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Journey of India’s crypto ban: 3 meetings. 2 years. 1 flawed draft bill
“You will be out of work soon,” told my perturbed mother on call. I was taken aback for a second as I asked her, “What? What are you saying?” It was July 22, 2019, and the Internet was flooded with the news of “India bans crypto” or “India needs regulations, not ban” and I realized […] The post Journey of India’s crypto ban: 3 meetings. дальше »
2019-8-4 18:30 | |
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U.S.: Legislation Realizes Bitcoin Is Harder To “Ban” Than They Thought
Despite the fears of some that regulations would be the reason why cryptocurrency falls, and the “bubble” pops, an article by Forbes published on July 30th, 2019 reports that U. S. lawmakers have finally concluded that this wouldn’t be possible. дальше »
2019-8-1 15:00 | |
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What Bitcoin and Ethereum can teach GitHub following the Iranian user ban
GitHub, a San Francisco-based open-source code hosting provider, was prevented from providing sanctioned nations, including Iran and Syria, from accessing their supposedly open-source services. These restrictions highlight the need for decentralized web utilities—like Bitcoin and Ethereum. дальше »
2019-8-1 11:19 | |
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US Congressional Hearings: Lawmakers Acknowledge A Bitcoin Ban Is Impossible, Even If They Tried
Bitcoin has seen an impressive bull run this year, rising by more than 200% from 2018 lows. However, since Facebook unveiled plans to develop its own digital currency, Libra and regulators poured cold water on these plans, bitcoin has been bearing the brunt of increased scrutiny by lawmakers. дальше »
2019-7-31 18:16 | |
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Optimism Dwindles as Indian Finance Minister Evasive on Crypto Ban Bill
The crypto industry in India is still in limbo this week while politicians acknowledge the proposed ban bill but remain evasive. The shift from regulation to blanket ban has sent shock waves through the nascent industry in the world’s second most populous country. дальше »
2019-7-31 16:00 | |
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US Senator: Even If We Wanted To, We Couldn’t Ban Bitcoin
U. S. Senator Mike Crapo (R-Idaho) admitted that it would be difficult or impossible to ban bitcoin in the United States. The Senator offered a number of positive comments on bitcoin as he chaired the Senate Committee on Banking, Housing and Urban Affairs cryptocurrency hearing yesterday. дальше »
2019-7-31 15:04 | |
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Indian Finance Minister Addresses Crypto Proposal – Industry Responds
India’s finance minister has broken silence and talked about the crypto draft bill and report her department is examining which propose to ban cryptocurrencies. While she views the report as “very futuristic and well-thought-out,” the crypto industry sees it as flawed and incomplete. дальше »
2019-7-31 10:15 | |
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India set to ban cryptocurrency and launch the digital rupee
India is moving closer to a ban on Bitcoin and other cryptocurrencies that would criminalize users. The Indian government remains open to distributed ledger technology, however, and a new report recommends the launch of the digital rupee. дальше »
2019-7-30 22:00 | |
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When Cash Is Banned, Centralized Cryptos Are Not Going to Save You
Australia is now moving forward with its proposed legislation to ban cash purchases over 10,000 AUD ($6,900) for business purposes. According to the treasury website: “The Black Economy Taskforce recommended this action to tackle tax evasion and other criminal activities. дальше »
2019-7-30 19:45 | |
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Powerful Indian Tech Lobby Blasts Government’s Proposed Cryptocurrency Ban
India’s trade association for the information technology sector has criticized a proposal by a government committee to ban cryptocurrencies, Business Standard reports. According to the National Association of Software and Services Companies (Nasscom), regulations for the cryptocurrency sector are preferable to a ban. дальше »
2019-7-30 16:07 | |
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Tron CEO Justin Sun Offers BTFS As Decentralized Storage Plan Amidst GitHub’s Ban
As previously reported by Bitcoin Exchange Guide [BEG], GitHub currently bans certain countries – that the US have pushed aside – from using its services. An Iranian software developer named, Hamed Saeedi, was the one to have exposed the rather negative GitHub side, stressing the extent to which the world’s leading software development platform is […] дальше »
2019-7-30 06:26 | |
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Government Restrictions on Cash Transactions Show Why Bitcoin is Important
The government of Australia wants to ban cash payments for goods and services exceeding 10,000 AUD ($6,900). Interestingly, it excludes digital currency, such as Bitcoin, from the restrictions, arguing that if the regulations cover crypto assets, they would also limit innovation. дальше »
2019-7-30 02:00 | |
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Top expert: Those who ban crypto, send country 40 years in the past!
For several months now, India’s crypto market has been experiencing great difficulties with regulation. Obviously, in support of its centralized instant payment system (Unified Payments Interface, UPI), developed by the National Payment Corporation of India (NPCI), the authorities are preparing a bill to completely prohibit cryptocurrency. дальше »
2019-7-29 20:01 | |
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Calls Intensify for Indian Government to Regulate Cryptocurrency
Since the Indian government unveiled a draft bill to ban cryptocurrency, the crypto community has ramped up its efforts to influence the government’s final decision. The community has plans to reach out to parliament members to show them how flawed the crypto recommendations the government is examining are. дальше »
2019-7-29 12:15 | |
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Weekly Digest: Bitcoin Price Inaction, India Ban, and Sanction Busting
The United Kingdom gained a new Prime Minister this week, voted for by Conservative party members. But will Boris be bad for Bitcoin? Or perhaps cause prices to rise? Maybe Boris isn’t the answer to all our questions and we should be looking elsewhere… like the rest of the weeks news, for instance. дальше »
2019-7-28 14:00 | |
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The ‘War on Bitcoin’ Is Almost Here – And It Will Get Ugly
For better or worse, bitcoin is now on the global political stage. It was discussed in Congress. Donald Trump slammed bitcoin on Twitter. The Treasury Secretary called cryptocurrencies a national security threat, and the chairman of the Federal Reserve urged caution. дальше »
2019-7-27 15:55 | |
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Why Banning Cryptocurrency Means Nothing for Crypto, but Everything for India
Recently, a committee studying the effects of cryptocurrency and distributed ledgers in India recommended an outright ban on all cryptocurrencies. The committee was headed by the Secretary of Economic Affairs, Subhash Chandra Garg. дальше »
2019-7-27 11:00 | |
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Research Shows the U.S Dollar has been used to Launder Money 800x more than Bitcoin
The cryptocurrency industry has faced a lot of resistance mainly from governments of the globe for several reasons. One of the main reasons given is that cryptocurrencies can be used for money laundering and lawmakers have proposed a complete ban several times. дальше »
2019-7-27 01:03 | |
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Tim Draper: Bitcoin Ban Will Set India Back 40 Years
American venture capital investor, Tim Draper, has commented on India’s proposed bitcoin and crypto ban stating that it will set the nation back 40 years. Death Knell For Bitcoin and Crypto in India India has clearly taken a leaf out of China’s book with its draconian attitude towards crypto assets. дальше »
2019-7-26 14:02 | |
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India’s Crypto Dial Leaned Regulation Before Central Bank’s ‘Ban’ Shove
India – that has proposed a total ban on crypto yesterday – had planned to regulate digital currencies at first but the Reserve Bank of India (RBI) has forced the inter-ministerial cryptocurrency committee to prohibit the digital assets. дальше »
2019-7-27 13:13 | |
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Indian Government Official Resigns After Drafting ‘Flawed’ Crypto Bill
The Indian government official who headed the committee which drafted the bill to ban cryptocurrencies has applied for voluntary retirement after releasing the report and draft bill which the crypto community calls “flawed. дальше »
2019-7-26 13:05 | |
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Special Committee Calls For Complete Crypto Ban In India As Supreme Court Continues To Delay Crypto Hearing
The tussle between the Indian crypto community and the government is still ongoing as the government aims to completely ban cryptocurrencies from the country. The government also seeks to establish its own cryptocurrency. дальше »
2019-7-25 20:39 | |
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India’s Proposed Crypto Ban Could Maroon Investors from Cashing $100 Million+
Besides preventing citizens and residents of India from participating in the crypto markets going forward, the proposed crypto ban by the Indian government could also negatively impact investors who have already put their money in digital assets. дальше »
2019-7-25 13:08 | |
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China-based Crypto P2P Lender Raises $21 in Four Hours of Its RRB Tokens
Chinese crypto-based Peer-to-Peer lending startup, RenrenBit, has reportedly raised $21 million from a token sale. The platform, selling each dollar-pegged, Tether-issued token for $1, only needed four hours to complete the sale. дальше »
2019-7-24 19:06 | |
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Facebook gets away with $5B FTC fine for leaking your data
The US Federal Trade Commission (FTC) has slapped a $5 billion fine on Facebook in wake of the Cambridge Analytica scandal and its other data leaks. In an agreement filed today, the FTC has also ordered the social network to make privacy-related changes to avoid such mishaps in the future. дальше »
2019-7-24 17:08 | |
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India Bitcoin Ban Recommendation Based on Flawed Arguments
WazirX founder Nischal Shetty believes that the recent IMC (Inter-Ministerial Committee) report put forward by the Indian government calling for a complete bitcoin and crypto ban in India drew its conclusion from inaccurate assumptions. дальше »
2019-7-24 17:00 | |
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Bitcoin Sadist Roubini Cheers India’s Planned Cryptocurrency Ban
Economist and Bitcoin critic Nouriel ‘Dr. Doom’ Roubini has hailed a proposed ban on cryptocurrencies in India calling it ‘good news’. According to the New York University economics professor, an actual ban on crypto in the world’s second-most populous nation will save ‘retail suckers’ in the country from investing in ‘shitcoins’. дальше »
2019-7-24 14:59 | |
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Revealed: The Fines & Criminal Offenses Facing an Indian Crypto Adopter
After two years, a much-hyped consortium of bankers and legislators has proposed that the Indian government completely ban public cryptocurrencies (like Bitcoin). Newsflash: Indian Regulators Officially Propose Total Cryptocurrency Ban https://t. дальше »
2019-7-24 12:22 | |
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Tron CEO Justin Sun is in San Francisco
The Tron Foundation Founder & CEO Justin Sun is in San Francisco, United States, despite rumours of him being placed under a Chinese exit ban. Tron Chinese Whispers The blockchain entrepreneur published a live Periscope video Tuesday afternoon. дальше »
2019-7-24 22:30 | |
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Binance CEO: A US Crypto Ban Would Not Shatter The Industry
There has been a lot of speculation recently as to whether US president Donald Trump’s recent tweets on bitcoin and crypto were good or bad for the industry. The doom merchants will cheers his dollar pumping comments but industry leaders see it as a boost for crypto in general. дальше »
2019-7-24 21:00 | |
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India: IMC’s recommendation to ban private cryptos does injustice to the country’s unbanked, crypto-community
While India took a giant leap forward with the launch of its second moon mission, Chandrayaan-2, it also took a step back after an Inter-Ministerial Committee recommended a ban on “private cryptocurrencies. дальше »
2019-7-23 17:30 | |
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Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing
The Indian government has officially released the report by the interministerial committee tasked with proposing crypto measures. The announcement came one day before the country’s supreme court was scheduled to hear the writ petitions against the crypto banking restriction. дальше »
2019-7-23 16:05 | |
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Indian Government Unveils Draft Crypto Bill
The Indian government has officially released the report by the interministerial committee tasked with proposing crypto measures. The announcement came one day before the country’s supreme court was scheduled to hear the writ petitions against the crypto banking restriction. дальше »
2019-7-24 16:05 | |
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RBI Forced Inter-ministerial Panel to Propose Ban on Bitcoin: Report
The central government initially wanted to regulate the bitcoin sector but changed its stand due to objection from the Reserve Bank of India (RBI), reports Business Standard. The Indian daily claimed that Economic Affairs Secretary Subhash Chandra Garg, who was heading the interministerial committee to study cryptocurrencies, favored regulating them. дальше »
2019-7-23 16:00 | |
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India Bitcoin and Crypto Ban Seems Likely After Latest Inter-Government Communication
Just days after a bill has been proposed to limit all cryptocurrency activity in India, a new government communication note between ministries surfaced, strengthening the case for the ban.
дальше »2019-7-23 14:33 | |
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Crypto exchange exec says Bitcoin ban in India not final yet, is there any hope?
This week, the inter-ministerial committee (IMC) of India officially recommended the imposition of what has been considered a blanket ban on crypto assets like bitcoin. According to Reuters, the panel led by finance secretary Subhash Chandra Garg has suggested a fine of $3. дальше »
2019-7-23 10:57 | |
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India’s Ban On Cryptocurrency: Several Crypto Proponents Ready To Hold Talks With Indian Regulators
The Inter-Ministerial Committee (IMC) released a report and a draft bill proposing a total ban on cryptocurrency and the harsh measures to be taken on any Indian citizen who holds, sells or buys cryptocurrency. дальше »
2019-7-23 09:22 | |
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India is not Banning Cryptocurrency After all Despite Negative RBI Stance
There have been a lot of interesting cryptocurrency-related developments in India over the past few years. Primarily the confusion regarding the regulation of the industry or even potentially banning it has created a few interesting debates. дальше »
2019-7-23 00:00 | |
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Why China Wants to Ban Cryptocurrency Mining
China is looking to ban cryptocurrency mining and regulators in the country are seeking public opinion on the matter. The nation is home to the world’s biggest mining-pools and hardware… The post Why China Wants to Ban Cryptocurrency Mining appeared first on CoinCentral. дальше »
2019-7-23 23:10 | |
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