Category : Business

Business

SEBI’s push for cryptocurrency regulation gains momentum in India

Sergei Egorov
India’s stance on cryptocurrency regulation appears to be evolving, with the Securities and Exchange Board of India (SEBI) advocating for multi-regulator oversight in contrast to the Reserve Bank of India’s (RBI) concerns about potential macroeconomic risks associated with private digital currencies. Documents obtained by Reuters reveal SEBI’s recommendation that various regulatory bodies supervise cryptocurrency trading, marking......
Business

Biden set to ratchet up tariffs on Chinese imports

Sergei Egorov
U.S. President Joe Biden is poised to unveil new tariffs targeting key sectors, including electric vehicles (EVs), medical supplies, and solar equipment, in a move expected as soon as Tuesday, according to sources familiar with the matter. The anticipated announcement comes against the backdrop of the November presidential election, with Biden,......
Business

Binance, KuCoin receive regulatory greenlight in India

Sergei Egorov
In a significant development for the cryptocurrency industry, Binance, the world’s largest cryptocurrency exchange, and its competitor KuCoin have secured approval from India’s anti-money laundering unit. This decision comes months after both exchanges were banned for purported illegal operations. The registration with the Financial Intelligence Unit of India (FIU-IND), under the nation’s Finance Ministry, marks......
Business

Bitcoin hits lowest since February, crypto market in tailspin

Sergei Egorov
In the lead-up to the Federal Reserve’s interest-rate decision today, Bitcoin and other cryptocurrencies experienced a significant downturn. Bitcoin, the world’s largest cryptocurrency, hovered around $57,000 during Wednesday’s European morning trading session, marking its lowest point since February’s end and registering its most substantial monthly decline since November 2022. According to CoinDesk data, Bitcoin (BTC) observed......
Business

FBI cautions public to stay away from unregistered crypto platforms

Sergei Egorov
The U.S. Federal Bureau of Investigation (FBI) has issued a stark warning to Americans, urging them to steer clear of unregistered crypto money transmitting services. In a statement released Thursday, the FBI, through its Internet Crime Complaint Center (IC3), emphasized the risks associated with utilizing firms that are not registered as Money......