Page 15 - Cryptocurrencies

G20 New Delhi declaration set to give India's crypto regulation a fillip

India would, however, follow the global consensus on crypto assets, which goes beyond G20

IMF, FSB to lay down crypto regulation framework for G20 discussion

On international taxation, the sources state that India under the G20 Presidency has recommended
a pillar taxation system on
international taxation

B20 summit: PM Modi calls for framework on crypto, ethical use of AI

Prime Minister Narendra Modi on Sunday called for a global framework on cryptocurrencies, and an ethical usage of artificial intelligence (AI). Addressing the B20 Summit India 2023, organised by CII here, the prime minister also called for observing 'International Consumer Care Day' once a year and switch over to 'green credit' from the current practice of carbon credit trading. Modi also said India has become the face of digital revolution in the era of Industry 4.0, and also holds an important place in building an efficient and trusted global supply chain. "There is a challenge associated with cryptocurrencies. In this matter maximum integrated approach is needed. I think there is a need for preparing a global framework which should take care of interests of all stakeholders," the prime minister said. Modi further said a similar approach is needed regarding AI. Making a strong pitch for focus on 'consumer care', he asked global businesses to consider observing 'International ...

Crypto exchange BitOasis raises funds from investors including CoinDCX

BitOasis earlier this year said it received the first of Dubai's "minimum viable product operational licenses," allowing it to offer broker-dealer services for digital assets to qualified investors

Coinbase gets approval to offer crypto futures to eligible US customers

Coinbase said it's received regulatory approval to bring federally regulated crypto futures trading to eligible customers in the US, sending shares sharply higher before the opening bell Wednesday. In June, the US Securities and Exchange Commission filed lawsuits against Binance and Coinbase, saying that the companies were in violation of the the law because they were operating as securities exchanges without registering with the agency. Coinbase said Wednesday that it had secured regulatory approval from the National Futures Association to operate as a futures commission merchant. The cryptocurrency exchange said that it filed its application with the association in 2021. Now that it has received approval, Coinbase says eligible US customers will be able to access regulated derivatives products through Coinbase Financial Markets, subject to the oversight of the Commodity Futures Trading Commission and the NFA. The company tweeted that it can now offers cryptocurrency futures ...

Crypto wrap: Market flat amid anticipation of another 25 bps hike by US Fed

Market data also showed that the volatility in Bitcoin has been low in the last seven days

EOW Odisha unearths crypto-ponzi scam worth Rs 1000 crore, 2 held

The Economic Offence Wing (EOW) of Odisha police has unearthed a pan-India cryptocurrency-based Ponzi scam worth more than Rs 1000 crore, a police official said on Monday

Crypto wrap: Market trading sideways as altcoins under selling pressure

On a positive note, the chances of a spot Bitcoin ETF being launched in the US this year have improved significantly, from 50% to 65% as per Bloomberg Intelligence

Crypto exchange CoinSwitch lists holdings after its second POR report

This signifies that the company maintains a holdings ratio of 1:1 or more, meaning that it holds all user assets and fiat balances

Bitcoin drops below $29,000 for the first time in over a month: Report

The largest digital-asset by market value fell as much as 4.2% to $28,865, the least since June 21

Over half of Indian crypto investors in for long term: WazirX survey

In the age group of 18-30 years, 40% of respondents said they have invested more than Rs 40,000 in digital assets

Sam Altman's Worldcoin token soars on first day of trading: Report

Worldcoin, Altman's eyeball-scanning crypto project which officially launched on Monday, uses a small device called an "orb" to scan people's eyeballs in order to generate a a unique digital identity

Bankrupt FTX sues former CEO Sam Bankman-Fried to recover over $1 billion

FTX said that the defendants continually misappropriated funds to finance luxury condominiums and other "pet projects", while committing "one of the largest financial frauds in history"

The grey zone of digital currency

Sundeep Khanna's book is an up-to-the-minute and competently written chronicle of how India interacts with virtual assets

VC firm CoinFund raises $158 mn to back early-stage crypto startups

The New York-based firm had initially aimed for $125 million, but received more interest than expected, said Chief Executive Officer Jake Brukhman

G20 meeting discusses cryptocurrencies, regulatory framework for them

Finance Minister Nirmala Sitharaman on Tuesday said the issue of cryptocurrencies was discussed at a key G20 meeting here to make a comprehensive, cohesive and coordinated global policy and regulatory framework for these digital assets. She said members of Group of 20 or G20, an intergovernmental forum of the world's major developed and developing economies, reaffirmed their commitment to enhance international economic cooperation. Sitharaman was speaking to the media after the end of the 3rd G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Gandhinagar. At the meeting, G20 Finance Ministers and Central Bank Governors pledged to prioritize the well-being of people and the planet and reaffirmed their commitment to enhancing international economic cooperation, strengthening global development for all and steering the global economy towards strong, sustainable, balanced and inclusive growth (SSBIG), she said. The issue of cryptocurrency was also discussed to make a .

G20 FSB releases global guidelines for crypto firms to safeguard investors

"As recent events have illustrated, if linkages to traditional finance were to grow further, spillovers from cryptoasset markets into the broader financial system could increase," the FSB said

CoinDCX appoints Rajnish Vedi as the new head of customer experience

Rajnish Vedi will work towards improving the net promoter score (NPS) and customer satisfaction score (CSAT) by building seamless customer journeys, and transparent customer communication

Despite market volatility, 36% increase crypto allocations: Binance survey

A minority (17.3%) decreased their crypto allocation. Unsurprisingly, the main concerns of survey participants are regulatory risk (29.7%), counterparty risk (21.6%), custody of assets (15.7%)

CoinDCX partners with KoinX to allow crypto tax tracking on its platform

CoinDCX also said that it anticipates a 'significant' number of users benefiting from KoinX's tax assistance services