Lens
Crypto Trading and Strategies
In facing a government hostile to cryptocurrency trading, Indian exchanges are trying to attract new business with suites of different investment products.
Pradipta Mukherjee
Regulatory News
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have jointly sought public comments to amend crypto rules for large hedge funds advisers. See related article: New US crypto bill seeks to make CFTC top Bitcoin, Ethereum watchdog Fast facts The CFTC and SEC are jointly proposing to amend the rules […]
Pradipta Mukherjee
Bitcoin News
The new payments system will allow faster payments of bills, paychecks and other transfers around-the-clock instead of days. See related article: Fed issues guidelines for crypto banks to enter central banking system Fast facts The U.S. Federal Reserve expects to launch the payments system between May and July of 2023, after a testing phase beginning […]
Pradipta Mukherjee
DeFi News
Despite the Indian government’s hostility towards cryptocurrencies, the CoinDCX exchange says more traditional financial products will shift to DeFi platforms.
Pradipta Mukherjee
Regulation
The city-state hosted a seminar with a title that it hopes sums up its crypto approach: “Yes to digital asset innovation, No to cryptocurrency speculation.”
Pradipta Mukherjee
Regulation
Thailand’s oldest lender SCBX Pcl has announced it is withdrawing from an earlier decision to purchase a 51% stake in the crypto exchange Bitkub for US$500 million, citing regulatory issues. See related article: Thailand’s central bank to get more power in crypto regulation overhaul: report Fast facts In a statement addressed to the Stock Exchange […]
Pradipta Mukherjee
Regulation
India’s Enforcement Directorate (ED) has searched five premises connected with cryptocurrency company CoinSwitch on alleged money laundering charges, according to a media report. See related article: India’s WazirX says it has no-tolerance policy on illegal activities Fast facts The country’s central agency fighting financial crime conducted searches at residences of CoinSwitch directors and the official […]
Pradipta Mukherjee
Regulation
The Federal Deposit Insurance Corporation (FDIC), one of the two federal agencies insuring savings in American depository institutions, has sent cease-and-desist letters to five companies, including FTX.US, for making false statements about deposit insurance. See related article: FDIC clarifies that cryptocurrencies are not insured Fast facts In a press release, the FDIC said it has […]
Pradipta Mukherjee
Regulation
Indian crypto exchange Bitbns said on Thursday that withdrawals in Indian rupees (INR) have been delayed as law enforcement officers have blocked its bank account. See related article: India authorities freeze Vauld exchange’s assets worth $46.5 mln Fast facts “If a cybercrime case is raised for say even an amount of 10,000 Indian rupees (US$125), […]
Pradipta Mukherjee
Regulation
India’s Enforcement Directorate is investigating at least 10 cryptocurrency exchanges for alleged money laundering, according to The Economic Times
Pradipta Mukherjee
