China Should Consider Launching its Own Stablecoin, Central Bank Expert Says in Op-Ed

An expert from the People’s Bank of China thinks the country has to study USD-backed cryptocurrencies and to launch its own yuan-backed stablecoin. The Chinese government should consider launching its own yuan-backed stablecoin despite the current ban on cryptocurrencies, an op-ed in Chinese financial journal CN Finance reports Tuesday, Oct. 9. An expert from the […]

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Singapore: Regulator Plans to Smooth Over Banking Ties With Crypto Businesses

Ravi Menon has said he “would not blame” banks for not serving crypto clients, but an “understanding” could be reached. The head of Singapore’s financial regulator and de facto central bank said he wants to “bring together” banks and crypto businesses after complaints about banking support, Bloomberg reports Wednesday, Oct. 10. Speaking in an interview, […]

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South Korea’s Democratic Party Lawmaker Urges Authorities to ‘Open Up the Road’ to ICOs

South Korea’s Democratic Party lawmaker urges the state to “open up the road” to ICOs by easing regulations. A member of South Korea’s National Assembly has called on the state to “open up the road” to Initial Coin Offerings (ICO) by easing regulations, South Korean financial outlet Economy reports October 2. According to the article, […]

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Russia’s ‘Disappointing’ Cryptocurrency Legislation: Why Experts Consider the Bill a Failure

Russia’s government has continuously gone back and forth on crypto regulation, with final legislation tentatively set to be finalized this fall. Russia has been trying to pass cryptocurrency legislation since the beginning of January 2018, with no success as of yet. The government’s main bill, “On Digital Technologies,” which was expected to be passed by […]

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‘Extremely Difficult’ Conditions: India’s Zebpay Shutters Crypto Exchange Over Central Bank Ban

One of India’s largest cryptocurrency exchanges has suddenly suspended its services due to the uncertain legal status of crypto assets. Major Indian cryptocurrency exchange Zebpay announced it had stopped all trading due to the country’s banking ban. The official announcement was published Thursday, September 27. Citing “extremely difficult” conditions it encountered attempting to process customer […]

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India’s National Stock Exchange Trials Blockchain E-Voting for Listed Companies

The National Stock Exchange of India is testing a Hyperledger-based blockchain platform developed by Elemential Labs to conduct e-voting. The National Stock Exchange of India (NSE) is testing a blockchain platform developed by Elemential Labs to conduct e-voting for listed companies, local news outlet Hindu BusinessLine reports September 27. The NSE’s pilot will entail tokenizing […]

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