Swiss markets watchdog FINMA said on Wednesday (Sept. 29) it had approved the country’s first fund that invests primarily in crypto assets based on the blockchain or distributed ledger technology. The fund, which is restricted to qualified investors, goes by the name of the “Crypto Market Index Fund” and will now be sorted under the category of “other funds for alternative investments”
READ MORE
China intensified its cryptocurrency crackdown on Friday (Sept. 24) and vowed to root out “illegal” trading activity and mining of digital assets. “Virtual currency-related business activities are illegal financial activities,” the People’s Bank of China said in a statement, adding it “seriously endangers the safety of people’s assets”. Beijing has taken steps to curb the rise of cryptocurrency since at least 2013.
READ MORE
The government in India is planning to tax cryptocurrency exchanges and trades, The Economic Times reported on Monday (Sept.13), citing sources. The cabinet is likely to discuss the bill on the proposed regulation “soon,” according to the report. Chairman of India’s Parliamentary Standing Committee on Finance Jayant Sinha on Wednesday (Sept.8) stressed that the country will take a stance on cryptocurrencies like
READ MORE
Daniel Cioaba, aka “the king of Romanian Roma,” has launched Gypsycoin, a digital currency that aims to become a popular tool of payment for Roma individuals as well as Roma business-owners and not only. “Gypsycoin is based on the hidden potential of unity of a globally distributed community. Therefore, Gypsycoin has a great potential of users globally. At the same time, it
READ MORE
US Securities and Exchange Commission (SEC) Chairman Gary Gensler said Tuesday (Aug. 3) that his agency needs needs more authority from Congress to regulate the fast-growing cryptocurrency market. “We need additional Congressional authorities to prevent transactions, products, and platforms from falling between regulatory cracks. We also need more resources to protect investors in this growing and volatile sector,” Gensler said in a
READ MORE
El Salvador has become the first country in the world to classify Bitcoin as legal currency, after lawmakers in the Salvadoran Congress on Tuesday night (June 8) voted by a “supermajority” in favor of the Bitcoin Law, receiving 62 out of 84 of the legislature’s vote. The legislation will make the world’s most popular cryptocurrency recognized by law as a means to
READ MORE
China’s financial officials stated on Tuesday (May 18) they have banned the country’s financial sector from providing services related to cryptocurrency transactions in light of the market’s recent volatility. Additionally, internet platform companies are banned from providing marketing and publicity, among other services, to cryptocurrency related products. “Recently, crypto currency prices have skyrocketed and plummeted, and speculative trading of cryptocurrency has rebounded,
READ MORE
