• The libra logo on a cellphone sitting on some coins. What else do you need to see? (via Shutterstock)
    Asia & Australia,  Libra

    Facebook’s Libra has an uphill battle in Asia

    India in particular will be a vital market, but cryptocurrencies are on the verge of being outlawed

    The headwind Facebook’s Libra cryptocurrency is facing seems to be getting stronger in Asia, as regulators in China, Korea, and India all expressed serious concerns about the stablecoin.

  • world map
    Asia & Australia,  Europe,  Regulation

    As the US dithers on regulating cryptocurrencies, other regions move forward

    Support for blockchain technology is stronger both in the US and abroad

    Cryptocurrency and blockchain enthusiasts were excited about the ​announcement​ this week that President Donald Trump plans to name Office of Management and Budget Director Mick Mulvaney, a longtime supporter of cryptocurrencies and blockchain technology, as his interim White House chief of staff before the end of the year. As a congressman, Mulvaney was a co-founder of the ​Congressional Blockchain Caucus​. When it comes to actually embracing cryptocurrencies, the U.S. has been generally skeptical. As a recent opinion piece in the ​Harvard Business Review​ by law firm Jones Day blockchain initiative leaders Stephen J. Obie and Mark W. Rasmussen noted: ​“Without clear regulations, cryptocurrency innovation in the United States is being stifled.…

  • 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…