Blockchain & crypto news from India
The Loper Bright vs. Raimondo decision by the United States Supreme Court has the potential to have a far-reaching impact on the cryptocurrency industry. At its core, this decision could lead to a shift in the power dynamics between the judicial and executive branches of the US government. In a 6–3 decision, US courts are…
The Financial Services and Regulatory Committee (AFSA) of Kazakhstan has given its approval for the trading of Toncoin (TON) on regulated exchanges. This decision comes after an audit that confirmed the digital asset’s compliance with the financial regulator’s listing criteria. Toncoin has been added to the list of 107 cryptocurrencies approved by the government of…
The governments of Germany and the United States have become the focus of public attention following their recent actions involving cryptocurrency holdings. Specifically, the German government has conducted substantial transfers involving Bitcoin, while the U.S. government has initiated the movement of Ether from funds that were seized. These actions have sparked interest and scrutiny within…
The Financial Unit of India (FIU) recently imposed a fine of approximately $2.2 million (18.82 crore INR) on Binance. Binance, the world’s biggest cryptocurrency exchange was fined for providing its services to its Indian clients without adhering to the nation’s anti-money laundering rules, India’s anti-money laundering unit said in an announcement on Thursday. Binance functions…
The Orissa High Court recently declared that Cryptocurrency dealings are not illegal under the Indian law. The decision was taken by the High Court after a case accusing individuals of committing fraud by conducting a Ponzi scheme came to light. Justice Sasikanta Mishra clarified that cryptocurrency is not considered as money under the Prize Chits…
The U.S. Securities and Exchange Commission has invited public feedback on what counts as an ”exchange” in the light of DeFi crypto platforms performing similar trades as a stock exchange. The SEC considers decentralized platforms as similar to an exchange, and thus aims to extend its regulatory framework to DeFi services. There are several ways…
Consistency and adherence to best practices depend on the work of international standard-setting organizations. One of the most intriguing technological advancements of our day, blockchain is revolutionizing a wide range of goods and services. The blockchain market could be valued $1.4 trillion by 2030 and increase the world’s gross domestic product by $1.76 trillion. The…
According to Lisa Braganca, a former enforcement branch chief at the U.S. Securities and Exchange Commission, the failure of FTX may prompt more calls for regulation on Capitol Hill, but she is skeptical that Congress will take any action. During an appearance on CoinDesk’s “First Mover” program on Wednesday, Braganca stated, “I have serious doubts…
The nation will host the G-20 meeting the following year, therefore it will influence the agenda. How to regulate crypto assets, according to Indian Finance Minister Nirmala Sitharaman, should be a top concern on the global stage and will be a major topic of discussion at the summit that will kick off India’s one-year presidency…
Expectations are high in the crypto world after the appointment of Rishi Sunak as the new Prime Minister of the UK, who is seen as ‘crypto-friendly’. The Coin Telegraph described the event as a ‘victory for crypto’. The reasons for these epithets can be seen in some of the latest acts and views of Rishi…