Search results: supreme court

ICICI blocks crypto transfers as South Korean banks are to report crypto crime.

ICICI bank, one of India’s largest lenders, has warned its customers against using its international remittance services for transferring any form of cryptocurrency, the Bharat Express reports. Fast facts The Industrial Credit and Investment Corporation of India recently made an amendment to an international remittance form compelling customers to declare: “The above remittance is NOT […]

A Shanghai procuratorate has held a seminar gathering judges, police, procurators and scholars to discuss how crimes related to cryptocurrency fit into China’s current legal framework. Fast facts The procuratorate said in a post on Monday that there had been confusion as to how to categorize cryptocurrencies. Some consider them data, while others regard them […]

Crypto investment in India has grown from about US$200 million to nearly US$40 billion in the past year, driven in large measure by demand among young investors.

Crypto literacy of Indian regulators is evolving and crypto players are trying to keep industry clean via self-regulations, says Nischal Shetty of WazirX.

The Indian government and leading industry stakeholders are reviewing elements of legislation that proposed a ban on cryptocurrencies.

India’s central bank has clarified that cryptocurrencies are not illegal, but that does little to prevent lenders from refusing to provide crypto-related services.

Despite regulatory uncertainty over cryptocurrency trading in India, some of the world’s largest crypto exchanges are looking to enter the market.

Crypto exchanges in India have partnered with the Internet and Mobile Association of India to form a self-regulatory body.

Other top blockchain and crypto news: Thailand’s SEC tries to rein in DeFi via regulation. Will China’s future DCEP digital yuan offer smart contracts?

WazirX launched the country’s first NFT marketplace on Tuesday, featuring artists from India and other South Asian nations.

Thailand becomes one of the first governments to attempt DeFi regulation as India’s RBI clarifies that banking ban no longer exists.

India’s central bank has said that banks and other finance sector businesses should not adhere to a prohibition it imposed on lenders dealing in cryptocurrencies.

A dispute over a Bitcoin mine’s environmental impact leads to a push to ban crypto mines in New York state. Will other places follow Albany’s lead?

It’s only a matter of time that digital currency ‘is going to overshadow all the other forms of money,’ says Neeraj Khandelwal of CoinDCX.

Singapore’s DBS Private Bank has announced the launch of Asia’s first bank-backed trust offering for cryptocurrencies. The service, operated via the lender’s wholly-owned licensed trust subsidiary, DBS Trustee, allows clients to invest, custodize and manage their digital assets. The service will handle only those cryptocurrencies hosted on the DBS Digital Exchange — Bitcoin, Ether, Bitcoin […]

Cryptocurrency investment in India has reportedly slowed to a trickle as both investors and cryptocurrency exchanges grapple with banks’ refusal to accept digital currency transactions. Despite the face-off, industry executives are hopeful that banking support will resume soon, according to a report by Moneycontrol. As reported by BloombergQuint, most crypto exchanges, including WazirX, CoinDCX, Zebpay, […]

National Payments Corporation of India refuses to ban cryptocurrency trading, putting decision on whether to block trades in hands of lenders. India’s national payments authority has handed banks the responsibility for deciding whether or not to ban cryptocurrency trading. The National Payments Corporation of India has advised lenders across the country to impose bans on […]

India’s cryptocurrency exchanges are calling on local banks not to block their transactions. Cryptocurrency exchanges in Mumbai are reportedly struggling with payment gateways and banks, which they accuse of blocking their transactions by citing an old Reserve Bank of India (RBI) policy to ban digital currency dealings. They claim the policy had been struck down […]

In new court filings, the SEC says allowing XRP holders’ to join SEC v. Ripple lawsuit as third-party defendant would cause delays and ‘sow chaos.’

Tailwind of legal wins propel XRP’s market cap past US$70 billion as Ripple CEO and chairman ask court to drop SEC’s charges against them.

As Ripple and SEC intensify their legal battles, attorney John Deaton and his clients are trying to jump into the fray. Will XRP investors get their day in court?

Starting today, India’s crypto firms must report all cryptocurrency transactions to the government. What does this mean for India’s proposed crypto ban?

As debate rages over whether India should ban private cryptos in favor of a central bank digital currency, a case could be made that India needs both.

What will be hot in blockchain next year, and what will be the curveballs? Forkast.News consults top industry leaders and thinkers to bring you a crystal ball.

In this edition of Forkast Forecasts, the co-founder and CEO of CoinDCX offers his views on the growth of crypto in India, regulation and CBDCs.

Now that India no longer has a crypto banking ban, what are Indian attitudes toward cryptocurrency? CoinDCX surveys 11,000 people for answers.

India’s cryptocurrency ban rumor mill will surely rev up again when lawmakers meet for winter session. The CEO of Unocoin explains the worries.

India is now a vibrant cryptocurrency hub, but its future remains uncertain. Sathvik Viswanath of Unocoin explains what’s holding back the nation of 1.3 billion.

More top news: Wounded Unikr settles with SEC for $6.1 million. China’s nationwide blockchain service network launches ‘public permissioned’ chain.

SEC’s crackdown comes as more states permit online gambling, putting a further squeeze on the company once backed by celebrities like Ashton Kutcher.

Regulatory uncertainties over crypto — coupled with Indians’ tendency not to rebel — have prevented decentralized finance from taking off in India despite the unbanked’s tremendous needs, says Siddharth Verma of Nuo Network.

Ripple recently laid out a framework for India to legalize crypto through regulations. But does the Indian government have the incentives and will to do so?

The US is gold standard for global financial regulations. But if US does not get its act together over crypto, other nations will emerge as leaders in this growing space.

India’s cryptocurrency market has vast potential — what’s holding it back? A continued lack of regulatory clarity as well as crypto education, says CoinDCX co-founder Neeraj Khandelwal.

Will India ban crypto? Regulatory uncertainty is causing nation to miss out on economic benefits. Smart regulations, says Ripple, may provide a way forward.

India could reap greater economic growth, cut down on corruption and more if it adopts a more progressive stance on cryptocurrency. A leading role in Asia is New Delhi’s for the taking.

White paper by global blockchain payment platform urges Indian lawmakers to make cryptocurrency legal while providing mechanisms to root out bad actors.

Other top news: Chinese high schoolers cram-studying bitcoin mining. Blockchain-powered lotteries in Cambodia. Startups in India, Singapore and UAE.

India and DeFi could be headed for a symbiotic relationship — unless the government cracks down on crypto again and forces a breakup.

What’s up with South Korea’s new blockchain regulations? And where is bitcoin now legal tender? (Mai oui!) Other headlines around the world: a storm over STEEM, the new Baseline protocol for privacy, HTC’s Exodus 5G Hub, and how the coronavirus has affected blockchain firms in China.

The uncertain legal status of cryptocurrencies is under the microscope in India.

Public support in India is strong for cryptocurrency ownership. But regulators’ blanket ban may lead to a gray market, increasing the chances of fraud.

Facing mounting uncertainty surrounding Britain’s looming departure from the European Union, the British pound has experienced a period of considerable turbulence. As is commonplace with fiat currencies, political events often have a substantial impact on the value of the pound sterling (GBP). Recent developments in British politics are no exception. Recently on Sept. 24, the […]

The world of insider trading as relates to cryptocurrency — what are the rules that govern trading crypto, in the eyes of the SEC, CFTC, and the like? Forkast.News Editor-in-Chief, Angie Lau sits down with attorney and partner, Jason Gottlieb, at NY-based Morrison Cohen law firm to discover the in’s and out’s of trading. Listen […]

Initial coin offerings (ICOs), initial exchange offerings (IEOs), and security token offerings (STOs) are a worldwide phenomenon. After all, a coin or token that has no physical existence apart from some computer code can be easily sent around the world to anyone with an internet connection with a few clicks of a keyboard.   While the […]

Key Highlights The Kik case is the first case that the SEC has brought in litigation that has been contested by the company where there are no allegations of fraud “The SEC has made clear that virtually all ICOs are going to be treated as offerings of securities.” Even if a company is offering ICOs […]

Edited June 23, 2019 Key Highlights Dec. 9, 2018 — Gerald Cotten QuadrigaCX CEO dies of complications from Crohn’s disease while in India. Dec. 10, 2018 — Jaipur Police release NOC (No Objection Certificate) to Cotten’s widow, allowing her to return to Canada with the body of her husband. Jan. 2019 — QuadrigaCX announces CEO’s death. It […]

How can we claim to own something that falls outside traditional categories of personal property? In this second installment in a 3-part series looking at the U.K. digital asset industry, Law Commissioner for England and Wales Sarah Green explains how.

China’s top legal authority issued a commentary on Monday about the risks and potential in NFTs, highlighting the need for legislation.

China’s Blockchain-based Service Network wears two hats in building blockchains: one for business in China and one for everywhere else, but it doesn’t see a role for crypto in either.

U.S.-based cryptocurrency exchange Coinbase has been hit with a class action lawsuit last week over claims the firm allegedly failed to properly secure customers’ accounts, leaving them vulnerable to unauthorized activity. See related article: Coinbase under investigation by SEC, quarterly report reveals Fast facts Filed in the U.S. District Court for the Northern District of […]

High taxes and lack of support from traditional finance make it difficult for smaller crypto operators to survive in India, a senior executive at one of the country’s largest crypto exchanges said.

Top blockchain and crypto news: Market contagion hits crypto. Ethereum developer pays price for bad Korea move. China whacks more crypto miners.

Top blockchain and crypto news: Bitcoin buzz in Malaysia. Yuga Labs teases Otherside. Blockchain verdict in China.

Several cryptocurrency payment methods exist around the world, but new service is the first major one of its kind in India.

China maintains crypto market pressure. On the other hand, J-Pop stars offer NFT advice.

Rising Bitcoin prices have inspired a wave of crypto-related Ponzi schemes, fraudulent giveaways and other scams around the world — especially in China.