The new budget proposal also involves a blockchain pilot for vehicle registrations.
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Category: Regulation News
India to set maximum penalty for violating crypto norms at fine of $2.7 million or 1.5 years in jail
The country wishes to see all crypto activities take place on platforms regulated by SEBI.
Alexandria Ocasio-Cortez says US lawmakers shouldn’t hold crypto to ‘remain impartial’
“I want to do my job as ethically and impartially as I can,” said AOC, who added that as a member of the House of […]
Smart crypto policy could keep India’s tech dominance on top
Experts are fairly confident that the Indian government will most likely choose to regulate rather than ban its thriving crypto economy.
Russia’s largest bank struggles to register its digital asset platform
State-owned bank Sber is trying to launch digital asset tools, but regulators remain skeptical about the industry.
Gibraltar’s government plans to bridge the gap between public and private sectors with blockchain
Officials have already started digitizing government services on the smart contract network RSK, but plan to step up work on the integration in early 2022.
Crypto tumblers, exchanges under microscope as DOJ launches new task force
Under the pretext of holding corrupt actors accountable, the new task force will address crimes related to the criminal misuse of cryptocurrency.
Japan’s financial regulators may propose legislation in 2022 restricting stablecoin issuance
The move comes as the Bank of Japan wants to roll out a digital yen CBDC by the end of next year.
Law Decoded: Bitcoin exchange-traded funds are put on the spot again, Nov. 29–Dec. 6
The Securities and Exchange Commission’s continued resistance to spot Bitcoin ETFs draws industry players’ ire.
Bank of International Settlement calls the rise of decentralized finance ‘an illusion’ in latest quarterly review
Even though the total value locked in DeFi protocols has eclipsed $246 billion, it was not enough to please the BIS.