Coin Crunch India

Tonga is in Discussion to Adopt BTC as Legal Tender
Tonga could see Bitcoin getting adopted as legal tender in December. The previous year witnessed a watershed moment in the history of monetary economics when...
SEBI Bars Funds from Investing in Crypto
The Securities and Exchange Board of India (SEBI) had cleared blockchain Exchange Traded Funds (ETF). Regulators have traditionally had a negative stance towards crypto in...
Congress Committee and Crypto Execs Had a Positive Discussion
The Committee was accommodative of the views of the crypto companies. On Wednesday, the much-anticipated hearing on “Digital Assets and the Future of Finance: Understanding...
Gov: No Boost to Crypto in India. RBI Examining CBDC
Government does not plan to boost crypto in India. RBI is examining the use of Central Bank Digital Currency (CBDC). On Monday, at the Lok...
FTX Proposes Crypto Regulation in US
A wide range of topics has been covered in the FTX proposal ranging from custody to stablecoin regulation to KYC and AML. The United States...
India May Regulate, Not Ban Crypto Say Sources
The currency aspect will not be adopted. A Cabinet Note by the Government on the much-awaited cryptocurrency bill states that private cryptocurrency will be regulated...
Some Non-Custodial Entities Not Subjected to FATF Guidelines: US Treasury Sec
FATF has updated its guidelines. It aims to regulate financial activity not technology. On Tuesday, the United States Secretary of the Treasury, Janet Yellen, clarified...
New Crypto Bill: Finance Minister
The bill was updated to consider the recent developments in the crypto space. On Tuesday, in the Rajya Sabha, the Union Finance Minister of India,...
India Moves a Step Forward for Regulations in Crypto, but a Lot Remains Unsaid as of Now!
From breaking down the title and description, to the actual contents of the bill, a lot of information is needed, which if not provided timely...
Bill to Amend Infra Act’s Crypto Reporting Provisions in The Works
The definition of a broker is too broad and may cover entities not involved in the brokerage business who may face some hassles. In the...

A $4B Non-Profit Has Been Established for Stablecoins

A $4B Non-Profit Has Been Established for Stablecoins

January 21, 2022

Terra has donated 50 million LUNA to the organization. Terra is aiming to foster its whole ecosystem through a non-profit that would mentor and provide…

Russia Calls for Ban on Crypto