India’s central bank plans 'graded approach' to digital currency, News 18 says
Indian Finance Minister Nirmala Sitharaman announced in her budget speech earlier this year that the RBI planned to issue a digital rupee.
regulation
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Binance Italy wins approval to operate as crypto service provider
Earlier this month, French financial regulators granted Binance a digital asset service provider license.
Paraguay’s crypto industry regulation advances, despite pushback from central bank
The bill, first introduced in Paraguay’s Senate in July 2021, aims to regulate commercial activities relating to virtual assets like mining.
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Fed Vice Chair Brainard defends CBDCs against Republican attacks in first hearing since confirmation
Brainard’s testimony, like the discussion paper itself, was diplomatic, but fundamentally sought to give the Fed more license to explore a CBDC.
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Thailand excludes crypto transfers from VAT payments until 2024
Both crypto transfers and crypto transactions on regulated exchanges have been given VAT waivers by the Thai government until 2024.
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What's next for FTX’s proposal for crypto derivatives trading in the US?
While the proposal has been wracked by political controversy, the CFTC is clearly invested in it. Expect delays, but the proposal's ultimate outlook is bright.
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CFTC roundtable on FTX proposal highlights barriers in clearing of digital vs physical assets
The CFTC has been working on FTX's proposal to allow a relatively new market structure for its derivatives trading for much of the past year, including several months of open public comment.
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Solarisbank says it's helping Binance to become regulated in Germany
The banking-as-a-service fintech firm says that part of its collaboration with Binance involves helping it become regulated in Germany.
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OCC's Hsu reiterates "careful and cautious" approach after Terra collapse
Acting OCC Head Michael Hsu is doubling down on the bank regulator's careful approach to crypto, though he says he sees potential in crypto.
Terra’s 'vortex of death' brings scrutiny from South Korean regulators
South Korean regulators are mulling plans for the crypto industry following Terra's collapse this month.
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CFPB establishes new innovation unit to give clarity on existing rules
The Consumer Financial Protection Bureau is replacing its Office of Innovation with a new unit to support a broader initiative.
Central African Republic teases 'Project Sango' crypto hub
The landlocked African nation's plans, published in an online presentation, include a 'crypto island' and a bitcoin wallet.
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Protego Trust Bank targets $2 billion valuation after quietly raising $70 million
Protego Trust Bank, a chartered crypto bank advised by Brian Brooks, raised $70 million in a Series A round last year.
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India crypto app CoinSwitch chief calls for regulatory 'peace, certainty,' Reuters says
A federal government move to tax crypto income has been seen by the industry as a sign of potential acceptance.
Lawsuits aimed at recouping UST/Luna losses test uncharted waters
Legal trouble is brewing for Terraform Labs following last week’s collapse of TerraUSD. Do unhappy investors have a case?
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CFTC charges two men with $44 million cryptocurrency ‘Ponzi scheme’
The defendants transferred funds to accounts for their own benefit, including millions of dollars to an off-shore entity, the CFTC charged.
UK financial regulator advises against rush to add crypto markets, Financial Times says
The UK chancellor revealed plans in April to regulate stablecoins and issue an NFT as part of a bid to position the UK as a crypto hub.
Panama's president not ready to endorse crypto regulation bill
Panama’s National Assembly passed a crypto asset regulation bill, but the country's president is not ready to sign it into law.
Polymarket appoints former CFTC chief Giancarlo as chair of advisory board
Former Commodity Futures Trading Commission (CFTC) head and crypto advocate Christopher Giancarlo has taken a seat as the chairman of crypto prediction platform Polymarket’s advisory board. The platform utilizes smart contracts to enable betting on event outcomes through the USDC stablecoin. Polymarket has said these are “decentralized information markets,” which are used to reflect public […]
Binance confirms its working to win German regulatory approval
The cryptocurrency exchange confirmed it's in talks to become regulated in Germany as it engages with regulators across Europe.
