SEC open meeting next Thursday to include cryptocurrency panel discussion

Today, SEC or the U.S Securities and Exchange Commission declared the title of the upcoming cryptocurrency panel for its December 2 Investor Advisory Meeting. The title will be ‘Helping to Ensure Investor Protection and Market Integrity in the Face of New Technologies’. Earlier, on Nov.15, the Commission declared the meeting would be open to the…

Impediment in regulation on cryptocurrencies increases lobbying

The postponement in the government establishing the regulation on crypto has given rise to intense lobbying, with agencies anxious over the risks emerging from an unregulated section with utmost price unpredictability, posing a threat to investors, the majority of who don’t understand the instrument. In addition to this, there are issues over the instrument being…

Prominent Indian banks caution customers against cryptocurrency trading

According to mails sent by prime Indian lenders State Bank of India and HDFC Bank, they have warned their clients against dealing in crypto such as bitcoin. HDFC Bank, in its letter to its customers, told that cryptocurrency dealings aren’t permitted as per Reserve Bank of India’s regulation. The banks have sent mails to specific…

Indian crypto exchanges may approach the Supreme Court over RBI’s regulation

Cryptocurrency exchanges in India are reportedly considering approaching Supreme Court to sort out problems they’ve had with central banks currently. Most of the crypto exchanges in the nation have had to stop taking rupee deposits in India, as banks withdrew their services after an informal notice from India’s central bank – the Reserve Bank of…