A recent cabinet note shared by the government of India states the new crypto bill will be regulated by the Securities and Exchange Board of India (SEBI). It labels cryptocurrencies as crypto-assets” and might restrict Indians from trading cryptos on foreign platforms. As per NDTV, the cabinet note circulated suggests that a cut-off date will be declared for crypto holders in … [Read more...] about India may disallow Indians from trading crypto on foreign exchanges
Foreign
Bank of China Reveals Machine That Converts Foreign Currency to Digital Yuan: Report
The Bank of China has shown a machine that converts foreign currencies into digital yuan, China Times reported today.The machine is likely in preparation for the 2022 Beijing Winter Olympics, when the central bank digital currency (CBDC) is set to be introduced to the rest of the world.Users need to link their passports to the transaction, but don’t need a bank account, … [Read more...] about Bank of China Reveals Machine That Converts Foreign Currency to Digital Yuan: Report