India’s digital currency is happening soon

India will get its very own official digital currency soon. According to a top government source, it will mirror any of the presently available private firm-operated electronic wallets, but with a twist that it will be a sovereign-supported facility. In her budget speech the previous week, Finance Minister Nirmala Sitharaman discussed launching a central bank-backed…

Crypto Bill unlikely to be introduced in Budget Session of the Parliament

The Centre may not table the much-awaited crypto regulation bill in the upcoming budget session of the Parliament, many new firms have reported currently. According to the reports, this is because there is a need to have more discussions on it and the government intends to build consensus over the provisions of the upcoming Bill….

Budget 2022 must bring more transparency to the crypto sector

The upcoming Union Budget is expected to bring transparency regarding regulatory ambiguity related to the cryptocurrency sector. Initial highlights of the recommended crypto bill indicate the SEBI’s role in regulating crypto as an investment asset in capital markets, with the Reserve Bank of India supervising the foreign exchange and wider monetary aspects. Jurisdictional transparency in…

Turkey is all set to regulate cryptocurrencies

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…

Investors spot a silver lining after RBI clarifies 2018 rule

A decision from the Reserve Bank of India (RBI) to remove a 2018 rule that prohibits banks from encouraging crypto dealings comes as a welcome relief for a community encountering opposition from traditional lenders required to help settle these trades. Late on Monday, the regulator informed banks not to quote a 2018 central bank circular…