Crypto Regulation

The Reserve Bank of India is concerned over cryptocurrencies’ impact on financial stability.

The Reserve Bank of India is concerned that cryptocurrencies may impact the financial stability of Asia's third-largest economy, a view that could shape upcoming anti-crypto regulations on the asset that is breaking price-records around the world. The RBI has...

Chief of Bank of Korea says cryptocurrencies have no intrinsic value.

Cryptocurrencies such as Bitcoin have no intrinsic value, and their price swings are expected to experience greater volatility, the head of the Bank of Korea (BOK) said Tuesday. "There is no intrinsic value in crypto assets," BOK Gov. Lee...

Russian bill to recognize crypto as property moves ahead in the Parliament.

Russia’s Parliament has advanced the bill that proposes to recognize cryptocurrencies as property. The proposed law will provide legal protection for cryptocurrencies, but income from their activities will also be subject to taxation. Russia’s State Duma, the lower house...

Dubai-based license bureau now accepts digital currency payments.

KIKLABB, a Dubai-based license bureau, will allow citizens to pay for their visa and trade license fees in digital currencies. KIKLABB has noted a rising interest in citizens interested in making payments via digital currencies, stated CEO Tasawar Ulhaq....

Bahamas launches the first-ever CBDC-linked debit card.

Three months ago, the Bahamas launched the world's first-ever central bank-backed digital currency, the Sand Dollar. The Caribbean island has once again set another milestone as it availed its citizens the first-ever CBDC-linked debit card. Local payments firm Island...

North Korean hackers indicted in US over stolen $1.3 billion in crypto.

The U.S. Department of Justice has unsealed an indictment charging three North Korean men with cyberattacks that led to the loss of $1.3 billion in cash and digital currencies. The DoJ identified the three suspects as part of a...

Lawmakers in Russia draw up legislation to tax cryptocurrency.

According to local reports, lawmakers in Russia’s Duma are drawing up legislation that could pave the way for the taxation of digital currencies. As per an official announcement from Russia’s state parliament, the Committee on State Building and Legislation...

European Central Bank’s executive proposes a fine for hoarding digital euro.

The digital euro has been one of the most anticipated government-backed digital currencies alongside China's digital yuan. However, as one executive of Europe's apex bank observes, it could lead to commercial banks disintermediation. The ECB executive proposed a €3,000...

Lawmakers to prioritize regulating the cryptocurrency industry.

Lawmakers worldwide now have an incentive to create legal frameworks around the blockchain and crypto industry. Before, both industries were full of early adopters, enthusiasts, and technologists who understood how blockchain technologies would play a vital role in the...

Bitcoin will eventually die when it loses popularity, says Cardano founder.

The Bitcoin massive winning rally has left no one indifferent. Over the past few weeks, it has been the favorite discussion among experts. Some think Bitcoin will go to the moon, and others believe Bitcoin will die. Charles Hoskinson,...

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The Reserve Bank of India is concerned over cryptocurrencies’ impact on financial stability.

The Reserve Bank of India is concerned that cryptocurrencies may impact the financial stability of Asia's third-largest economy, a...