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New Government Report From India Casts Positive Light on Crypto
A fresh report from the Indian government reveals a surprisingly positive stance on cryptocurrencies. Specifically, the report discusses the technical mechanisms underpinning crypto, and how India should regulate coins and tokens.  Indian government report highlights positive aspects of crypto This comes as there is mounting uncertainty over the status of cryptocurrencies in India. Indian authorities have recently been pushing for a potential ban of crypto in the world’s most populous…
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China Aims to Replace Cash with Two-Tiered Digital Currency, Says New Binance Report
A fresh research report from the major cryptocurrency exchange Binance speculates over details on China’s upcoming digital currency. Specifically, Binance suggests that the digital currency will most likely have a “two-tier” system. As such, this system could replace the fiat paper notes and coins currently in circulation. China’s digital currency will reportedly come with 1:1 fiat backing This report was released yesterday. Furthermore, it delivers some interesting insights on the…
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Switzerland Visit Fails to Quiet US Regulators’ Crypto Concerns
Lawmakers from the United States have recently visited Switzerland. Part of the goal of the journey was to help American lawmakers quell their concerns over Facebook’s cryptocurrency, Libra. However, it is now clear that the trips did not solve all worries. Switzerland visit did not quell concerns over Libra Specifically, Representative Maxine Waters – known for urging Facebook to halt Libra development – recently made an official statement. Waters notes…
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India’s Supreme Court Seemingly Supports Crypto, Gives Central Bank 2 Weeks to Justify Crypto Ban
India’s Supreme Court has just released a statement criticizing the country’s central bank. Specifically, the Reserve Bank of India is being criticized for how it has handled the country’s cryptocurrency ban. Moreover, the central bank has now been given just two weeks to address complaints over the crypto ban. India’s Supreme Court orders RBI to justify crypto ban This news came in the latest session of several hearings, detailing the…