IMF chief economist Gita Gopinath bats for global standards for regulating cryptocurrencies
Mumbai/IBNS: A complete ban on cryptocurrency may be difficult to impose and coordinated global action for regulating them would be the right thing to do, the chief economist of the International Monetary Fund (IMF) said Thursday.
Govt will not ban but regulate all private cryptocurrencies: Report
New Delhi/IBNS: The government has suggested regulating rather than banning the private cryptocurrency while maintaining that it will not be recognised as a legal tender in India.
Govt working on a new bill on cryptocurrency: Sitharaman tells Rajya Sabha
New Delhi/IBNS: The government is working on a new bill on cryptocurrency and it will be presented before the Union Cabinet soon for approval, Finance Minister Nirmala Sitharaman told the Rajya Sabha on Tuesday.
IMF cautions El Salvador against using bitcoin as legal tender
Washington/IBNS: The International Monetary Fund (IMF) has said El Salvador should stop using bitcoin as legal tender due to its high price volatility and consequent risks to consumer protection.
Crypto markets fall as govt readies to pass bill to bar pvt cryptocurrencies
New Delhi/IBNS: The crypto markets fell sharply in India after the news of the government introducing a Bill to prohibit all private cryptocurrencies in the Parliament, leaving a few in order to "promote the underlying technology of cryptocurrency and its uses".
Centre mulls over change in tax laws to tax cryptocurrency gains in India
Mumbai/IBNS: The Centre is mulling on bringing changes under the tax laws to tax gains from cryptocurrency in the southeast Asian nation.
Invesco delays launch of blockchain mutual fund over regulatory uncertainty
Mumbai/IBNS: Invesco Mutual Fund (MF) has decided to hold the launch of its first-in-India blockchain fund because of regulatory uncertainty.
Govt may permit crypto as an asset, not as currency: Report
New Delhi/IBNS: The government is currently in the process of framing laws on cryptocurrency after concerns were raised over unregulated crypto markets and how they can be prevented from becoming avenues for money laundering and terror financing. The new laws may not allow the use of cryptocurrencies to settle transactions or make payments but may allow people to hold them as assets like shares, gold or bonds, ET reported citing sources.
Far deeper issues involved in cryptocurrency, RBI has serious concerns: Shaktikanta Das
Mumbai/IBNS: Reserve Bank of India (RBI) Governor Shatikanta Das has reiterated that it has serious concerns over cryptocurrency as "far deeper" issues are involved amid reports that the Centre is likely to table a cryptocurrency bill in the upcoming winter session of Parliament.
Mumbai/IBNS: The Securities and Exchange Board of India (SEBI) on Thursday prohibited investment advisors from advising on unregulated instruments, according to media reports.
Bitcoin price crosses $50,000 first time since May 15
Moscow/UNI/Sputnik: The price of the Bitcoin cryptocurrency was going up over 2.5 percent in the early hours of Monday, briefly surpassing the $50,000 mark.
ZebPay: A new platform for investors to earn returns on crypto holdings
Mumbai/UNI: ZebPay, a crypto-asset exchange firm, on Thursday announced the launch of its ZebPay lending platform that is defined as a crypto lending model in India.
Bitcoin nosedives by almost 12 pc
Washington/UNI: Bitcoin value fell by almost 12 per cent during the past 24 hours to trade at around USD 54,916 early on Sunday.
Bitcoin price touches more than 4 pc up, now surpassing $51,000
Moscow/UNI: The price of the Bitcoin cryptocurrency was growing over 4 percent in the early hours of Monday.
To Bitcoin skeptic's tweet, Elon Musk responds with eggplant emoji
New York/IBNS: A day after Elon Musk lost the top position on the list of world’s richest apparently triggered by his opinion on prices of Bitcoin and its smaller rival Ether, he dismissed a critical tweet of a bitcoin skeptic with a single emoji sign sending out a clear message that he would continue to lend his support to cryptocurrency.