• G20
    Regulation

    G20 summit calls on more crypto regulations

    Crime, taxes, and terrorism are cited along with market regulation and consumer protection

    Plans to create an international regulatory framework for cryptocurrencies like Bitcoin moved one step closer to reality at the G20 Leaders Summit in Argentina this past weekend. The leaders of 19 of the advanced and developing nations with the world’s largest economies, plus the European Union, met to discuss economic issues ranging from the U.S.-China trade war to climate change. Founded in 1999, the G20 is a forum for member-state’s leaders and central bank governors intended to promote international financial stability. Among the issues addressed in the G20 Leaders’ declaration announced on Sunday is a commitment to regulate cryptocurrencies as part of its goal of creating “an open and resilient…

  • Bitcoin Rupees
    Asia & Australia,  Europe,  Regulation

    As India bans cryptocurrencies, Thailand, South Korea, Switzerland, and the EU embrace them

    India’s Supreme Court upholds Reserve Bank of India’s crypto ban

    India is thought of as a tech giant but there’s one technology it doesn’t like, even while other parts of the world do: crypto. India’s Supreme Court has decided to keep in place a cryptocurrency ban on regulated financial institutions announced by the country’s central bank three months ago. This basically dries up a large portion of the crypto market in the second-most populous nation in the world. On April 5, the Reserve Bank of India issued at statement saying, among other things: “In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any…