Crypto News

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.

Union Finance Minister Nirmala Sitharaman on Thursday said that there was a greater acceptance among Group of 20 (G20) member countries that any new regulations on crypto assets need to be globally coordinated.

Crypto exchange Binance and its founder and CEO Changpeng Zhao have been sued by the US Commodity Futures Trading Commission (CFTC) for"multiple violations".

Shares of crypto-related companies fell on Thursday, as Silvergate Capital Corp's collapse sparked a crisis of confidence in the industry.

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.

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

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.

The finance ministers of the G20 countries, which is a grouping of developed and developing nations, will participate in the two-day meeting of G20 finance ministers and central bank governors (FMCBG) beginning February 24.

Nirmala Sitharaman also thanked IMF for the support that it had been providing to the G20 Indian presidency on various work streams under the G20 FinanceTrack.

Cryptocurrencies have no intrinsic cashflows to them and the latest collapse of the crypto exchange FTX exposes the vulnerabilities in such investments, the Economic Survey document for 2022-23 tabled on Tuesday said.

The police in Maharashtra's Jalna district received 101 complaints in one day claiming loss of nearly Rs 300 crore in connection with a cryptocurrency scam, said an official today.

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.

Even a couple of days before the industrially quaky year of 2022 ends, news and warning around crypto crimes have made it to the headlines. This week, the private API details of around 100,000 users of 3Commas were leaked online leading to millions in loss. The attack was in operation since October.

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

Mazars, the auditing firm working with major cryptocurrency exchange Binance, has paused all work for clients in the crypto industry, news outlet Coindesk reported on Friday, citing an emailed statement from Binance.

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.

Union Finance Minister Nirmala Sitharaman on Thursday said that there was a greater acceptance among Group of 20 (G20) member countries that any new regulations on crypto assets need to be globally coordinated.

Crypto exchange Binance and its founder and CEO Changpeng Zhao have been sued by the US Commodity Futures Trading Commission (CFTC) for"multiple violations".

Shares of crypto-related companies fell on Thursday, as Silvergate Capital Corp's collapse sparked a crisis of confidence in the industry.

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.

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

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.

The finance ministers of the G20 countries, which is a grouping of developed and developing nations, will participate in the two-day meeting of G20 finance ministers and central bank governors (FMCBG) beginning February 24.

Nirmala Sitharaman also thanked IMF for the support that it had been providing to the G20 Indian presidency on various work streams under the G20 FinanceTrack.

Cryptocurrencies have no intrinsic cashflows to them and the latest collapse of the crypto exchange FTX exposes the vulnerabilities in such investments, the Economic Survey document for 2022-23 tabled on Tuesday said.

The police in Maharashtra's Jalna district received 101 complaints in one day claiming loss of nearly Rs 300 crore in connection with a cryptocurrency scam, said an official today.

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.

Even a couple of days before the industrially quaky year of 2022 ends, news and warning around crypto crimes have made it to the headlines. This week, the private API details of around 100,000 users of 3Commas were leaked online leading to millions in loss. The attack was in operation since October.

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

Mazars, the auditing firm working with major cryptocurrency exchange Binance, has paused all work for clients in the crypto industry, news outlet Coindesk reported on Friday, citing an emailed statement from Binance.