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“# RBI deputy governor: banning crypto ‘most advisable choice’ ” T. Rabi Sankar from the Reserve Bank of India compared cryptocurrency to ponzi schemes and said that banning them, not regulating them, would be the “most advisable choice” for the Indian government. Sankar, the deputy governor for the RBI, told audiences at a keynote address…
“# Hungary’s central bank chief wants EU-wide crypto trading and mining ban ” György Matolcsy, Governor of the Hungarian National Bank, has proposed a blanket ban on all cryptocurrency trading and mining operations across the European Union. Governor Matolcsy cited the recent crypto ban imposed by China in a blog post shared by the Hungarian…
“# Indian parliament’s agenda includes crypto training session, leaves out bill banning digital assets ” The latest bulletin covering the agenda for India’s lower house of parliament includes “a lecture on understanding cryptocurrency” and its economic impact. According to a Monday publication from the Lok Sabha, the Parliamentary Research and Training Institute for Democracies group…
“# Fitch says proposed Russia crypto ban eases risks but curbs innovation ” On Friday, credit rating agency Fitch published a research piece about Russia’s proposed ban on cryptocurrencies. Although the report agreed with the Central Bank of Russia’s (CBR) position that the ban would limit its financial system’s exposure to risks, it also cautioned…
“# Central bank overkill: Russia’s proposed crypto ban and why everyone’s against it ” On Jan. 20, the Central Bank of Russia (CBR) issued a report summarizing its position on digital assets and proposing a ban on any crypto trading and mining operations in the country. Although the CBR’s strict position on the matter was…
“# Russian Finance Ministry submits crypto regulatory framework for review ” In a new twist of the Russian crypto regulation saga, the country’s Ministry of Finance has come forward with an initiative that stands in stark contrast with the central bank’s hardline position. The Central Bank of Russia recently called for a ban on crypto…
“# Law Decoded: When central banks seek public discussion, Jan. 17–24 ” Last week, two central banks dropped public reports that can have a sizable impact on the crypto landscape in their respective countries and beyond. The U.S. Federal Reserve published a discussion paper entitled “Money and Payments: The U.S. Dollar in the Age of…
“# Uniswap founder’s bank account shut down by JP Morgan Chase, shadow-debanking allegations surface ” On Sunday, Hayden Adams, CEO and founder of popular decentralized exchange, or DEX, Uniswap (UNI), claimed that his JP Morgan Chase bank accounts were shut down with no explanation. In addition, Adams stated that the incident was personal in nature…
“# Russian tech and political executives denounce crypto ban proposal ” Russia’s recent ban on crypto has drawn criticism from a number of big names, including Alexei Navalny’s chief of staff Leonid Volkov, and Telegram founder Pavel Durov. On Jan. 20, Russia’s Central Bank published a report proposing a blanket ban on domestic crypto trading…
“# Don’t mention ‘K’ country: Bitcoin Magazine’s YouTube restored after ban ” Bitcoin Magazine’s YouTube channel was restored around three hours after being shut down, with the publication attributing the short ban to the YouTube algorithm flagging the word “Kazakhstan.” In a Jan. 12 Twitter post, Bitcoin Magazine noted that its YouTube account with 56,600…