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“# El Salvador’s Bitcoin adoption an ‘interesting experiment,’ says BIS exec ” Benoît Cœuré, Bitcoin (BTC) critic and the head of the innovation hub at the Bank of International Settlements, called El Salvador’s historic move to make BTC legal tender in the country an “interesting experiment.” According to Reuters, Cœuré made this assertion during the…
https://s3.cointelegraph.com/audio/67489.d8818b50-0746-4ab7-9c2b-47f39e8a44d3.mp3 The well-known Indian crypto exchange WazirX, which Binance acquired in 2019, is under investigation for alleged violations of India’s Foreign Exchange Act (FEMA). The probe was publicly announced in an official tweet today from India’s Enforcement Directorate (ED): https://twitter.com/dir_ed/status/1403256929435017217 In the Indian numbering system, one crore denotes 10 million. The 2,790 crore rupees in cryptocurrency…
“# Texas regulator allows state-chartered banks to hold Bitcoin ” A Texas state regulator has officially affirmed that Texas state-chartered banks are allowed to store cryptocurrencies like Bitcoin (BTC) for their customers. The Texas Department of Banking, a state regulatory agency chartering state banks and supervising financial services, issued a notice on Thursday stating that local…
“# SEC warns investors of the risks with Bitcoin futures ” The U.S. Securities and Exchange Commision (SEC) has warned investors about the risks of Bitcoin futures trading — citing market volatility, a lack of regulation and fraud to name a few issues. In a June 10 Investor Alerts bulletin, the SEC outlines key points…
“# Shanghai Man: Bitcoin interest drops in China amid crackdown on social media and miners ” This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. This week, following a tumultuous few weeks…
“# IMF plans to meet with El Salvador’s president, potentially discussing move to adopt Bitcoin ” The International Monetary Fund has said El Salvador’s recent decision to make Bitcoin legal tender in the country may raise legal and financial concerns. In a Thursday press briefing from the International Monetary Fund, or IMF, spokesperson Gerry Rice…
“# Finance Redefined: The shadow DeFi conference in Miami! June 2-9 ” Last week, I made the mistake of being just about the only DeFi denizen who actually went to the Bitcoin 2021 event in Miami. While I managed to catch up with a handful of builders and big brains in the convention center, my…
“# Google reversing crypto ads ban a testament to blockchain market maturity? ” The term “unpredictable” has almost become synonymous with the crypto industry at this point, as was on full display recently when technology juggernaut Google decided to un-ban digital asset exchanges from using its advertisement services after a lengthy period of almost three…
“# The global corporate tax rate: crypto savior or killer? ” At a meeting in London earlier this month, the finance ministers from the G7 — the United States, Japan, Britain, Germany, France, Italy and Canada — unanimously agreed to begin creating the framework for a global corporate tax rate. The framework laid out a…
“# Bitcoin part of highest risk category in Basel’s new bank capital plan ” The Basel Committee on Banking Supervision (BCBS), a global committee of banking supervisors and central banks, has proposed new requirements for banks that want to hold cryptocurrencies like Bitcoin (BTC). In a consultation paper published Thursday, the committee provided preliminary proposals…