Financial authorities across Southeast Asia are embracing blockchain technology and digital currencies as a way of helping the poor get better access to banking services that can help lift them out of poverty, as well as speeding and improving interbank payments and cross-border settlements.
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Two things the Reserve Bank of India says shouldn't go together: crypto and rupees (via Shutterstock)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…