Category: Regulations

Texas Banks Can Now Provide Bitcoin Custody Services For Clients

With the recent increase in Bitcoin adoption, the Texas Department of Banking has confirmed that Texas state-chartered banks will now be allowed to store BTC and other cryptocurrencies for their clients. Texas Banks to Hold Bitcoin In an official notice issued Friday, the regulator noted that state-chartered banks can provide crypto-related services to their clients […]

Continue Reading

U.S. Senator: “Crypto is Bogus and a Lousy Investment”

Warren exploded at a session of the Senate Banking Committee discussing a U.S. government-backed central bank digital currency on Wednesday. Comparing decentralized crypto assets to a CBDC she said that crypto is a “fourth-rate alternative to real currency,” adding that “legitimate digital public money could help drive out bogus digital private money.” The irate Senator […]

Continue Reading

El Salvador Becomes World’s First Country To Make Bitcoin Legal Tender

El Salvador Becomes World’s First Country To Make Bitcoin Legal Tender

“History!”, exclaimed Nayib Bukele, a congressman of El Salvador, as he tweeted about Bitcoin officially becoming legal tender. The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress. 62 out of 84 votes! History! #Btc — Nayib Bukele (@nayibbukele) June 9, 2021 El Salvador is now the first country to adopt the cryptocurrency […]

Continue Reading

China Strikes Again: Blocks Several Crypto-Related Social Media Accounts

In a fresh attack on crypto-related activities in the country, the Chinese government banned social media accounts belonging to popular cryptocurrency proponents over the weekend. Reuters reported today that the attack was mainly aimed at crypto enthusiasts who have massive followers on the popular Chinese social media platform, Weibo.  Judgement Day Per the report, users […]

Continue Reading

Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance

Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance

Sina Weibo, the Chinese equivalent of Twitter, banned the accounts of several key cryptocurrency and defi influencers in the country yesterday, according to reports from local sources. This might be a continuation of the anti-crypto stance the Chinese state has been exerting since 2013, and more profoundly in the last days with the crackdown of […]

Continue Reading

RBI Has Conveyed its Cryptocurrency Concerns to the Government, Says Governor

Although the Reserve Bank of India recently issued a new circular clarifying that digital assets are not outlawed in the country, the entity still believes they carry significant risks. As such, the RBI has taken its concerns to the government, asserted the bank’s governor – Shaktikanta Das. The world’s second-most populated nation has always had […]

Continue Reading