Blockchain & crypto news from India
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 Terra blockchain started activity after being stopped for over nine hours amid an ongoing crisis. The blockchain ecosystem’s breakdown led its stablecoin UST to crash. This comes at a time when the crypto market crashed as the sell-off escalates. Stablecoins are cryptos whose price remains stable even if the cryptocurrency market sells off. The…
On Monday, PM Narendra Modi called for synchronized and collective action related to policymaking for blockchain-backed digital currencies. Speaking at the World Economic Forum’s Davos Agenda 2022 virtual event, the PM noted that besides the change for global order, the challenges are also surging, including inflation, supply-chain disruption, climate change and crypto. He said that…
The government has come up with a new crypto bill to be introduced during the winter session in the parliament, namely the Cryptocurrency and Regulation of Official Digital Currency Bill. According to media speculation, the new bill will “forbid the use of all private cryptocurrency” but will provide some leverage on certain cryptocurrencies to promote…
Turkey is all set to present its draft bill to regulate crypto in the nation as soon as October. Situated at the junction where Asia and Europe meet, netizens in Turkey have taken crypto as a protection against inflation. The new bill may make it very much expensive for firms to enter the crypto world…
No doubt the entire year 2020 was spent amidst the chaos created by the novel Coronavirus. However, there is still one thing that gained popularity besides this pandemic and that is cryptocurrencies. Delivering a return of over 800% during the financial year 2020-2021, the oldest and biggest cryptocurrency in the world, Bitcoin stole the limelight…