Skip to main content

The Reserve Bank of India Must Collaborate to Properly Regulate or Ban Crypto

The Reserve Bank of India wants to ban or limit crypto but it is Effective only with Significant International Collaboration.

The Reserve Bank of India Must Collaborate to Properly Regulate or Ban Crypto.jpg

India's Finance Minister Nirmala Sitharaman expressed in a speech at the Lok Sabha lower house of India's bicameral Parliament that crypto is a danger to international regulatory arbitrage and that it should be banned On Monday.

Thirumavalavan Thol a Parliament Member asked the finance minister whether the Reserve Bank of India has recommended framing suitable laws to restrict the use of cryptocurrency in India and whether the government has any plan to a law restricting the use of cryptocurrency in India.

Read full news at : https://cryptounity.news/the-reserve-bank-of-india-must-collaborate-to-properly-regulate-or-ban-crypto

Comments

Post a Comment

Popular posts from this blog

StarkWare is built into a unique ZK-Rollup Snap by MetaMask

  StarkNet is not yet natively compatible with MetaMask because it uses a different address and account structure than Ethereum this is not EVM compatible with the first-ever Layer 2 snap that makes ZK rollup compatible users now have better access to a permissionless decentralized network for quick cheap applications. We made a StarkNet dApp that lets users install the snap as well manage and add tokens that are based on StarkNet snap lets you manage StarkNet assets by making StarkNet keys from your MetaMask secret Recovery Phrase without having access to your MetaMask information. Read full news at:  http://cryptounity.news/starkware-is-built-into-a-unique-zk-rollup-snap-by-metamask
Post a Comment
Read more

Jack Dorsey's decentralized Bitcoin exchange published whitepaper

It’s no decentralized exchange in the most accurate sense of the word, but a peer-to-peer token swap platform under the oversight of Square. Jack Dorsey, co-founder, and CEO of both Square and Twitter published a white paper Friday detailing plans for Square’s decentralized Bitcoin(BTC) exchange tbDEX. Unlike most decentralized exchanges or tbDEX, DEXs will not utilize an untrustworthy model and hence will not feature their own governance token. instead, it is a message protocol designed to facilitate trust relationships without depending on a federation to control access. Read full story on  http://cryptounity.news/jack-dorseys-decentralized-bitcoin-exchange-published-whitepaper
Post a Comment
Read more

Crypto market in India tumble following the government bill announcement

 Regulatory discussions in India over the crypto ban caused panic selling on major crypto exchange WazirX, resulting in massive price drop on leading cryptocurrencies including Bitcoin and Ether. The Indian cryptocurrency market crashed soon as the parliament announced to introduce and list 26 new bills in the Winter Session, which included the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021. The bill seeks a legislative vote on creating an official digital currency while imposing a ban on all private cryptocurrencies. Read full story on http://cryptounity.news/crypto-market-in-india-tumble-following-the-government-bill-announcement
Post a Comment
Read more