeks ago. The level of distrust in Facebook has reached new highs - some of the Congressmen and Senators replaced questions with blunt criticism aimed at Marcus and the big blue company. Even Marcus, […]

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Pro-Bitcoin SEC Commissioner Warns Against One-Size-Fits-All Crypto Laws

Pro-bitcoin SEC Commissioner Hester Peirce says adopting a single global regulatory framework for crypto is an “unwise” approach to governing the budding industry. Peirce says continued communication among the world’s financial regulators is the key to unlocking the opaque regulatory puzzle we find ourselves in. “While I believe a single global regulatory framework would be […]

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‘You’re on Your Own’: UK Watchdog is Fear-Mongering Bitcoin Investors

Britain’s financial watchdog has warned investors that they have no regulatory protections to turn to when they buy or sell cryptocurrencies. According to the Financial Conduct Authority, the UK’s Financial Services Compensation Scheme does not cover cryptocurrencies such as Bitcoin and Ethereum. Additionally, crypto investors cannot seek the services of the UK Financial Ombudsman Service: […]

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US Senator: Even If We Wanted To, We Couldn’t Ban Bitcoin

U.S. Senator Mike Crapo (R-Idaho) admitted that it would be difficult or impossible to ban bitcoin in the United States. The Senator offered a number of positive comments on bitcoin as he chaired the Senate Committee on Banking, Housing and Urban Affairs cryptocurrency hearing yesterday. “If the United States were to decide, and I’m not […]

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