Russian regulator Roskomnadzor institutes a block on Cointelegraph’s website in the Russian Federation. Cointelegraph’s website has become widely inaccessible in Russia as authorities added the domain to a registry of blacklisted sites. The blacklist Although Cointelegraph has been publicly on a list of blocked sites since 2017, it was only yesterday, October 16, that the…
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The Federal Reserve’s Lael Brainard says Libra could pose risks to consumers due to ambiguity over their rights. A member of the Federal Reserve’s Board of Governors has said that Facebook’s Libra could pose risks to consumers due to a lack of clarity over their rights with respect to the token’s underlying assets and to…
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The deputy governor of Banque De France said that central banks really only have three available options to address cryptocurrencies: ignore, ban or adopt. Denis Beau, the deputy governor of France’s central bank, Banque De France, recently delivered comments regarding central banks’ approaches to cryptocurrencies. Establish appropriate cryptocurrency regulations On Oct. 16, Beau spoke at…
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TON was hurtling toward public release until the SEC stopped it dead in its tracks. Here is everything known about the project so far. In just the last few months, the entire landscape of the crypto industry has changed. Innovation once came from within, with a number of early influencers earning god-like status among the…
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The U.S. Securities and Exchange Commission once again begins accepting comments regarding the updated Bitcoin exchange-traded fund proposal by Wilshire Phoenix. The United States Securities and Exchange Commission (SEC) has once again begun accepting public comments regarding the updated Bitcoin (BTC) exchange-traded fund (ETF) proposal by Wilshire Phoenix Fund. According to the official document published…
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Can a DEX be fully exempt from regulations in the current landscape, and what does it take to be free in the world of crypto? Earlier this week, British-American entrepreneur John McAfee, who is currently living “in exile” due to tax-related charges filed against him by the United States authorities, launched his own decentralized exchange…
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With government regulations becoming more stringent, crypto businesses are coming together to form self-regulating bodies for the industry. Self-regulation is once again a trending topic in the cryptocurrency landscape as major exchange platforms have announced the creation of self-regulated organizations (SROs) to achieve some standardization in digital currency governance. Government regulators across various jurisdictions continue to…
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The U.S. House Financial Services Committee invites Facebook COO Sheryl Sandberg to testify on the condition that CEO Mark Zuckerberg follows suit by January. The United States House Financial Services Committee has reportedly invited Facebook COO Sheryl Sandberg to testify on Oct. 29 about the company’s plans for its Libra stablecoin. According to a report…
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Indian police have sought a court directive to move $1.2 million seized from a BTC ponzi scheme last year that has been frozen due to the country’s anti-crypto laws.
The police of Pune, a city in the western Indian state of Maharashtra, have sought a court’s directive to transfer 85 million Rupees seized from a Bitcoin (BTC) ponzi scheme last year.
In an Oct. 3 article by the Times of India, Pune cyber police explained that the value of 244 cryptocurrency units (worth $1.2 million) was blocked in the bank account of company Discidium Internet, which was hired by the police to convert the seized crypto units into rupees.
The cyber police’s senior inspector Jairam Paygude said that the Central Bank of India was unable to transfer the money to the State Bank of India’s treasury branch in Pune as the account of Discidium Internet was frozen by the Reserve Bank of India (RBI).
Discidium Internet is challenging the validity of RBI’s order, which prohibits dealings in virtual currencies and has requested that the RBI instruct the Central Bank of India to unfreeze the account.
The district government pleader Ujjwala Pawar said that the police request to transfer the money is pending before the sessions court.
Cointelegraph previously reported that the Indian draft “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019”, which proposes a 10-year prison sentence for anyone who “mines, generates, holds, sells, transfers, disposes of, issues or deals in cryptocurrencies,” is already prompting local crypto businesses to take preemptive measures. Rahul Jain said:
“As a startup from India, we always wanted to serve from India, but this recent complication has made it difficult for domestic crypto exchanges to operate their businesses in India. So, we are now an Estonia-based company, and any Indian law to criminalize crypto will not impact us.”
Senior members of the House Financial Services Committee asked the Federal Reserve whether there are plans for launching a U.S. dollar digital currency. Members of the United States House of Representatives Financial Services Committee asked the Federal Reserve whether there are any plans of launching a U.S. dollar digital currency. Fed has the mandate to…
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