Cryptocurrency
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Centre extends money laundering provisions to cover cryptocurrency trade
All crypto exchanges in India will now be required to report suspicious activity to the Financial Intelligence Unit.
Scroll Staff
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Cryptocurrency trade is similar to gambling and should be banned, says RBI governor
However, Shaktikanta Das said that the technology of blockchain needs to be supported as it has many other applications.
Scroll Staff
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Private cryptocurrencies will constitute next financial crisis, warns RBI governor
Central bank chief Shaktikanta Das also said that the cryptocurrencies should be banned.
Scroll Staff
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Why the collapse of the $30 billion FTX crypto exchange is not surprising
The rapid disintegration is a reminder about the risks of trading in ‘assets’ with no underlying fundamental value on loosely-regulated exchanges.
John Hawkins, The Conversation
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World’s second-largest cryptocurrency firm FTX files for bankruptcy
The company’s Chief Executive Officer Sam Bankman-Fried has also stepped down.
Scroll Staff
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In South Africa, teenagers are getting drawn to crypto trade – but at a high cost
Authorities and financial experts warn of fraud, losses and mental anguish.
Kimberly Mutandiro, Thomson Reuters Foundation
Video
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ED freezes bank assets worth Rs 64.67 crore of crypto exchange WazirX
The company is under investigation in two cases related to the Foreign Exchange Management Act, the finance ministry had told Parliament on Tuesday.
Scroll Staff
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RBI suggested ban on cryptocurrencies, says Finance Minister Nirmala Sitharaman
The central bank is of the opinion that since it or the government does not issue cryptocurrencies, they cannot be considered legal tender, she said.
Scroll Staff
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Crypto is great for gambling, but lousy as usable currency
As the losses in the cryptocurrency markets demonstrate, decentralised finance has yet to prove it is a viable alternative to the centralised banking system.
John Hawkins, The Conversation
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How cryptocurrency scams work and what to watch out for
Such frauds are especially painful because the probability of retrieving lost funds is close to zero.
Yaniv Hanoch, The Conversation & Stacey Wood, The Conversation
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Crashing prices of cryptocurrencies are testing the will of even the most avid investors
Is this just another crash in the volatile crypto market, or is this the beginning of the end for this alternative asset class?
Andrew Urquhart, The Conversation & Brian Lucey, The Conversation
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Brands like Nike and Prada are experimenting with NFTs. What could go wrong?
Companies launching non-fungible tokens are going to potentially need to change more than it first appears.
Achilleas Boukis, The Conversation
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