Now that the Reserve Bank of India’s banking ban on cryptocurrencies has been lifted by a recent Supreme Court decision, there is reinvigorated interest in bitcoin within the South Asian nation. Exchanges can reconnect to banking institutions and offer the support they formerly did to their customers.…
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By XcelToken on The CapitalA whistle-blower has revealed the existence of a 200-employee Ukrainian Bitcoin (BTC) trading scam that netted $70 million in 2019.The whistle-blower outed the scam by providing footage and internal company documents to Swedish newspaper Dagens Nyheter, which reported the news on March 1.The scam predominantly targets…
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The Reserve Bank of India is reportedly planning to file a review petition on the Supreme Court's crypto ruling earlier this week. A lawyer told The Block that the RBI indeed has an option under law to file a review petition, but "grounds for review are generally…
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Quick Take Major banks in India have not yet begun servicing crypto exchanges after the Supreme Court’s ruling earlier this week. Shekhar Bhandari, president of global transaction banking at Kotak Mahindra Bank, told The Block: “We will be guided by the Reserve Bank of India’s (RBI’s) directions…
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The central banks of the world are scrambling to keep their economies from collapsing as Coronavirus fears spread quicker than the virus itself. Yesterday’s rate cut by the Federal Reserve is the first of many stimulus measures that could be a boost for cryptocurrency adoption. Cryptocurrency markets…
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Facebook’s Libra project is going through some changes because of regulatory problems. A Tuesday report from The Information suggests that the company will start supporting existing fiat currencies alongside the Libra token when it launches. Libra token no longer the focus When Facebook announced its plans to…
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With determination to be allowed and appear on the market, it seems Facebook Inc. and partners are considering redesigning the cryptocurrency project Libra. Photography Image Facebook considered reforming Libra to win over regulators For the Libra network to be adopted, to attract reluctant global regulators, Facebook was…
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The US Federal Reserve (FED) has decided to cut interest rates in urgent action to protect the world’s largest economy from the negative impact of the spread of the Coronavirus. Bitcoin price was also marginally affected, with a drop of nearly 2% in the past 24 hours,…
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The Supreme Court of India has taken down the Reserve Bank of India’s (RBI) controversial ban on banks’ dealings with... The post The Supreme Court of India lifts banking ban on crypto exchanges appeared first on LeapRate .
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Ukraine’s revenue agency has published guidance for taxpayers to report their digital assets holdings as intangible property, similar to intellectual... The post Ukraine taxpayers will now have to report cryptocurrencies appeared first on LeapRate .
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