CategoryRegulation

India's Biggest Bank Plots Scary Debit Card Kill-Switch Similar to Crypto Ban

SBI, Crypto, Bitcoin, ATM

By CCN Markets: India's largest bank, the State Bank of India (SBI), has announced an initiative yesterday in which the state-owned financial institution seeks to eliminate debit cards to promote digital transactions. In light of the SBI's ambitious project, it has now become clearer that India's last month plans to ban all crypto assets is total nonsense. 'Let's digitize payments, but we should...

Ripple CEO Tells Congress to Avoid XRP From Facebook Libra Smear

Brad Garlinghouse, Ripple, XRP

Ripple CEO, Brad Garlinghouse, and its executive chairman, Chris Larsen, posted an open letter to congress on Sunday asking authorities not to paint their company with a “broad brush”. The executive duo paid careful attention to emphasize that while bad actors exist in the cryptocurrency space, many are, in fact, doing their bit to stay compliant: “Many in the blockchain and digital currency...

India's Crypto Dial Leaned Regulation Before Central Bank's 'Ban' Shove

Crypto, India

India – that has proposed a total ban on crypto yesterday – had planned to regulate digital currencies at first but the Reserve Bank of India (RBI) has forced the inter-ministerial cryptocurrency committee to prohibit the digital assets. Regulation was the initial goal According to a report by Business Standard, Economic Affairs Secretary and head of the inter-ministerial committee on...

Stock Futures Slump As DOJ Beefs Up Its Big Tech Antitrust Probe

dow lower

The stock market enjoyed a powerful rally Tuesday on renewed hopes of a trade deal between China and the United States. But that optimism gave way to a fresh round of selling after the stock market closed. That's because, as the Wall Street Journal reported, the Justice Department is opening a broad antitrust inquiry into the big tech companies. Big tech under pressure after hours with the DOJ...

Newsflash: Indian Regulators Officially Propose Total Cryptocurrency Ban

India, bitcoin, crypto

An Indian inter-ministerial committee on cryptocurrency and blockchain technology has finalized a report recommending both the establishment of a digital Rupee and a ban of cryptocurrencies. Ban Crypto, Establish E-Rupee The roughly 200-page report spends thousands of words breaking down and praising the potential uses of blockchain technology, specifically in areas like land management...

Institutional Crypto Investors Flag Regulation a 'Risk and Reward' for Bitcoin

crypto, bitcoin

Binance has published a report today, in which the crypto exchange revealed the market insights of its largest institutional and VIP clients. As a result, the participants of the research believe regulation is both a big risk and a key growth driver for the crypto industry. Regulation and ETFs > Libra and JPM Coin In its Q2 2019 report named "Institutional Market Insights", Binance has asked...

Japan Bootstraps Regulated SWIFT-Like Global Crypto Payments Network

Japan, Crypto

Japan is set to further its pioneering spirit when it comes to cryptocurrency. The Japanese government is currently developing an international cryptocurrency payments network similar to the SWIFT network currently used by banks, Reuters reports. Japan Leads Crypto Into the Mainstream The Japanese plan is ostensibly designed to counter money laundering fears digital currencies have given rise to...

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