Unwise to ban all cryptocurrencies: ORF report

New Delhi: With an estimated 15 million Indians holding digital currencies, cryptocurrencies need to be regulated like any other financial asset and it would be unwise for India to ban private crypto assets when it has the ability to redeem it. A study released by the Observer Research Foundation (ORF) gave this information on Tuesday. … Read more

Bitcoin Steps Up After Brutal Black-Friday Sales

by Vildana Hajrik Bitcoin is making a comeback on Monday along with other riskier assets, bouncing back from its Black-Friday lows. The largest digital asset gained 3.4% to around $58,266 during the session. Other coins also posted a snap-back, with the Bloomberg Galaxy Crypto Index rising 5.5% at one point. So-called alternative coins such as … Read more

Crypto regulations are required to avoid systemic risks. But how we classify them matters

In my view, cryptos are the fastest wealth creators in the history of mankind, creating $2-$3 trillion in the 10 years since bitcoin was launched in 2009. Today, it is one of the most talked about asset classes – or should I say an enigma. To use this asset and enjoy its benefits as part … Read more

Crypto may be allowed as an asset, not a currency

The government is unlikely to close the door on cryptocurrency and instead take a more nuanced approach. They cannot be allowed as currency to settle transactions and make payments, but they can be held in the form of assets such as shares, gold or bonds. People with knowledge of the matter told ET that active … Read more

Crypto may be allowed as an asset, not as a currency; the law is being finalized

The government is unlikely to close the door on cryptocurrency and instead take a more nuanced approach. They cannot be allowed as currency to settle transactions and make payments, but they can be held in the form of assets such as shares, gold or bonds. People with knowledge of the matter told ET that active … Read more

Crypto exchanges want the government to define different crypto assets

Crypto exchanges are lobbying for a definition of different types of crypto assets, while the government is looking to introduce a cryptocurrency bill in parliament this budget session, people with direct knowledge of the matter said. The current plan of the government includes creating a comprehensive framework around crypto assets that will make them legally … Read more

Crypto exchanges want the government to define different crypto assets

Crypto exchanges are lobbying for a definition of different types of crypto assets, while the government is looking to introduce a cryptocurrency bill in parliament this budget session, people with direct knowledge of the matter said. The current plan of the government includes creating a comprehensive framework around crypto assets that will make them legally … Read more