Reports: India’s Crypto Regulations Delayed, Government Considers ‘Crypto Tokens’

reports indias crypto regulations delayed government considers crypto tokens

Regulation The Indian government previously planned to submit the proposal for crypto regulations in July. However, a senior official has revealed that the regulatory framework for cryptocurrencies in India has been delayed and will likely be ready by the year’s end. Meanwhile, the government is reportedly considering “launching crypto tokens for financial transactions.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Indian Regulations Delayed Subhash Chandra Garg. The Indian government has been working on cryptocurrency regulations. A panel was set up in December last year under Subhash Chandra Garg,…

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Japan’s Internet Giant GMO Unveils New Crypto Priorities, Exchange Profits Up 7-Fold

japans internet giant gmo unveils new crypto priorities exchange profits up 7 fold

Exchanges Japan’s GMO Internet has unveiled new priorities for its cryptocurrency business along with the performances of its crypto exchange and mining operations. The changes going forward result from the bear market and increased total hash rate. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space GMO Coin Profits Up 7.3-Fold Japanese internet giant GMO published its second-quarter results for this fiscal year on Thursday. The report details the performances of the company’s cryptocurrency operations as well as changes in future plans. In the second quarter, GMO’s overall crypto business…

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Bitcoin is a Permissionless, Decentralized Firearm: Cody Wilson is Satoshi Nakamoto

bitcoin is a permissionless decentralized firearm cody wilson is satoshi nakamoto

Op-Ed The path to a cryptocurrency revolution might just run through a sleepy Austin, Texas industrial park, home to offices of Cody Wilson and his company, Defense Distributed in the United States. Parallels exist between downloadable files from a website, allowing users access to 3D printable firearms, and a permissionless, decentralized, censorship-resistant medium of exchange. If the world’s most powerful government succeeds in preventing Mr. Wilson from engaging in basic speech, hold on to your electronic wallet because it could be next.   Also read: Report: 15,000 Twitter Crypto Scam…

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Saudi Regulators Warn Against Trading Cryptocurrencies, Citing ‘High Market Risks’

saudi regulators warn against trading cryptocurrencies citing high market risks

A governmental committee of the Kingdom of Saudi Arabia has warned the public that trading digital currencies is illegal in the country, according to an Aug. 12 announcement by the Saudi Arabian Monetary Authority (SAMA). The warning was issued by the Standing Committee for Awareness on Dealing in Unauthorized Securities Activities in the Foreign Exchange Markets. The standing committee was established by supreme decree headed by Capital Market Authority (CMA), and contains such ministries as the Ministry of Media, Ministry of Commerce and Investment, SAMA, and the Ministry of Interior.…

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An In-Depth Look at the Cryptocurrency Economy’s ‘Stablecoin’ Trend

an in depth look at the cryptocurrency economys stablecoin trend

Finance Back in the early days, cryptocurrency enthusiasts used to laugh at the thought of a stable cryptocurrency pegged to a specific fiat currency like the US dollar. Although nowadays things have changed and the digital currency tether (USDT) captures more cryptocurrency trade volume than most of the leading nation-state issued fiat currencies like the USD and JPY. Moreover, the past year or so more ‘stablecoins’ have been entering the crypto-economy, and some individuals think stablecoins are necessary elements for the future of this technology. Also Read: Wormhole Mainnet and Developers’…

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Vietnamese Stop Importing Bitcoin Mining Rigs as Import Ban Looms

vietnamese stop importing bitcoin mining rigs as import ban looms

Regulation Vietnamese businesses and individuals have stopped importing bitcoin mining equipment into the country since the beginning of July, according to the Ho Chi Minh City Customs Department. This follows the government’s efforts to pass a law banning the import of bitcoin mining rigs into Vietnam. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Mining Rig Imports Stop Business and individuals in Vietnam used to import a large number of crypto mining rigs into the country. Last year, the Customs Department of Ho Chi Minh City (HCMC) cleared more…

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