Tag: Regulations
-
FTX to Begin Customer Repayments on February 18
FTX Digital Markets, the Bahamian arm of the collapsed cryptocurrency exchange, will begin repaying customers on February 18. Creditors in the “convenience class” category, those with claims under $50,000, will receive full repayment along with 9% annual interest since November 2022. FTX has transferred funds to BitGo and Kraken, the two platforms responsible for distributing…
-
India Reevaluates Crypto Policy Amid Global Regulatory Shifts
India is reassessing its cryptocurrency stance in response to evolving global perspectives on digital assets. Economic Affairs Secretary Ajay Seth confirmed the ongoing review, citing changes in multiple jurisdictions’ approaches to cryptocurrency adoption and regulation. The reassessment has delayed the release of a discussion paper initially scheduled for September 2024. Speaking to Reuters, Seth emphasized…
-
India’s Economic Advisor Calls for Balanced Crypto Regulation
India’s Chief Economic Advisor, V. Anantha Nageswaran, has urged regulators to encourage innovation in the cryptocurrency sector while ensuring transparency and accountability. Speaking at the Global Economic Policy Forum 2024, Nageswaran emphasized the importance of not hindering advancements in emerging technologies like crypto and Bitcoin. Encouraging Innovation, Balancing Societal Needs “Regulators must not stand in…
-
Singapore doubles down on tokenization: announces new plans
The Monetary Authority of Singapore (MAS) has unveiled new plans for tokenization in financial services. MAS aims to increase liquidity and strengthen the ecosystem for tokenized assets. Key steps include forming commercial networks, building market infrastructure, and establishing industry frameworks. MAS will also enable access to shared settlement facilities for tokenized assets. Project Guardian includes…
-
Thailand looking to become a crypto Hub
According to an article on the Bangkok Post, Thailand is envisioning itself as a crypto hub in the coming years. It is surely possible provided strategic policies are put in place to foster development. According to the Thai Digital Asset Association, clearer regulations and increasing institutional investments are propelling the cryptocurrency market to new levels…