Blockchain & crypto news from India
While the Western world is in no hurry with the CBDC, two more countries have announced their upcoming CBDC pilots. Japan has been experimenting with the CBDC technology for some time, and will now launch a pilot CBDC in April 2023. The testing phase was done by PoCs, and the pilot will further test the…
Turkey’s central bank has reported carrying out the first payment transaction on their Digital Lira network, their CBDC in pilot phase. In the subsequent stages, the network looks forward to the participation of banks and fintech firms for closed-circuit testing. A press release from the organization said: “Against this backdrop, the CBRT will continue to…
In response to what it refers to as “sham” secession votes in four regions of Ukraine, the European Union has confirmed a broad ban on offering crypto services to Russians. At the same time, sanctions are being tightened. CoinDesk broke the story first last week. After the invasion of Ukraine in February, the union enacted…
India recently imposed a string of taxes on crypto-transactions, but the industry looks positively on the near prospects of adopting blockchain. The finance minister Nirmala Sitharaman recently addressed the FICCI event and stated that the new few years will see a rise of blockchain adoption. The increase is estimated at around 46% as per the…
Three recent big developments in world adoption of cryptocurrency indicate more and more interest in offering services to crypto investors. The developments come from Israel, France, and Estonia, supported by news from Russia and the US. Israel had renewed its crypto legal rules back in 2016, and has now granted a license to crypto exchange…
Has the bear market dented the confidence of investors around the world in cryptocurrencies? Which countries are leading the pack in terms of cryptocurrencies deposited in exchanges and other investing platforms such as De-Fi? Chainalysis will be publishing a full report this October, and in a blog post has given a peek into the major…
On Friday, the US announced that it is sanctioning North Korean digital currency mixing company Blender.io, which the nation allegedly uses to launder stolen digital currency and foster cybercrimes. The sanctions, imposed by the Office of Foreign Assets Control of the Treasury Department are the first-ever on virtual asset mixing service. The new sanctions also…
On Tuesday, crypto exchange Binance said that it has introduced a card for users from Ukraine who have escaped their nation due to invasion by Russia, saying the blockchain-based currency is an efficient medium for meeting emergency financial requirements. The Binance Refugee Crypto Card is free and is for all existing and new Binance users…
EU member states agreed Friday to prohibit the services of high-value crypto assets to Russia as part of the fifth package of sanctions imposed in response to the Ukraine war. The European Commission said that the stance will lead to closing potential loopholes in existing restrictions and was declared next to bans on four Russian…
President Joe Biden is anticipating signing an executive order on crypto this week that will mark the initial step towards regulating how digital currency is traded. The stance comes as admin officials have raised issues in recent weeks about Russia’s use of crypto to escape the impact of crushing sanctions in response to its invasion…