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Financial institutions in India have only two more days to close off relationships with individuals and firms dealing in cryptocurrencies. The Reserve Bank of India (RBI) gave a three-month window for activities to cease back in April which ends on July 5. Crypto Users can Still Trade In...
Indian media outlets have reported about the recently held session of the country’s parliamentary inter-ministerial committee on cryptocurrency. The committee’s first session is said to have concluded on a promising note, where a majority of the members were in favor of introducing regulations on cryptocurrency usage, thereby offering a...
Bitcoin is probably the most disruptive innovation of this century. As the decentralized cryptocurrency continues to revolutionize the global financial system, the European Central Bank has started to feel the heat. In a recent statement, ECB has asked lawmakers in the European Union to tighten the regulatory screws...
The importance of virtual currencies and its underlying blockchain technology is being recognized by the European Union, resulting a favorable outlook towards the cryptocurrency industry by the European Parliament. The recent report published by the European Parliament stands as an evidence of its stance towards virtual currencies. The...
Bitcoin puts on many different hats, depending on which country it is related to. Some states see Bitcoin as a currency, others as a commodity, and most regions don’t even recognize Bitcoin at all. Things are moving in the direction of recognizing this disruptive technology as a currency with...
Deutsche Bank is one of the latest banks to back blockchain technology. The Frankfurt, Germany based bank has responded positively to the European Securities and Market Authority’s (ESMA) call for evidence on investments using virtual currency and blockchain technology. ESMA had called upon all the stakeholders to express...
In an effort to warn the public about the risks associated with virtual currencies, USA.gov published a list of Five Things You Should Know About Virtual Currencies. The article aims to simplify what virtual currencies are all about and why people should think about the risks involved before...
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