Hong Kong’s Treasury Secretary says the government is right to pursue restrictive crypto regulations in the city. Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury has defended the recent proposal by the city’s Financial Services and the Treasury Bureau to ban retail crypto trading. In a speech delivered at StartmeupHK virtual fintech…
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The Securities and Exchange Commission of Nigeria says it is working with the central bank to create a legal framework for cryptos and digital assets. Lamido Yuguda, the director-general of Nigeria’s Securities and Exchange Commission has said the central bank’s crypto ban has caused significant disruptions to the market. According to a report by The…
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No blanket ban on the horizon, with an open “window” for experimentation in India, says Nirmala Sitharaman. Yet another “crypto ban” turns out to be temporary FUD. In an interview with CNBC this morning, Indian Finance Minister Nirmala Sitharaman said that reports of a blanket ban on cryptocurrencies are overstated. While negotiations are ongoing, she…
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A cross-section of Nigerian senators have reacted to the recent Bitcoin ban enacted by the country’s central bank. As previously reported by Cointelegraph, the Central Bank of Nigeria issued a circular banning banks from servicing crypto exchanges. Reacting to the news during the Thursday plenary session, Senator Sani Musa of the Niger East Senatorial District remarked:…
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Government officials may be planning to introduce the law potentially banning crypto “within a month” of the ordinance clearing. The Indian government may be taking a legislative shortcut to pass a bill recently proposed to regulate digital currencies in the country. According to a report from news outlet CNBC-TV18, the Indian government may take the…
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The CEO of CoinSwitch shares his insights about the possibility of a cryptocurrency blanket ban in India. News about the Indian Ministry of Finance circulating a “note” for inter-ministerial consultations of cryptocurrency regulations spurred panic within the Indian crypto community. Worries about the 2019 draft bill proposing a blanket ban of cryptocurrencies and possible 10…
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