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Regulating Crypto Without Global Consensus Will Not Be Effective: Finance Minister

Press Trust of India | Sunday April 23, 2023, Bengaluru

Underlining that global consensus is necessary for regulation of crypto, before India makes any move on it, Union Finance Minister Nirmala Sitharaman on Sunday said a global template may have to be created, and everyone will have to work together on it, otherwise regulating it will not be effective.

Cryptocurrency Ether Leaps To 11-Month High In Wake Of Software Upgrade

Reuters | Friday April 14, 2023, Singapore

Cryptocurrency ether leapt more than 5% in early Asia trade on Friday as traders breathed a sigh of relief that a software upgrade this week ran relatively smoothly.

G20 Consensus That Coordinated Approach Needed On Crypto Assets: Minister

Press Trust of India | Friday April 14, 2023, Washington

Members of the G20 agree that a globally coordinated understanding would be required not only to deal with the challenges posed by crypto assets but also to regulate them, Union Finance Minister Nirmala Sitharaman has said.

Bitcoin Breaches $30,000 Level As Investors Eye End Of Fed Rate Hikes

Reuters | Wednesday April 12, 2023

Major cryptocurrency bitcoin breached the key $30,000 level for the first time in 10 months on Tuesday, adding to its steady gains.

Crypto Trade Under India's Anti-Corruption Rules - What It Means For You

Reuters | Wednesday March 08, 2023, Mumbai

Extending India's money laundering rules to cryptocurrencies will give authorities greater authority in monitoring the transfer of these assets beyond the country's borders.

Crypto Transactions, Virtual Assets To Come Under Money Laundering Act

Edited by Abhimanyu Kulkarni | Wednesday March 08, 2023, New Delh

The ministry warned investors against "participation in and provision of financial services related to an issuers offer and sale of a virtual digital asset."

Cryptoverse: Smart Tokens Take Up Crypto Super Growth-Mantle

Reuters | Tuesday March 07, 2023

For investors living on the digital edge, bitcoin is starting to look a little old-fashioned. Hooked on high growth, some are turning away from the original cryptocurrency - designed as an alternative to regular cash - in favor of its descendants.

Cryptocurrency Stocks Down As Silvergate Crisis Deepens

Reuters | Monday March 06, 2023

Shares of cryptocurrency-related companies fell in premarket trading on Monday after Silvergate Capital Corp pulled the plug on its crypto payments network, following its doubts about keeping its business viable.

Binance To Revive Bid For Singapore Cryptocurrency Permit: Report

Reuters | Thursday March 02, 2023

Binance will have its custodial arm apply for a permit to offer cryptocurrency services in Singapore "in due course", Nikkei Asia reported today, citing executives from the unit.

Union Budget 2023: Will Blockchain-Based Digital Currency Come Of Age?

Reported by Aprameya Rao | Saturday January 28, 2023, New Delhi

With the Union Budget around the corner, industry watchers expect some announcement regarding the digital rupee.

Cryptoverse: Bitcoin Springs Back In 2023, Jumps 26% In January

Reuters | Tuesday January 17, 2023

"After a rough year last year for cryptos, we are seeing a form of mean reversion," said Jake Gordon, analyst at Bespoke Investment Group, referring to the theory of asset prices returning to long-term averages.

Cryptocurrency Exchange Crypto.com To Cut Workforce By 20%

Reuters | Friday January 13, 2023

The announcement comes after Coinbase Global Inc said on Tuesday it would cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan.

Customers, Banks Should Be Wary Of Risks From Crypto-Assets, Warn US Regulators

Asian News International | Wednesday January 04, 2023, Washington

The joint statement by US regulators, the first of its kind, also termed contagion risk within the crypto-asset sector, which may result from interconnections among certain crypto-asset participants as one of the concerns.

FTX Customers File Lawsuit To Lay Claim To Assets

Reuters | Wednesday December 28, 2022

The lawsuit is the latest legal effort to lay claim to the dwindling assets of FTX, which is already feuding with liquidators in the Bahamas and Antigua as well as the bankruptcy estate of Blockfi, another failed crypto company.

What Nirmala Sitharaman Told Parliament On Blockchain Use By Banks

Reported by Aprameya Rao, Edited by Rahul Karunakar | Friday December 23, 2022

The government informed the parliament that there are no proposals for a common blockchain-backed platform for banks in India.