Indian Central Bank Justifies Its Crypto Stance – Outlines Key Areas of Concern

The Reserve Bank of India has justified its crypto banking ban to an industry group which has been trying to convince the central bank to ease crypto restrictions. In response, the central bank outlines key areas of concern and upholds… Continue Reading

Special Unit Formed to Investigate Crypto Cases in India

A special investigations unit has been set up in the Indian state of Maharashtra where there is a rise in bitcoin-related scams. The unit will take over the investigation of all cases relating to cryptocurrency in the state that are… Continue Reading

PBoC: Bitcoin Trading in Chinese Currency Drops Below 1% of World Total

Bitcoin trading in renminbi (RMB) has dropped to less than 1 percent of the global total, the central bank of China announced. The People’s Republic banned yuan-crypto trade last year, prompting the exodus of hundreds of Chinese crypto businesses, including… Continue Reading

Philippines Central Bank Approves 2 Cryptocurrency Exchanges

Two new cryptocurrency exchanges have been authorized by the Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, to process conversions between cyrptocurrencies and the Philippine peso. BSP’s deputy governor Chuchi G. Fonacier said the Philippines central has approved applications… Continue Reading

Indian Police Seek to Sell Crypto and Bypass RBI Ban

Indian police are reportedly facing a challenge of how to liquidate cryptocurrencies they seized since the country’s central bank, the Reserve Bank of India (RBI), has banned banks from providing services to crypto exchanges. The RBI ban is now in… Continue Reading

Regulatory Round-Up: U.K. Chief Blockchain Officer, DLT Cohort in FCA Sandbox, Central Bank Calls Crypto ”Fallacy”

In recent regulatory news, U.K. minister, Eddie Hughes has published a report that advocates for the creation of a “Chief Blockchain Officer,” the U.K. Financial Conduct Authority has announced that a number of distributed ledger (DLT) companies have been accepted… Continue Reading

Philippines Government Approves Two New Crypto Exchanges

The central bank of the Philippines has reportedly approved two new cryptocurrency exchanges, bringing the total number of accredited crypto exchanges in the country to five. Meanwhile, crypto transactions have been growing in the country. Also read: Yahoo! Japan Confirms Entrance… Continue Reading

Kenya Has Two Weeks to Decide Whether to Regulate Cryptocurrencies

Kenya’s Treasury Secretary has been tasked with the responsibility of investigating the current state of cryptocurrency adoption in the country, which has so far been growing with no regulations. In a couple of weeks, he is to give his report… Continue Reading

Unaware Where Bitcoins Are Mined, RBZ Governor Embraces Blockchain

The governor of the Reserve Bank of Zimbabwe has made several statements about cryptocurrencies that attest to insufficient knowledge of the matter. The central bank, which recently banned financial institutions from working with crypto companies, now wants to study and… Continue Reading

Indian Supreme Court Heard Crypto Petition but Upholds RBI Ban – Effective in 2 Days

The Indian Supreme Court heard one petition against the crypto banking ban by the country’s central bank today. However, the court did not grant a stay and the ban is set to proceed as planned, prompting crypto exchanges in the… Continue Reading