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“# Banning Bitcoin is like rejecting the US dollar, entrepreneur warns India ” An Indian cryptocurrency ban would have grave implications for the future of the country’s economy, and would result in currency devaluation “of the worst form,” says blockchain entrepreneur and HashCash CEO Raj Chowdry. Chowdry, also the managing director of the United States-based…
“# Microsoft president says fintechs should leave currency to central banks ” For Brad Smith, president of the Microsoft Corporation, fintech firms have no business issuing private digital currencies. According to Bloomberg, Smith gave these remarks while speaking at an online conference organized by the Bank for International Settlements. As part of his address, Smith…
“# Experts say new South Korean crypto rules will create a monopolized market ” South Korea is heading into a new period for its crypto industry, with stringent new rules coming into effect on March 25 that will require all cryptocurrency businesses to comply with new crypto reporting regulations and registration rules. As an article from the…
“# Amid ban rumors, billionaire Nandan Nilekani says crypto can help Indians ” Prominent Indian entrepreneur and government advisor Nandan Nilekani has spoken in favor of cryptocurrencies as the government reportedly mulls a ban on private digital assets. Nilekani joined a Clubhouse session with angel investor Balaji Srinivasan to discuss the state of crypto in…
“# Bitcoin searches in Turkey spike 566% after Turkish lira drops 14% ” Google searches for Bitcoin (BTC) emanating from Turkey exploded in the past 24 hours, after the value of the Turkish lira dropped 14% following the firing of a central bank governor. According to data from Google Trends, the number of searches for…
“# XRP purchasers back Ripple, arguing that it is not a security ” On Dec. 22, 2020, the United States Securities and Exchange Commission filed a complaint against Ripple Labs. The complaint essentially alleged that Ripple had engaged in a multi-year, sustained practice of illegally selling unregistered, non-exempt securities in the form of its XRP…
“# Supercycle may propel Bitcoin over $1 million, Kraken’s Dan Held says ” According to Dan Held, growth lead at Kraken, Bitcoin is currently experiencing a supercycle that could propel it all the way to $1 million. In Held’s view, this market cycle is fundamentally different from previous ones. “This is one in a hundred…
“# Pakistani province to pilot crypto mining farms ” The Pakistani province of Khyber Pakhtunkhwa, or KP, has formed a federal committee to create a new cryptocurrency policy including government-backed crypto mining. As part of the new policy, the KP Crypto Advisory Committee has already decided to pilot two hydroelectric-powered crypto mining farms, a minister…
“# Putin issues orders to combat ‘illegal cross-border transfers’ of digital assets ” Russian President Vladimir Putin has stressed the importance of developing additional measures to fight against illegal cross-border transactions of digital financial assets. Speaking at a board meeting of the General Prosecutor’s office Wednesday, Putin stated that “criminal elements have been increasingly deploying…
“# EU securities regulator warns about risks of ‘non-regulated’ cryptos ” The European Securities and Markets Authority, the European Union’s independent financial authority, has warned about the high risk of cryptocurrency investment. In its latest “Trends, Risks and Vulnerabilities” report published Wednesday, the ESMA analyzed the impact of COVID-19 on financial markets, highlighting the increased…