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.
India's crypto sector saw a major boost after its Supreme Court ruled to lift a ban on crypto trading, paving the way for more blockchain development.
The uncertain legal status of cryptocurrencies is under the microscope in India.
Blockchain has had an interesting, albeit slightly paradoxical journey in India. On one hand, the technology itself has seen great support from the startup ecosystem as well as the Government. On the other hand, cryptocurrencies have faced huge regulatory hurdles in India, such as the Reserve Bank of India (RBI) issuing a directive to ring-fence regulated entities like banks from the risk of trading virtual assets.
Public support in India is strong for cryptocurrency ownership. But regulators' blanket ban may lead to a gray market, increasing the chances of fraud.