In a surprising turn of events, cryptocurrency broker eToro has announced to crypto investors that it will delist Cardano's ADA token and the TRON Foundation's TRX token for US customers from December 26, 2021.
Quartz India has released a report that intends to reassure panicked Indian crypto holders. Following the Indian government's proposal to ban private cryptocurrencies, prices of major coins have fallen significantly. However, the price fall may be premature and it is too early for crypto players to be worrying.
India’s upcoming Winter Session will take up, for final considerations, a bill to prohibit all private cryptocurrencies in the country. The session will begin on November 29, 2021.
The CEO of Binance is calling for strict regulations to be put in place in the cryptocurrency industry. See reasons for this latest move.
In a somewhat bemusing virtual address, Indian prime Minister Narendra Modi has stated that “democratic nations should work together on cryptocurrency to ensure it does not end up in the wrong hands.”
German-based VC Greenfield One has raised $160 million in what is said to be one of the largest crypto funds in Europe. The fund was the firm's third funding round and it’s largest to date.
The head of the ruling Democratic party in South Korea has promised to make a dramatic u-turn on crypto policy that could make it easier for crypto-related offerings to operate in the country. The party has claimed that “the time has come” for the government to stop regulating crypto and to start “fostering” the industry instead.
Financial regulators globally are planning a crackdown on cryptocurrency exchanges. Find out which exchanges are affected the most.
Recently, a number of signs have pointed towards a nuanced approach to crypto assets in India. Other reports claim that Indian authorities are now finalising work on legislation that could pave the way for the regulation of crypto asset trading. However, it is thought that the Indian government will ban crypto’s use in payments and transactions.