Blockchain & crypto news from India
The South African Reserve Bank is ready to introduce regulations next year that will declare cryptos classed and treated as financial assets to balance investors’ innovation and protection.
On Monday, economic affairs secretary Ajay Seth told the reporters that inflation in India should moderate in the upcoming months and the government is prepared with its consultation paper on cryptos. He added that there should be a global consensus reached on cryptos and the country would monitor the regulations enforced in other nations prior…
The largest bank in the nation, Banco Galicia will enable its clients to make investments in Bitcoin and other cryptos. Whereas on the other hand, Brubank, another Argentine bank that operates online, declared that it will also offer cryptos. The rollout of crypto associates services by both financial entities started on Monday, May 2nd. On…
While addressing an event at Stanford Medicine, Nirmala Sitharaman, the finance minister of India said that India won’t hurriedly finalize a policy on cryptos and virtual digital assets. Rather, the country will make an informed decision after due deliberations across multilateral fora. At a fireside chat organized by the University, the finance minister said while…
Fidelity to enable investors to put a bitcoin account in their 401(k)s, the first major retirement-plan provider to do so. Employees won’t be able to begin adding cryptos to their nest eggs directly, but later in 2022, the 23,000 firms that utilize Fidelity to administer their retirement plans will have the alternative to put bitcoin…
Colorado will become the first state in the US to acknowledge cryptos for state tax and fee payments. Citizens of the state will be able to pay their income taxes in Ethereum and Bitcoin beginning from as early as June. Governor Jared Polis declared the same a few days ago. To reduce difficulties with volatility…
The citizens of Afghanistan have reportedly turned to cryptos to surpass the financial crisis that struck past the Taliban’s occupation of their nation last August. From cash crunches to the closure of banks and other financial institutions in an economy that depends primarily on cash transactions, the list of problems was unending. With non-governmental institutions…
The New York Stock Exchange is stepping into the NFTs market with schemes to do for digital assets what it does for stocks. In a regulatory filing with the US Patent and Trademark Office, the NYSE said that it intends to be a financial exchange for cryptos and NFTs that would compete with the likes…
Intel is investing in blockchain technology with a latest chip designed to mine cryptos. On Friday the chipmaker said that it will start selling the chip customized to mine Bitcoin and other cryptos later this year. Block, (previously Square) and two mining businesses, Grid Infrastructure and Agro Blockchain, are among the first customers. Mining is…
The Russian government has accepted a system for laws regulating cryptos. A said goal of the new policy is to integrate digital tokens into Russia’s financial system while guaranteeing the rights of private investors and preventing digital assets from being used to finance crime. On Tuesday, Moscow’s official press service said in a statement that…