No blanket ban on the horizon, with an open “window” for experimentation in India, says Nirmala Sitharaman.
Bitcoin Regulations News
Bitcoin (BTC) was invented to challenge the hegemonic order of global finance, so naturally it has had a tense relationship with regulators since its early days. The technical and social roots of cryptocurrency largely stem from communities with a deep distrust of the state. From its design to its driving narratives, Bitcoin is a dissident technology.
However, due largely to founder anonymity, decentralized development and distributed architecture, Bitcoin has persisted despite early attempts by regulators to suppress the technology.
Nowadays, the legality of Bitcoin is not as ambiguous, and ongoing regulatory efforts are trying to situate it within finance rather than keep it out — from consumer protection and tax regulation to launching institutional investment vehicles such as exchange-traded funds (ETFs).
The challenge and concern around Bitcoin regulation is how patchwork legislation across jurisdictions may hinder the growth and maturation of the crypto economy that is intended to be a borderless, open financial system.
Bybit will stop serving customers from U.K.-based IP addresses starting March 31, following the FCA's ban on all cryptocurrency derivatives trading.6405
Major Cineplex Group is starting to accept Bitcoin as part of a crypto pilot project.6840
The Senate held its first hearing on Gary Gensler's nomination to chair the SEC today.8165
Letitia James said her office was "sending a clear message to the entire industry."19632
Unicas is planning to open 50 banks in India by the end of the year, but a proposed bill banning crypto could complicate matters.10397
The American exchange is offering services and advice to other private and publicly traded firms that want to hold digital assets in their treasuries.6460
India's largest cryptocurrency exchange will use Unstoppable Domains to create and host blockchain-based URLs, despite the nation's impending Bitcoin ban.17635
HSBC, HDFC and Citi are now requiring crypto traders in India to provide information about their activities or risk losing their funds.6635
The man known as India's Warren Buffet is eager for a blanket ban on all cryptocurrencies and believes the Bitcoin “party” will result in a terrible hangover for investors.13724
She still questioned how regulators would "manage money laundering and illicit finance issues" with digital currencies.14334
After much back and forth, South Korea appears to have finally set a hard date for the dawn of cryptocurrency taxation.11060
Russian crypto mining giant BitRiver is rushing to build two new data centers to meet increasing demand from global crypto miners.8984
Evolve Funds Group Inc has received approval to list its Bitcoin ETF. The new asset will trade under the ticker symbols “EBIT” and "EBIT.U" and provide direct exposure to BTC.28129
The crypto-focused financial services company has filed S-1 paperwork with the SEC, reigniting the debate over a Bitcoin ETF.25453