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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US Government to “Aggressively Pursue” Unregulated Services Around the World

us government to aggressively pursue unregulated services around the world

Regulation Two common complaints among crypto traders are that platforms which didn’t before are now demanding identification documents and that more venues close their doors to residents of some countries. While users naturally lash out at the companies, it is important to remember that this is often done under coercion or threat by regulators. The US government, for example, doesn’t consider itself bound by national borders in pursuing unregulated services. Also Read: The Weekly: Coinbase Increases Limits, Shapeshift Acquires Bitfract, Okex Launches Coinall The Long Arm of the Law Kenneth…

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TravelbyBit Crypto Payment App Receives Grant From Queensland Government to Help “Boost Tourism”

travelbybit crypto payment app receives grant from queensland government to help boost tourism

TravelbyBit: In a move to try and boost tourism in Australia’s second-largest state – Queensland, the residing government has proposed it will back a local crypto payments startup using it’s new  ‘Advance Queensland Ignite Ideas’ grant. What’s Going On? On Wednesday, the Queensland government announced on its website, details of an $8.3 million AUD grant which will be given to 70 domestic companies looking to bring innovative business to the area. Business focusing on cryptocurrency especially seems to have piqued the government’s interest as it specifically mentioned Queensland-based startup TravelbyBit – a start-up…

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