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Cryptocurrency Trends to watch out for in 2020

The blockchain and crypto market is far from slowing down as the momentum is gradually picking up. The year 2019 turned out to be a remarkable one for the global crypto market. Despite a secular bear market, it involved new groupings, novel trading solutions, and a number of blockchain protocols emerging and maturing. Global regulatory […]

Behind on Bitcoin Drama? A (Short) History of Scaling

No one said consensus would be easy. The conversation on how to best upgrade the bitcoin network to accommodate a greater transaction capacity has been a long one, dating back to the earliest forums and message boards. However, it wasn’t until 2014 that the idea that bitcoin’s technology may need to adapt to increasing usage entered […]

India’s central bank mulls digital currency issuance

Last week, the Reserve Bank of India (RBI) said it is exploring the issuance of a central bank digital currency (CBDC), but will pursue the idea in due course, local news outlet Livemint reported. The central bank governor Shaktikanta Das said it is ‘too early’ to talk about a CBDC owing to technological handicaps. However, […]

India vs. the people: The battle over cryptocurrency ownership continues

India has a curious relationship with blockchain. On the one hand, the Indian government is a huge proponent of blockchain technology, and nearly half the states in India have already initiated government-sponsored blockchain projects. At the same time, the government has been very ambivalent toward cryptocurrency, drafting a slew of measures in the last couple […]

Blockchain to have mixed implication on banking system: Moody’s

Blockchain technology has the potential reduce costs of cross-border transactions for banks. However, it could put pressure on their fees and commissions, which is a credit negative, says a report. Global rating agency Moody’s in its report ‘Banking: global blockchain efficiencies could streamline transactions but reduce banks’ fee income’, said blockchain disruption to have mixed […]

India’s Crypto Crackdown: Wealthy Bitcoiners Targeted, Start-Ups Scrutinized

It has been a busy week for the government of India concerning cryptocurrencies. After it raided crypto exchanges, it is now actively investigating wealthy bitcoiners through the Income Tax Department of India (ITDI). In addition to roustings and investigations, the Securities and Exchange Board of India (SEBI) announced new scrutiny initiatives regarding initial coin offerings […]

India’s Cryptocurrency Dilemma

Cryptocurrency is a highly disruptive technology, with a high carbon footprint, that can affect many stakeholders in today’s trust based financial system. The Reserve Bank of India (RBI), its currency issuing power and its supervisory role in the payments system domain are first casualty because blockchain is completely decentralised and anonymous. But if we place […]

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