The Reserve Bank of India has clarified its stand on the ban of digital currencies. Holding digital currencies is not illegal, however, regulators can’t indulge in those activities.
Six central banks plan to explore the use of digital currencies while working with the Bank of International Settlements.
South Korea has said that it will consider introducing 20% tax considering crypto profits as capital gains. The tax will be introduced in the first half of 2020.
The cryptocurrency market has given an excellent response to the start of 2020 as Bitcoin and many other altcoins are showing formidable price gains just in the first month.
Kadena’s hybrid blockchain network aims to offer an interoperable smart contract support between public and private blockchain networks.
The newly proposed bill will give crypto users some relief from reporting every small instances of spending their crypto holdings whose value fluctuates on a day-to-day basis.
After Craig Wright’s claims of getting access to the “Tulip Trust” pandora’s box, the plaintiff has requested court to ask for the bounded courier documents which had access to this trust.
CME Group started like trading of its Bitcoin Options. The start was great as CME traded 55 options contracts with over $2 million in notional value.
The regulator have stressed that the digital assets have largely penetrated the financial market and hence necessary steps need to be taken to make investors aware of it.
ECB President Christine Lagarde has said that they are working with other eurozone central banks while evaluating “the feasibility and merits of a CBDC”.