Crypto currencies recover, back in the green on Indian exchanges

After more than 24 hours of bloodbath and losing nearly a quarter of its value on exchanges, cryptocurrencies are back in the game. The best coins have recovered nearly 10 percent or more from yesterday’s 15-20 percent drop. As of 1:30 p.m., Bitcoin is trading in the green, up 5.03 percent. The price of USDT … Read more

Cryptocurrency is here to stay: Paytm founder Vijay Shekhar Sharma

“I am very optimistic about cryptocurrencies. They are mainly based on cryptography and in a few years the mainstream technology will be like the Internet which is (now) a part of everyday life,” he said. Fintech Paytm founder Vijay Shekhar Sharma said Thursday that the cryptocurrency is here to stay and is primarily based on … Read more

Cryptocurrency bill: These are the countries where cryptocurrency is restricted or illegal

Cryptocurrency regulation has been controversial since its inception in 2009. The legal status of cryptocurrencies varies greatly from country to country. India has proposed a bill on cryptocurrency in the upcoming winter session of Parliament banning private cryptocurrencies with certain exceptions. The outright ban of cryptocurrencies primarily occurred during 2017-18, coinciding with the rise of … Read more

What happens if the government decides to ban cryptocurrency?

Cryptocurrency users in India are worried about their investments if the government decides to ban virtual tokens. This is because the Cryptocurrency Act was introduced in the winter session of Parliament seeking to ban all private cryptocurrencies with certain exceptions for promoting the underlying technology. The proposed bill talks about three aspects of cryptocurrency. First, … Read more

Cryptos trade in red after Centre plans bill to bar private cryptocurrency

Cryptocurrencies traded in the red on Wednesday after the center announced its plans to introduce a bill to ban all private cryptocurrencies in India. Bitcoin is down 25.04 percent after the latest announcement. Coins like Ethereum and Dogecoin fell by 22.86 percent and 22.54 percent, respectively. Litecoin price is down 24.59 percent while Ripple or … Read more

Internet criticises govt’s proposed Crypto Bill 2021; memes ensue

The center proposed banning all private cryptocurrencies with certain exceptions in the Cryptocurrency Act and the regulation of the Official Digital Currency Act 2021, which will be introduced in the upcoming winter session of Parliament. This decision is prompted by concerns that cryptocurrencies are being used to deceive investors and fund terrorism. Internet users, as … Read more

Banks must seek permission to engage in certain crypto activities: US regulator

A major regulator said Tuesday that US banks must seek and obtain written permission from bank supervisors before engaging in certain activities involving cryptocurrency. The Office of the Comptroller of the Currency said that banks should be able to demonstrate that they have appropriate risk management tools in place before undertaking activities such as providing … Read more

A crypto wallet could solve India’s problems, think tank Policy 4.0 suggests

The Indian government announced on Tuesday that it will introduce a crypto-currency bill with 25 others in the upcoming winter session of Parliament starting on November 29. The government has been on the sidelines about the use and trade of cryptocurrencies in the country and was concerned about the use of these ÔÇťallegations to lure … Read more

Cryptocurrency ban conversations bring Clubhouse to life again

The government’s proposal to ban all private cryptocurrencies with a few exceptions has once again sparked conversations on the acoustic social platform Clubhouse. Groups including All India Startups, and Cryptocurrency took to the platform late Tuesday night after announcing the legislative agenda for the Winter Parliament session which included the Cryptocurrency Bill, 2021. Clubhouse has … Read more

Here’s everything you need to know about RBI’s digital currency

The government is ready to create a framework for creating an official digital currency issued by the Reserve Bank of India (RBI). A bill in this regard will be submitted to the winter session of Parliament. RBI has been studying many issues related to the official digital currency from its technological architecture to its use … Read more