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South Korean retail investors pointed to the U.S. GameStop saga to pressure local regulators to extend the country’s ban on short-selling stocks. They succeeded, at least for now. Then, GameStop happened. In January, retail investors in the U.S. banded together on Reddit to bet in favor of stocks (like that of American
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Kumar Gaurav, founder and CEO of cryptocurrency exchange Cashaa, believes the Indian government’s latest efforts to regulate digital currencies are more of an attempt to prevent illicit activities in the industry rather than outright ban crypto.According to a bulletin released by the Parliament of India on Friday, the governing body
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India’s cryptocurrency investors were caught off-guard and left confused after news broke that the country’s Parliament will be considering a government-backed bill that would ban “private” cryptocurrencies. Given the ruling party controls both houses of Parliament, the bill’s chances of becoming law are good.The Cryptocurrency and Regulation of Official Digital
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The Indian Parliament will consider a government-introduced bill that would ban private cryptocurrencies in its upcoming budget session. Given the ruling party controls both houses of Parliament, the chances of the bill’s passage are considered good.According to the Lok Sabha Bulletin published Friday, the Cryptocurrency and Regulation of Official Digital
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It has stated a variety of reasons for why the products cannot be “reliably valued” by retail consumers, such as financial crime, volatility and an inadequate understanding of crypto assets being the main ones. It was estimated that retail investors will save $53 million due to this ban. This is
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U.S. President Donald Trump signed an executive order on Tuesday banning the Alipay payment platform and seven other apps with links to the Chinese, saying the apps can access private information from their users.Separately, U.S. officials are considering banning U.S. citizens from investing in Alibaba Group, an affiliate of Alipay’s
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French financial authorities are strengthening the country’s cryptocurrency regulations in a move to prevent illicit activities like money laundering and terrorism financing.On Dec. 9, several ministries in France jointly introduced an order aiming to prevent anonymous digital asset transactions by banning anonymous crypto accounts.The new regulatory effort is backed by
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Brian Brooks, the head of the Office of the Comptroller of the Currency, said regulators are not looking to “kill” Bitcoin (BTC) but instead ensure its smooth integration into the financial system. In an interview with CNBC’s Squawk Box on Friday, Brooks said: “We're very focused on getting this right. We
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A bill proposed by Australian lawmakers to ban the use of cash for transactions over $10,000 has been killed by a unanimous Senate vote. One Nation Senator Malcolm Roberts brought the motion to remove the bill today after more than a year of trenchant opposition to it from a cross section
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Digital media strategists for both the Republican and the Democratic parties have expressed their frustration with the ban.Following an earlier ban on post-election ads, the duo of social media giants Facebook Inc (NASDAQ: FB), and Alphabet Inc (NASDAQ: GOOGL) may be extending their post-election ad bans by a month to
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