Crypto vs RBI: Exchange Counsel and RBI Take Center Stage at Supreme Court Today

India’s supreme court spent all day on Wednesday hearing extensive arguments from both the counsel representing crypto exchanges and the central bank, the Reserve Bank of India (RBI). The counsel for the central bank confirmed again that cryptocurrency is not banned in India, but still justifies the banking restrictions on the crypto industry. Also read: Crypto vs RBI — 3 Days of Intense Supreme Court Hearings All-Day Hearing at Supreme Court The Supreme Court of India resumed hearing the crypto vs. RBI case on Wednesday. Local news and regulatory analysis…

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Vodafone Becomes 8th Company to Exit Libra Association

After a spate of big names parting ways with the Libra Association late last year such as Paypal, Visa, Mastercard, and Ebay, British telecommunications giant Vodafone has become the latest to bid the ambitious digital asset project farewell. While Vodafone’s statement notes it does not rule out the possibility of working with Libra in the future, a statement issued Tuesday by the Libra Association confirms the exit. Also Read: EU Finance Ministers Place Defacto Ban on Libra Another Big Name Exits the Libra Association The Libra Association‘s membership continues to…

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Uzbekistan Prepares Crypto Tax Exemptions, Launches Licensed Exchange

A new presidential decree in Uzbekistan envisages the introduction of tax exemptions for income obtained from operations involving crypto assets. The draft document published recently also incorporates proposals for the establishment of a blockchain valley and licensing regime for cryptocurrency miners. The country has just launched its first licensed crypto exchange. Also read: Uzbekistan to Create National Mining Pool, Launch Licensed Exchange Tax Free Crypto Operations The Central Asian Republic of Uzbekistan legalized cryptocurrency trading and introduced licensing for crypto exchanges with a decree signed by President Shavkat Mirziyoyev in…

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Bitcoin Cash Sees Mining Pool Shift and Hashrate Surpass 4 Exahash

While people have watched the BTC network surpass 100 exahash per second (EH/s), Bitcoin Cash (BCH) has been steadily gathering hashrate as well. Since the November 15, 2018 blockchain split, which produced the Bitcoin SV (BSV) chain, BCH hashrate has jumped by more than 3x. Bitcoin cash is often more profitable to mine than BTC and during the last seven days, the BCH hashrate has averaged around 4EH/s. Also Read: Debate Ensues After 68% of BCH Hashrate Mined by Stealth Miners Bitcoin Cash Hashrate Climbs Over 4 Exahash per Second…

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Why User Experience Is Crypto’s True ‘Killer App’

There’s been a lot of buzz in the space recently about the importance of user experience. Kim Dotcom’s proclamation that “Mass utility is going to lead to mass adoption,” speaks to this. Peter Schiff’s bitcoin wallet fiasco, CZ’s claim that centralized exchanges are safer than private wallets, and promises of a still undependable Lightning Network as salvation all point to the same. As cashless payment systems proliferate around the globe, one thing becomes crystal clear: crypto doesn’t need a killer app – it is the killer app. Crypto needs better…

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UK Tax Agency to Pay $100K for Blockchain Surveillance Software

On January 17, the UK tax agency Her Majesty’s Revenue and Customs (HMRC) published a job opportunity for a private contractor to design a cryptocurrency blockchain analysis tool. According to the listing, the contract is for one year and HMRC will pay the contractor $100,000 for software that can “identify and cluster crypto asset transactions.” Also read: Britain’s Tax Authority Updates Crypto Guidelines HMRC Wants a Blockchain Analysis Tool and Is Willing to Pay $100,000 Governments worldwide have been cracking down on cryptocurrency holders in order to make sure they…

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RBI Confirms Crypto Not Banned in India

The Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in the entities it regulates, such as banks, from risks associated with trading cryptocurrencies. Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia RBI Did Not Ban Crypto During a supreme court hearing last week, the counsel…

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Popular Crypto Wallet Imtoken Adds Bitcoin Cash Support

Consistently among the top digital assets in the world by market cap, Bitcoin Cash is accepted by most crypto service providers and the list just keeps growing. The latest platform to add BCH support is the popular crypto wallet with over 10 million downloads, Imtoken. Also Read: Bitcoin.com Partners With Mecon Cash, Enabling Withdrawal at ATMs Across South Korea Imtoken Now Offers a Bitcoin Cash Wallet The company operating the digital asset management tool Imtoken has announced today it has added bitcoin cash support to its multi-chain crypto wallet app…

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Indian Minister Inaugurates Blockchain Center of Excellence in Bengaluru

A Centre of Excellence in Blockchain Technology has been inaugurated by Indian Union Minister Ravi Shankar Prasad in Bengaluru. It will facilitate various government departments in their blockchain work, leading to large scale deployment of blockchain applications. Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia New ‘Centre of Excellence in Blockchain Technology’ India’s Ministry of Electronics & Information Technology (Meity) announced the inauguration of a Centre of Excellence in Blockchain Technology in Bengaluru by Shri Ravi Shankar Prasad on Saturday. Prasad is the Union Minister…

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These Online Stores Are Bitcoin Only

The number of stores that accept cryptocurrencies such as BTC and BCH is growing. But while such stores will accept bitcoin alongside existing fiat payments, a handful operate in reverse. These online shops are bitcoin only and they’ve no intention of accepting fiat currency – ever. Also read: How Is Bitcoin Cash Different From Bitcoin Core? Your Filthy Fiat’s No Good Here In a world where everyone used bitcoin, shopping would be much more private. There’d be no risk of card fraud, no credit scores, payment blacklisting, or geo-restrictions. We…

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