Category: Crypto Currency

The Bharat Web3 Association (BWA), a non-governmental crypto body comprising industry stakeholders, has released detailed guidelines to promote safe business practices for Web3 service providers in India. Chaired by former FICCI Secretary General Dilip Chenoy, the BWA unveiled two comprehensive sets of guidelines this week, focusing on ensuring secure and equitable service offerings. These guidelines…

As blockchains receive continuous fine-tuning and improvements, developers are identifying crucial issues that are restricting the advances in interoperability and scalability of the technology. One such issue is called ‘blockchain fragmentation’. As the term suggests, it refers to a situation where the ecosystem of a blockchain is divided into multiple smaller on-chain networks, each facilitating…

Thailand is exploring new payment-related policies that are aimed at making it a more appealing destination for visitors, according to users. This week, the country’s Deputy Prime Minister and Finance Minister Pichai Chunhavajira said crypto will soon be tested as an alternative payment option to cash for the convenience of the tourists. Local publication Nation…

The Hong Kong Monetary Authority (HKMA) has established a ‘Supervisory Incubator’ that will help banks develop and test the use cases of the distributed ledger technology (DLT). The initiative was announced on Wednesday, during the FiNETech4 event organised by the HKMA. The emergence of Web3 and its potential offerings to the global financial services was…

The International Monetary Fund (IMF) has advised Kenya to prioritise creating a more predictable regulatory framework for its cryptocurrency sector. The IMF also recommended aligning Kenya’s crypto guidelines with global standards. Officials from Kenya’s Capital Markets Authority (CMA) had sought the IMF’s input on challenges related to the future regulatory scope of the crypto industry….

Bitcoin saw a small dip in its value on Friday, as the price of the world’s most popular digital asset fell by 0.65 percent on global exchanges. According to data by CoinMarketCap, the value of Bitcoin has come to $93,724 (roughly Rs. 80 lakh), according to data by CoinMarketCap. Indian exchanges like Giottus and CoinSwitch…

Mantra, a blockchain platform focused on real-world assets (RWAs), has signed a deal with Dubai developer Damac Group to tokenise assets in the Middle East worth at least $1 billion (roughly Rs. 8,589 crore), the two firms said on Thursday. Asset tokenisation allows rights to, or ownership of assets, including real world assets (RWAs), to…

Standard Chartered bank announced on Thursday that it is expanding its crypto services to the European Union (EU). The London, UK-headquartered bank previously debuted its crypto-related services in Luxembourg. This makes Luxembourg the entry point for the bank into the EU market. The development comes after the EU’s crypto guidelines, known as the Markets in…

China’s government on Monday released guidelines for the development of a national data infrastructure, as part of efforts to improve its data exchange and management network. A document published by the National Development and Reform Commission and two other authorities states that China must explore blockchain technology to make its data exchange and management ecosystems…

Union Home Minister Amit Shah said on Saturday that dark web, cryptocurrency, online marketplace and drones continue to pose a challenge for the country and these have to be checked by the joint efforts of law enforcement agencies. Chairing a regional conference on ‘Drug Trafficking and National Security’ here, Shah also asserted that the country…