Private Cryptocurrency Ban
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Sam Bankman-Fried Banned From Using VPNs, Former FTX CEO Says He Used It for Football
Former FTX CEO Sam Bankman-Fried was banned from using virtual private networks while out on bail, as a judge expressed concern that VPNs present similar risks to the FTX co-founder’s use of encrypted messaging apps. Bankman-Fried, who was charged with fraud after the cryptocurrency exchange collapsed, says he used a VPN just to watch football.
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RBI Governor Says Next Financial Crisis Will Come from Private Cryptocurrencies
RBI governor Shaktikanta Das said on Wednesday that the next financial crisis would be caused by private cryptocurrencies. He also added that digital currencies have no underlying value and pose risks for macroeconomic and financial stability, and reiterated his view that they should be banned.
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Government Has Sovereign Right to Tax Cryptocurrency; Decision on Ban to Come Later: Finance Minister
Finance Minister Nirmala Sitharaman said the government has sovereign right to tax profit made from cryptocurrency transactions, and the decision on banning or not banning will be taken based on feedback from consultations.
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Crypto Not Recognised As Legal Currency, To Be Regulated In India: 5 Points
The proposed cryptocurrency bill has suggested regulation of private cryptocurrency rather than banning it, according to a Cabinet note circulated by the government. Crypto is not recognised as legal currency in India yet, as per the note.
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All Private Cryptocurrency Will Be Regulated, Not Banned: Sources
A Cabinet note circulated by the government on the proposed cryptocurrency bill has suggested regulation of private cryptocurrency rather than banning it.
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Difficult To Ban Cryptos Outright, Says Cryptocurrency Expert
Cryptocurrencies are here to stay. Bitcoin and ETH are not scams. They are the safest way of entering the market, says Michael Terpin
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Coinstore Cryptocurrency Exchange Enters India Despite Fear of Ban on Virtual Currencies
Coinstore crypto exchange headquartered in Singapore has entered the Indian market despite concerns that the government might ban the trade of most private cryptocurrencies in the country.
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Bitcoin, Ether Recover as Investors Catch Their Breath After Crypto Ban Scare
India's latest update on a possible ban on private cryptocurrencies did not go well with investors although Bitcoin and Ether prices have recovered fairly well to levels closer to their valuation towards the beginning of the week.
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Cryptocurrency Market Nosedives Amid Reports of Indian Government Ban
The Indian government is seeking to prohibit all private cryptocurrencies from operating in the country and only bring an official digital currency regulated by the Reserve Bank of India to operate in the country.
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Bill To Ban Private Cryptocurrencies To Come Up In Winter Session
This comes a week after the first-ever Parliamentary panel discussion on the broad contours of crypto finance, where a consensus was reached that cryptocurrency can't be stopped but must be regulated.
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Chile's Central Bank to Decide on Rollout of Digital Currency in 2022
Chile's central bank will decide in early 2022 on a strategy for the potential rollout of its own digital currency, the bank's president said on Monday, as policymakers worldwide seek to keep pace with fast-spreading cryptocurrencies.
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Centre To Ban Cryptocurrency, Penalise Miners And Traders: Report
The measure is in line with a January government agenda that called for banning private virtual currencies such as bitcoin while building a framework for an official digital currency
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RBI Has 'Major Concerns' Over Cryptocurrencies, Says Governor Shaktikanta Das
The Reserve Bank of India (RBI) has "major concerns" about cryptocurrencies, Governor Shaktikanta Das said, flagging potential risks to financial stability.
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Government Will Explore Blockchain for Digital Economy, Union Minister Says About India's Own Cryptocurrency
The government will explore the use of blockchain technology for digital economy, Minister of State for Finance Anurag Singh Thakur said on Tuesday. The latest comments come just days after the government listed a bill titled “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021” that is to provide a framework for creation ...
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India Mulls Law To Ban Cryptocurrencies, Create Official Digital Currency
India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the central bank, according to a legislative agenda listed by the government.
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Sam Bankman-Fried Banned From Using VPNs, Former FTX CEO Says He Used It for Football
Former FTX CEO Sam Bankman-Fried was banned from using virtual private networks while out on bail, as a judge expressed concern that VPNs present similar risks to the FTX co-founder’s use of encrypted messaging apps. Bankman-Fried, who was charged with fraud after the cryptocurrency exchange collapsed, says he used a VPN just to watch football.
-
RBI Governor Says Next Financial Crisis Will Come from Private Cryptocurrencies
RBI governor Shaktikanta Das said on Wednesday that the next financial crisis would be caused by private cryptocurrencies. He also added that digital currencies have no underlying value and pose risks for macroeconomic and financial stability, and reiterated his view that they should be banned.
-
Government Has Sovereign Right to Tax Cryptocurrency; Decision on Ban to Come Later: Finance Minister
Finance Minister Nirmala Sitharaman said the government has sovereign right to tax profit made from cryptocurrency transactions, and the decision on banning or not banning will be taken based on feedback from consultations.
-
Crypto Not Recognised As Legal Currency, To Be Regulated In India: 5 Points
The proposed cryptocurrency bill has suggested regulation of private cryptocurrency rather than banning it, according to a Cabinet note circulated by the government. Crypto is not recognised as legal currency in India yet, as per the note.
-
All Private Cryptocurrency Will Be Regulated, Not Banned: Sources
A Cabinet note circulated by the government on the proposed cryptocurrency bill has suggested regulation of private cryptocurrency rather than banning it.
-
Difficult To Ban Cryptos Outright, Says Cryptocurrency Expert
Cryptocurrencies are here to stay. Bitcoin and ETH are not scams. They are the safest way of entering the market, says Michael Terpin
-
Coinstore Cryptocurrency Exchange Enters India Despite Fear of Ban on Virtual Currencies
Coinstore crypto exchange headquartered in Singapore has entered the Indian market despite concerns that the government might ban the trade of most private cryptocurrencies in the country.
-
Bitcoin, Ether Recover as Investors Catch Their Breath After Crypto Ban Scare
India's latest update on a possible ban on private cryptocurrencies did not go well with investors although Bitcoin and Ether prices have recovered fairly well to levels closer to their valuation towards the beginning of the week.
-
Cryptocurrency Market Nosedives Amid Reports of Indian Government Ban
The Indian government is seeking to prohibit all private cryptocurrencies from operating in the country and only bring an official digital currency regulated by the Reserve Bank of India to operate in the country.
-
Bill To Ban Private Cryptocurrencies To Come Up In Winter Session
This comes a week after the first-ever Parliamentary panel discussion on the broad contours of crypto finance, where a consensus was reached that cryptocurrency can't be stopped but must be regulated.
-
Chile's Central Bank to Decide on Rollout of Digital Currency in 2022
Chile's central bank will decide in early 2022 on a strategy for the potential rollout of its own digital currency, the bank's president said on Monday, as policymakers worldwide seek to keep pace with fast-spreading cryptocurrencies.
-
Centre To Ban Cryptocurrency, Penalise Miners And Traders: Report
The measure is in line with a January government agenda that called for banning private virtual currencies such as bitcoin while building a framework for an official digital currency
-
RBI Has 'Major Concerns' Over Cryptocurrencies, Says Governor Shaktikanta Das
The Reserve Bank of India (RBI) has "major concerns" about cryptocurrencies, Governor Shaktikanta Das said, flagging potential risks to financial stability.
-
Government Will Explore Blockchain for Digital Economy, Union Minister Says About India's Own Cryptocurrency
The government will explore the use of blockchain technology for digital economy, Minister of State for Finance Anurag Singh Thakur said on Tuesday. The latest comments come just days after the government listed a bill titled “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021” that is to provide a framework for creation ...
-
India Mulls Law To Ban Cryptocurrencies, Create Official Digital Currency
India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the central bank, according to a legislative agenda listed by the government.
