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Indian Finance Minister Answers Crypto Questions at IMF Meeting


At an IMF and World Bank meeting, Indian Finance Minister Nirmala Sitharaman talked about cryptocurrency and stablecoins when asked about Facebook’s Libra digital currency project. RBI Governor Shaktikanta Das also addressed the subject at the conference. Also read: Indian Supreme Court...

Major German Coop Bank Passes Negative Interest Rates to Customers


One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about...

At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows


In a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession....

Indian Government’s New Report Views Crypto Positively


A new Indian government report has put cryptocurrency in a positive light, viewing the mechanisms surrounding it, including initial coin offerings, as “revolutionizing the global fintech landscape.” The report also discusses the regulation of coins and tokens. Also read: Indian...

Indian Government Updates Parliament on Crypto Plans


The Indian parliament has repeatedly asked the finance minister about the government’s plans for cryptocurrency. In July alone, the Ministry of Finance answered three sets of questions: two in Rajya Sabha, the upper house, and one in Lok Sabha, the lower house of the parliament. Also read:...

Indian Finance Minister Addresses Crypto Proposal – Industry Responds


India’s finance minister has broken silence and talked about the crypto draft bill and report her department is examining which propose to ban cryptocurrencies. While she views the report as “very futuristic and well-thought-out,” the crypto industry sees it as flawed...

Crypto Not Prohibited In India, Confirms Minister Anurag Thakur


It’s a moment of rejoicing for the crypto community in India, as after months of speculations and negative predictions, the government has finally confirmed that digital currencies are not prohibited in India. The Minister of State for Finance and Corporate Affairs, Anurag Singh Thakur replied...

Indian Government Breaks Silence on Crypto Regulation


The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the report with the recommended crypto regulation...

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