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Indian government would take measures against the cryptocurrency use for illegitimate purposes
Feb 02,2023
Finance Minister of India announced in hisBudget speech for 2019, that Indian government do not recognise bitcoin as a legal tender for payment. He also added that government will seek for thorough regulation on cryptocurrency industry in India. In h...
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An International Monetary Fund paper looks into virtual currencies and their associated benefits and risks
Feb 02,2023
The International Monetary Fund published a 'discussion note' on 'Virtual currencies and beyond: initial consideration'. The paper looks into benefits and risks associated to virtual currencies (VCs), as well as related regulatory and policy challeng...
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India: Proposal to ban cryptocurrencies and create official digital currency
Feb 01,2023
The Indian government is planning to introduce a law to ban private cryptocurrencies such as bitcoin, while providing the Reserve Bank of India with the necessary legal powers to develop a central bank-backed digital currency. The legislation is list...
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EU Commission announced the launch of the Blockchain Observatory and Forum
Feb 01,2023
The EU Blockchain Observatory and Forum will start its work from February 20th 2018. The observatory should play a proactive role to help the EU to stay at the forefront and build expertise in the field of blockchain and cryptocurrencies industry. It...
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South Korea to regulate cryptocurrency exchanges
Jan 31,2023
South Korea's Finance Minister, Kim Dong-yeon, stated that South Korea will not ban cryptocurrency exchanges or any other form of virtual coin trading. In his answer to a question from lawmakers on the government's plans for regulation of the cryptoc...
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Iran in a multilateral talks for international payments in cryptocurrency
Jan 29,2023
According to the local news outlets,Iran is involved in a multilateral talks regarding the future payment system that would support cryptocurrency. Iran is negotiating with the representatives from eight countries (Switzerland, South Africa, France, ...
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EU only monitoring virtual currency, not regulating yet
Jan 26,2023
According to an official from the European Commission, cited byReuters, the EU does not plan to regulate 'hyped' virtual currencies for now, but rather only monitor them. This is because the EU is trying first to collect all relevant information and ...
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Indonesia -Financial regulator warns against facilitating sales of crypto assets
Jan 25,2023
The Financial Services Authority (OJK) in Indonesia has warned financial firms not to offer, or facilitate crypto asset trading. As the value of crypto assets fluctuates, OJK warned that people buying them should understand the risks involved. It is ...
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IMF publishes report on virtual currencies
Jan 25,2023
The International Monetary Fund has published the report Virtual Currencies and Beyond: Initial Considerations. The report points at different challenges related to the regulation and policy-making of virtual currencies, including consumer prote...
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Online payments company Stripe is ending support of Bitcoin payments
Jan 24,2023
The company for online payments Stripe, released astatement providing several reasons for their decision. Transaction confirmation times had risen significantly, and they could no longer cope with the greater price of transaction costs. This rise in ...
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Kenya: Mobile money interoperability to launch in March 2018
Jan 22,2023
The pilot phase of Interoperability among mobile money platforms in Kenya was launched on 22 January 2018. Following an agreement by three of Kenya's major mobile money platforms (Safaricom's M-Pesa, Telkom Money, and Airtel Money) to integrate ...
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China hopes to launch its virtual currency
Jan 22,2023
The central bank in China (People's Bank of China -PBOC) is looking into the possibility of launching its own virtual currency, after having done research on digital currencies since 2014. According toTheRegister, the bank considers that the introduc...
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