The UK has been long struggling to bring crypto under a legal framework. In its pursuit of bringing crypto under legal cover, English Law is considering the possibility of treating crypto as “property”. The reason why crypto should be considered as “property” is that the number of crypto fraud victims is increasing rampantly. However, since…
The US Federal Reserve Chairman, Jerome Powell in a press conference was asked about a number of things from Gamestop to Dogecoin. He was asked whether he believed there was a risk to the financial stability in trends such as the meme-inspired cryptocurrency Dogecoin. In essence, the question was whether Doge was going to upend…
Charles Schwab is one of the largest banks in the United States. The banking giant has hinted at joining the cryptocurrency world, but only on some conditions. As more and more companies and institutions have started to take part in the trading of cryptocurrency, the crypto community has never seen a greater level of excitement…
At present, several countries from all over the world working day and night to launch their own central bank digital currencies (CDBCs). While every country is trying its best to gain higher ground in terms of CBDC, three countries are currently taking the lead. The names of these three countries are China, Cambodia, and Bahamas…
Amendments have been made in the 3rd Schedule of the Indian Companies Act, 2013 by the Indian Government for bringing in crypto. Indian entities, organizations, corporations and companies will be required to submit details of crypto transactions to the Securities & Exchange Board of India (SEBI). In India, the Government has amended the Companies Act,…
The former chief executive of the notorious and bankrupt Mt. Gox Bitcoin exchange, Mark Karpeles, has filed a supplement in response to a class-action lawsuit that was brought forward by the creditors of the exchange before the U.S. District Court. The supplement is actually one of two and it highlights the reasons why a class-action…
The Government of Thailand is in the process of proposing a new set of rules regarding crypto, particularly those investors who deal in retail crypto. The ultimate target of the new laws is the persons who are seeking to open up crypto trading accounts with exchanges. The law is likely to incorporate a provision seeking…
The cryptocurrency community as a whole expects that they had passed the stone age. The stone age referred to the early development of the growing industry when it tried to gain acceptance and bypass several stringent regulations in several European countries and particularly Asian countries. However, those times have seemed to be behind the booming…
The United Kingdom’s financial watchdog the Financial Conduct Authority (FCA) conducted a survey one year before it imposed a ban on the sale of cryptocurrency derivatives for retail customers in the United Kingdom. 97 percent of the Survey’s total respondents opposed this decision of banning digital currency derivatives sales. This idea was proposed by the…
