Indian Govt. Panel Could Propose Illegalizing Holding of Unregulated Crypto Assets: Report

It could soon be illegal in the world’s largest democracy to hold cryptocurrencies that lack the government’s seal of approval. According to Moneycontrol, a report which is being prepared by a committee headed by India’s Economic Affairs Secretary, Subhash Chandra Garg, may propose amendments to the existing laws with a view of making it illegal

The post Indian Govt. Panel Could Propose Illegalizing Holding of Unregulated Crypto Assets: Report appeared first on CCN

Maldives’ Central Bank Denies Issuing Permits for Crypto Transactions

The central bank of the Maldives has warned citizens to be wary of advertisements appearing on social media platforms relating to the trading of cryptocurrencies. In a press release, the Maldives Monetary Authority (MMA) cautioned members of the public against transacting in cryptocurrencies pointing out that it was the only agency responsible for licensing money

The post Maldives’ Central Bank Denies Issuing Permits for Crypto Transactions appeared first on CCN

Bitcoin is Not a Legal Tender in Zambia, Says Central Bank

Zambia’s central bank has said that cryptocurrencies like bitcoin aren’t legal tender in the country. The Bank of Zambia (BoZ), responsible for creating and implementing monetary policies for the world’s 105th largest economy, explained their stance against the use of cryptocurrencies in contrast to the growing public interests in the field. The central bank admitted

The post Bitcoin is Not a Legal Tender in Zambia, Says Central Bank appeared first on CCN

Crypto Funds Gets Greenlight from Swiss Financial Markets Regulator

Crypto fundIn a move that clearly shows the government’s resolve to encourage investments in cryptocurrencies, Switzerland’s financial markets regulator has opened the floodgates for institutional participation in cryptocurrencies. Zug-based Crypto Finance AG subsidiary Crypto Fund AG becomes the first company to get the green light from the Swiss Financial Market Supervisory Authority (FINMA) to offer a wide

The post Crypto Funds Gets Greenlight from Swiss Financial Markets Regulator appeared first on CCN

CNBC Analyst Predicts Bitcoin Price Is ‘About To Explode,’ Citing ETF Buzz

Bitcoin priceCryptocurrency analyst Ran Neuner — host of the CNBC show Crypto Trader — believes BTC prices are “about to explode,” citing bullish market buzz about the near-term possibility of an SEC-approved bitcoin ETF. “I just bought bitcoin for my parents. It’s too obvious that it’s about to explode,” Neuner tweeted on October 7. Neuner said the mounting

The post CNBC Analyst Predicts Bitcoin Price Is ‘About To Explode,’ Citing ETF Buzz appeared first on CCN

Hacked Bitcoin Exchange Zaif Discontinues New Registrations

Tech Bureau Inc., the owner of Zaif exchange, decided to suspend new account registrations at their trading platform temporarily. The decision came on September 28, 14 days after a hacking incident took place at Zaif and caused the crypto exchange more than $60 million worth of damages. Tech Bureau said in its press statement that

The post Hacked Bitcoin Exchange Zaif Discontinues New Registrations appeared first on CCN

Wyoming Eyes Creation of Blockchain-Friendly Bank to Lure Bitcoin Startups

With regulations being one of the main reasons why traditional commercial banks give bitcoin a wide berth, state senators and representatives in Wyoming are eyeing a legislative fix to the problem. Wyoming Blockchain Group Mulls Bitcoin-Friendly Bank Legislators in the “Equality State” are currently considering drafting legislation that would allow the creation of a cryptocurrency

The post Wyoming Eyes Creation of Blockchain-Friendly Bank to Lure Bitcoin Startups appeared first on CCN

Opinion: Is India’s Central Bank Nervous About Supreme Court Allowing Crypto Trading?

The Reserve Bank of India (RBI), the central bank of the country, has told the supreme court that the institution’s decision to prohibit crypto trading should not be challenged by local businesses. In an affidavit filed with the supreme court of India, RBI stated: “The impugned circular and the impugned statement neither violate the right

The post Opinion: Is India’s Central Bank Nervous About Supreme Court Allowing Crypto Trading? appeared first on CCN

Interview: Former Huobi US Compliance Chief Talks NY Cryptocurrency Exchange Report

Harry Zhou, former general counsel and compliance officer for Huobi US, spoke with CCN about the latest report from New York’s attorney general on cryptocurrency exchanges. Zhou helped set up the legal framework in New York for cryptocurrency exchanges, namely the application and regulations for the BitLicense. He represented Huobi for comments on the BitLicense proposal

The post Interview: Former Huobi US Compliance Chief Talks NY Cryptocurrency Exchange Report appeared first on CCN

India’s Blockchain Ecosystem Suffers as Antagonistic Government Policy Brings Exodus

The fallout from India’s regulatory position on cryptocurrencies is leading to an exit of talent, businesses and investment from the country’s blockchain space on a scale paralleled only by a prior wave of tech industry flight during the internet boom of the late 90s and early noughties. According to a recent News 18 report, a substantial

The post India’s Blockchain Ecosystem Suffers as Antagonistic Government Policy Brings Exodus appeared first on CCN