waiting-looking-at-clock Bitcoin 

Banks are Interested Towards Crypto, Await for Regulators to Invest

Rebecca Harding, who operates as the CEO of Coriolis Technologies, a trade technology company that provides services to major banks and corporations in the traditional finance sector, said in an interview with Forbes contributor Billy Bambrough that the vast majority of banks are healthily skeptical and curious about crypto. According to Rebecca Harding, a financial journalist and the acclaimed author of “The Weaponization of Trade: the Great Unbalancing of policy and economics,” major financial institutions are waiting to invest in the crypto market. As Crypto world news reported, Goldman Sachs, Citigroup,…

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South Korea to Double Crypto Taxes, Says Exchanges Are Not Venture Firms

First proposed by South Korea’s Ministry for Small and Medium Enterprises (SMEs) and Startups in August, the revision to the law called for Korea’s domestic blockchain industry, including cryptocurrency exchanges, to be removed from the government’s official classified list of certified venture firms. In a blow to the industry, the government of South Korea has stuck with its legislative proposal to exclude the cryptocurrency and blockchain industry from being certified as venture firms. As Cryptoworld news reported at the time, the enactment of the proposal would mean that cryptocurrency startups…

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Cryptocurrency Exchanges is Hurting By India’s Lack of Regulation

On September 28, Zebpay officially shut down its popular cryptocurrency exchange in India, unable to obtain any banking service from commercial banks and financial institutions in the country following the blanket ban imposed by the central bank. “The curb on bank accounts has crippled our, and our customer’s, ability to transact business meaningfully. At this point, we are unable to find a reasonable way to conduct the cryptocurrency exchange business,” the Zebpay team said. Earlier this month, Cryptoworld news reported that the Securities and Exchange Board of India (SEBI) sent…

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