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RBI Confirms Crypto Not Banned in India

</header> <strong>The Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in the entities it regulates, …

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New Bill in Oklahoma Proposes Depository for Cryptocurrencies Used by Government

</header> <strong>A bill has been introduced in the U.S. state of Oklahoma to establish a new type of state-chartered financial institution that will be “the central depository for virtual currency used by governmental agencies in this state.” The new establishment aims to provide financial and technical services to crypto innovators and developers.</strong> Also read: Regulatory …

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Subhash Chandra Garg on the Future of Crypto

</header> <strong>India’s former Finance Secretary Subhash Chandra Garg has shared his views on the future of cryptocurrency, both in India and worldwide. He headed the committee responsible for drafting the infamous bill to ban cryptocurrencies, which the crypto community calls flawed in many regards.</strong> Also read: Regulatory Roundup – China Blockchain ETF, New French Crypto …

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Proposed NYC law would require drone inspections for building complaints

Sponsored Links Drew Angerer/Getty Images Drones could soon be key to keeping New Yorkers safe from crumbling architecture. Members of the New York City Council have proposed legislation that would require drone inspections within 48 hours of a complaint or confirmed violation. A robotic vehicle (not the Mavic 2 Pro pictured) would use infrared and …

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New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments

</header> <strong>The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight of cryptocurrencies in the country. </strong> Also read: Crypto Startups to Get …

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RBI Governor Discusses Crypto and Central Bank Digital Currency

</header> <strong>The governor of the Reserve Bank of India (RBI), Shaktikanta Das, spoke about cryptocurrency during a press conference on Thursday. He also talked about the prospect of an RBI-issued digital currency, when the time will be right for issuing one, and his view on private digital currencies.</strong> Also read: Indian Supreme Court Wraps up …

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Senate bill would block US companies from storing data in China

Sponsored Links ASSOCIATED PRESS US Senator Josh Hawley (R-Missouri) wants to make it illegal for US companies to store user data or encryption keys in China. He also wants to prevent Chinese companies from collecting any more info from American users than is necessary to provide their service. He proposed these measures as part of …

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Liechtenstein Adopts Token Act to Attract Crypto Business

</header> <strong>One of Europe’s smallest but richest nations, Liechtenstein, has made a significant step towards clarifying the regulatory environment in its already crypto-friendly jurisdiction. The parliament of the German-speaking principality in the heart of Europe has just passed a law that is likely to entice even more crypto companies to its territory. </strong> Also read: …

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New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals

<header class=”article__header”> </header> <strong>Customers of a cooperative bank with 137 branches across India still do not know the fate of their money, which was restricted by the central bank. Evidence of alleged bank fraud has since surfaced, but the RBI still insists that India’s banking system is safe, despite many citizens being unable to withdraw …

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Indian Lawmaker Raises Hope of Positive Crypto Regulation

<header class=”article__header”> </header> <strong>A member of the upper house of the Indian parliament has given the crypto community some advice on what can be done to influence the government’s crypto decisions. He encourages anyone to reach out to him and discuss their concerns, including issues related to the draft bill to ban cryptocurrencies in India. …

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