Crypto News 

Cryptocurrency Regulation: An Indian Perspective

“Several central banks are closely monitoring cryptocurrencies to both determine regulations to protect investors as well as explore their benefits in the context of central bank digital currencies” writes Praveen Jayachandran for cointelegraph.com. CBDCs could be a viable substitute to reduce the need for cash, which is the only other retail form of central bank money in circulation.We first need standardized nomenclature to reason about the functions, use cases, benefits and risks of different cryptocurrency types.This has laid a further dampener for Indian startups vying for the cryptocurrency market.This was…

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Michael Bloomberg to launch $100 million digital anti-Trump campaign

“WASHINGTON (Reuters) – Michael Bloomberg, the billionaire media mogul who continues to weigh a run for the Democratic nomination for president, will launch a $100 million online ad campaign targeting Republican President Donald Trump, an advisor confirmed” writes Midwest Communications Inc for 95kqds.com. The online advertisements Bloomberg is funding, which have not yet run but are slated to begin Friday, will target four states: Arizona, Michigan, Pennsylvania and Wisconsin. Source: 95kqds.com

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U.S. trade groups raise alarm over Canadian digital services tax

“The Canadian plan would also undermine new digital trade measures included in the USMCA trade agreement which was signed by the leaders of Canada, the United States and Mexico last year, the groups said” writes Midwest Communications Inc for 95kqds.com. WASHINGTON (Reuters) – More than a dozen U.S. trade groups and the U.S. Chamber of Commerce on Friday urged the Trump administration to block a French-style digital services tax proposed by Canadian Prime Minister Justin Trudeau during October’s election.The groups said the tax would undermine U.S. investment in Canada’s technology…

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BT Group shares slip after Labour vows to partially nationalize telecom provider

“Labour wants to bring parts of BT’s digital into public ownership in order to bring “fast and free fiber-broadband” internet for all, starting with regions that have the worst broadband access” writes Markets Reporter for marketwatch.com. Whatever the result of the election, we’d encourage the next Government to work with all parts of the industry to achieve that. Source: marketwatch.com

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BT Group shares slip on after Labour vows to partially nationalize telecom provider

“Labour wants to bring parts of BT’s digital into public ownership in order to bring “fast and free fiber-broadband” internet for all, starting with regions that have the worst broadband access” writes Markets Reporter for marketwatch.com. Whatever the result of the election, we’d encourage the next Government to work with all parts of the industry to achieve that. Source: marketwatch.com

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AirAsia to sell tickets on other airlines as part of online push

“(Reuters) – Malaysian budget carrier AirAsia Group Bhd said on Friday it would sell flights on more than 100 other global airlines as part of a push to boost revenues” writes Midwest Communications Inc for 95kqds.com. AirAsia is also looking at other ways to partner directly with airlines and companies that compliment the carrier’s network and travel services beyond Asia Pacific, said airasia.com Head of Airline Distribution Rajiv Kumar.The budget carrier in August announced a reorganization, separating its airline operations from its travel and lifestyle arm airasia.com, which it said…

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Central Bank of China Starts Trials to Restrict Large Cash Transactions

“The PBOC explained that large cash transactions facilitate illegal criminal activities that include corruption, tax evasion, and money laundering” writes Joeri Cant for cointelegraph.com. He explained his reasoning: In an effort to quell rumors to the contrary, a senior official from the People’s Bank of China said that China is not launching a war on cash by introducing its own digital currency.Although details of this digital currency are not officially known, it will certainly not be as decentralized as Bitcoin (BTC) as it will be issued by the central bank.The…

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China Walks Back Hardline Media Rhetoric Toward Crypto and Blockchain

“He believes that China is likely to become the most active blockchain market in the world, as it looks to spend $2 billion on projects by 2023” writes Shiraz Jagati for cointelegraph.com. Golub told Cointelegraph that China is likely to broaden the lead in blockchain relative to the U.S.:. Voytov further added: Similarly, Peter Somerville, head of node and developer relations for blockchain platform Elixxir, told Cointelegraph that he too is quite optimistic about the future of crypto and blockchain in China.The aforementioned Xinhua article takes a balanced approach toward…

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BRICS Nations Discuss Creation of New Crypto For Unified Payment System

“The BRICS member nations are not the only ones who are considering the creation of a new cryptocurrency” writes Joeri Cant for cointelegraph.com. The member nations — namely, Brazil, Russia, India, China and South Africa — are reportedly planning to develop a single payment transaction system between the member countries, which could be carried out in a still-to-be-developed “BRICS” cryptocurrency.According to one official in attendance, members of international association BRICS discussed the creation of a new cryptocurrency at a recent summit.On Nov. 14, Russian financial news outlet RBC reported that…

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Ledger Vault Secures $150 Million Crime Insurance Policy for Digital Assets

“Cardiff-based cryptocurrency insurance startup Coincover launched a cryptocurrency insurance offering in September” writes Ana Alexandre for cointelegraph.com. Ledger Vault, the custody arm of hardware wallet manufacturer Ledger, has procured a crime insurance policy developed with broker and risk advisory firm Marsh and insurance company Arch Insurance Limited.According to an announcement on Nov. 14, the Ledger Vault platform now provides its users a customized crime insurance program for cryptocurrencies for up to $150 million.Previously, Cointelegraph reported that Estonia-based crypto exchange Rokkex integrated its trading platform with Ledger Vault to secure its…

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