“Virtual currencies have the potential to improve the efficiency and inclusiveness of the financial system. However, Virtual Currencies (VCs), also variously referred to as crypto currencies and crypto assets, raise concerns of consumer protection, market integrity and money laundering, among others.”
India Restricts Cryptocurrency in Favor of Own State-Backed Crypto
During the week, news broke of India’s changing stance on cryptocurrency with headlines from several news sources hinting at a potential Indian crypto ban, sending markets into a panicked whirlwind and causing a Bitcoin price drop to $6,600. With common sense returning as the dust settles and prices recover accordingly, a more measured dissection of […]
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