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cryptocurrencies
Finance Ministry imposes money laundering provisions on cryptocurrencies and other digital assets
In a gazette notification, the Finance Ministry said the anti-money laundering legislation has been applied to crypto trading, safekeeping and related financial services. File
| Photo Credit: Reuters
The government has imposed money…
India’s money laundering rules to apply to crypto trade, says govt notification
India's money laundering laws will apply to trade in cryptocurrencies, the federal government said in a notification dated March 7.The exchange between virtual digital assets and fiat currencies, the exchange between one or more forms of…
Private cryptocurrencies will never replace fiat currency: Nandan Nilekani
Private cryptocurrencies will not replace fiat currencies, said Nandan Nilekani, cofounder and non-executive chairman of Infosys, on Friday. He said incidents like the “fall of cryptocurrency exchange FTX in the United States” have shown…
PayPal pauses stablecoin work amid regulatory scrutiny of crypto
PayPal Holdings Inc is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner on the project faces a probe by the New York State Department of Financial Services, Bloomberg News reported on…
Cryptocurrencies Fall Amid Concern Over Regulatory Crackdown
The decline in cryptocurrencies gained momentum Thursday as signs of a regulatory crackdown on the industry and a broader pullback from risk assets weighed on investor sentiment. Bitcoin, the largest digital coin by market value, fell…
Crypto Brands Reposition Themselves in Wake of FTX and Market Tumble
Roughly one year ago, a handful of crypto heavyweights made swaggering debuts on the Super Bowl ad roster, airing costly commercials with messages like “Don’t miss out” (FTX) and “Fortune favors the brave” (Crypto.com). Then came the swoon…
Economic Survey flags concerns on Crypto, pushes for global regulation
Here's a look at how industry players and experts reacted to the Eco Survey’s inclusion of crypto currencies. Vikram Babbar, Lead, Financial Services, EY: “Addressing risks and challenges around the rising popularity of…
Elon Musk working on new payments system with crypto functionality
Twitter under Elon Musk is now working on a payments system that will support accepted currencies with crypto functionality embedded into it.
According to a report in The Financial Times, citing sources, the payments feature…
Sam Bankman-Fried Says Law Firm Worked Closely With FTX Before Bankruptcy
Sam Bankman-Fried
said cryptocurrency exchange FTX had a closer relationship than previously disclosed with its bankruptcy law firm Sullivan & Cromwell LLP, adding to questions…