Stay updated with breaking news from Crypto Kanoon. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The crypto exchange was charged with operating an unlicensed money transmitter business, conspiring, and breaching sanction regulations, among others.
India’s Reserve Bank concerned digital currencies will impact financial stability Business India’s central bank is concerned that digital currencies could impact the country’s financial stability. The governor of the Reserve Bank of India revealed recently that the bank has conveyed its concerns with the government. The renewed skepticism comes amid a rising crackdown by major banks on digital currency transactions. Governor Shaktikanta Das told CNBC TV-18 that the RBI has “major concerns” regarding digital currencies. While he didn’t elaborate on the nature of concerns, t...
Fincen crypto rule may provide template for India The latest declines are occurring almost a year after cryptocurrency markets, fuelled by a rush of new, wealthy investors, went into overdrive. Photo: Bloomberg 1 min read Share Via Read Full Story MUMBAI: A fresh set of rules proposed by the US Financial Crimes Enforcement Network (Fincen) call for US exchanges to report transfers of cryptocurrency such as bitcoin above $10,000 to non-custodial (unhosted) wallets to Fincen. This also applies to transfers to wallets in certain jurisdictions. Non-custodial wallets are private wallets such as ha...
New Year Special While 2020 has been a landmark year for the crypto space, there have been a few notable letdowns. Despite the growing mainstream acceptance of virtual currencies, some governments are still creating policies that stifle innovation, placing their countries at a disadvantage in the emerging digital economy. Decentralized finance was a major talking point going into the year, and the market segment did not disappoint, with massive growth in investment throughout 2020. However, rogue actors continuously deployed elaborate scams, riding on DeFi hype to fleece victims. Apart from...