Regulations News

India’s central bank, the Reserve Bank of India (RBI), and the Securities and Exchange Board of India (SEBI) are collaborating with an inter-ministerial group to develop a comprehensive cryptocurrency policy.

HSBC Australia has implemented a ban on payments to cryptocurrency exchanges starting July 24, 2024.

Senator Cynthia Lummis is opposing the Biden administration’s proposed 30% tax on the electricity used by Bitcoin miners.

South Korea’s Financial Supervisory Service (FSS) has summoned the nation’s top five cryptocurrency exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—to address recent fee hikes amid new regulations.

Russia’s parliament has passed a bill allowing companies to use cryptocurrency for international trade.

The crypto industry is closely watching the potential for a second Donald Trump presidency as he vows to end President Joe Biden’s so-called crusade against cryptocurrencies.

Arthur Hayes, a prominent figure in the cryptocurrency space, is cautioning that the focus on crypto-friendly policies may wane once the 2024 election concludes.