These platforms fall into somewhat of a gray area. Since they are not classified as banks or lending institutions, they are outside the reach of the Federal Reserve or the Office of the Comptroller of the Currency
Binance has made efforts to embrace best governance practices, but it has faced challenges
The conundrum that many Web3 developers are facing right now is that most blockchain data is served by third-party providers using Web2 business models
The institution also plans to crack down on the space by blocking crypto trading websites, applications, and corporate channels.
The directorate sought an explanation from WazirX of transactions worth Rs 2, 700 crores, which were found in violations of rules under FEMA.
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There are more types of cryptocurrencies in South Korea than in the U.S. or Japan, including “kimchi coins,” which are issued primarily by South Koreans.
Indian investors are said to hold some Rs.10,000 crores in digital currency already
The stratospheric rise in the prices of Bitcoin and other alternative currencies have left traditional investors scratching their heads
The move prohibits Chinese financial institutions from issuing crypto products or services, but it doesn’t consumers from owning cryptocurrencies