Crypto regulation Financial News
21.02 / 04:25
crypto regulation
Russian authorities clash on plans for crypto regulation
The Bank of Russia has proposed banning cryptocurrency trading and mining due to the threat digital currencies pose to financial stability. The finance ministry disagrees and President Vladimir Putin has called on authorities to find a consensus. Finance Minister Anton Siluanov told state TV channel Rossiya-24 on Friday that he hoped disagreements could be ironed out and a bill regulating cryptocurrencies passed by the end of the year. He said the government would take the final decision.
13.02 / 06:21
crypto regulation
crypto tax
Crypto community high on hopes after positive signals from India, Russia govts
crypto, players in India and across the globe are high on hopes over the new-age asset class. They are expecting that two major nations — India and Russia — have stepped ahead for the legitimisation of the crypto assets, and more major economies may join the forces soon. However, India has made it clear that the legitimate or illegitimate are separate questions and the government is simply taxing the gains from the crypto transactions, which is its sovereign right.
02.02 / 07:07
RBI
crypto regulation
Cryptocurrency and Budget 2022 – Everything you need to know
The Digital Rupee, which is supposed to be India’s first Central Bank Digital Currency (CBDC) project, will be a digital form of the rupee – one that will be completely regulated and monitored by the central government. But if you are unsure what CBDCs mean, CoinSwitch Kuber brings the much-needed clarity on it. Such currencies usually have the full faith and backing of the issuing authority. Hence, the Reserve Bank of India will remain the guarantor of the Digital Rupee, just as it is for regular notes and coins.
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