KEY POINTS The coalition has set up a website where crypto enthusiasts can learn more about the movement A Bitcoin emoji should help drive financial literacy, the coalition said Polygon, Chainalysis and CryptoQuant are among the initiative’s supporters A group of over 20 major cryptocurrency organizations have launched a “historic” campaign to push for an … Read more
Bitcoin has been boosted by a flood of cash into new spot bitcoin exchange-traded funds as well as hopes that the Federal Reserve will soon cut interest rates. Bitcoin rises by as much as 4.8 per cent to a record $71,677 in European trading, bringing gains for the year so far to 70 per cent … Read more
Currently, bitcoins have no legal backing in India and investors have to pay a tax on the income earned by trading in them. RBI has been critical of new-age currencies like bitcoins, saying they pose systemic risk to the financial systems. Crypto currencies cannot be referred to as “currencies” as they have no underlying value, … Read more
Leading Indian cryptocurrency exchanges are recording higher trading volumes, deposits, and user registrations following Financial Intelligence Unit’s (FIU’s) decision on December 28, 2022, to issue compliance show-cause notices to nine global crypto exchanges along with a request to the IT ministry to block their URLs for not adhering to Indian regulatory norms. Leading Indian crypto … Read more
A bipartisan pair of U.S. senators unveiled a bill on Tuesday that would establish new rules for cryptocurrency, and hand the bulk of their oversight to the Commodity Futures Trading Commission (CFTC). The bill, introduced by Republican Senator Cynthia Lummis, one of Congress’ most vocal cryptocurrency advocates, and Democratic Senator Kirsten Gillibrand, marks one of … Read more
