Cryptocurrency News india regulation State Bank of India 

Ban Begone? India’s Largest Bank Supports Heavy-handed Crypto Regulation

One of the world’s largest banks, the government-controlled State Bank of India, does not mind the heavy regulation of crypto in the country. This is according to the bank’s chairman Rajnish Kumar. According to The Economic Times, Kumar has stated that regulation is necessary for cryptocurrencies to prevent their unlawful use: “Let’s see. Because there’s a dark side of the internet also. There can be misuse of the digital currencies. That is why regulation is must.” Bans, jail sentences, fines… Currently, cryptocurrencies in India face severe restrictions. Financial institutions are,…

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Block.One Cryptocurrency News EOS Op-ed regulation sec 

How a Crypto Startup Escaped With a Comical Fine After Illegal $4 Billion ICO

Block.one – the company behind cryptocurrency EOS – was slapped with a $24 million fine this week, pertaining to its initial coin offering (ICO) back in 2017. That might sound harsh, but it’s a tiny penalty. A drop in the ocean compared to the record-breaking $4.1 billion the company (reportedly) raised in its initial coin offering (ICO). To be specific, it’s just 0.58% of the total amount raised – a slap on the wrist for violating US securities law. It’s an arbitrary and dangerous precedent from the Securities and Exchange…

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DOJ regulation stock market U.S. Market News 

Stock Futures Slump As DOJ Beefs Up Its Big Tech Antitrust Probe

The stock market enjoyed a powerful rally Tuesday on renewed hopes of a trade deal between China and the United States. But that optimism gave way to a fresh round of selling after the stock market closed. That’s because, as the Wall Street Journal reported, the Justice Department is opening a broad antitrust inquiry into the big tech companies. Big tech under pressure after hours with the DOJ announcing a new antitrust review of the biggest players. Here’s what @LoupVentures‘ Gene Munster says is ahead for $FB $AMZN $AAPL $NFLX…

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Crypto G20 regulation 

G20 Ministers Discuss Crypto Benefits, Commit to Risk-focused Vigilance

By CCN Markets: Global finance ministers and central bankers reconfirmed their multilateral support of crypto-industry regulations on the weekend in Japan. They were attending the G20 Finance Summit ahead of the Leaders’ Summit in late June. There were no surprises for the crypto-currency markets in the Communique sent out by Japan’s Minister of Finance on Sunday. The 14-point document reflects the outcomes of the weekend discussions between Finance Ministers and central bankers. The finance leaders put their support behind crypto-assets while remaining vigilant in monitoring the risks they pose. They…

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CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how our site was affected by Google’s Core Update. As data from SEO analyzer Sistrix shows, our visibility on Google dropped from 1.2 to less than 0.6. You might say we ought not to face any…

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google Opinion regulation U.S. Business News U.S. Justice Department 

Google Faces Likely Antitrust Probe by the US Dept of Justice: Report

By CCN: Google parent company Alphabet is on the hot seat with the U.S. Department of Justice. The Wall Street Journal reported Friday that the DOJ is preparing an antitrust investigation into the internet search giant. It’s not the first time Google has been investigated for violating U.S. federal antitrust statutes. It is, however, the first time the DOJ has opened such an inquiry. Google and EU Antitrust Laws In 2016, the EU slapped Google down with a severe $5.1 billion antitrust penalty for requiring Android device makers to issue devices…

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bitcoin Bitcoin Crime Exclusive regulation Sri Lanka 

ISIS Used Bitcoin to Fund Horrific Sri Lanka Easter Bombings, Research Claims

By CCN.com: Bitcoin played a role in staging the Easter Sunday suicide bombing in Sri Lanka that killed 253 civilians, according to Israeli blockchain intelligence firm Whitestream. The agency revealed that the ISIS used Canada-based payment gateway CoinPayments to convert bitcoins to fiat money. The firm identified large scale transactions between the wallets that ISIS used to raise contributions and the bitcoin accounts held by CoinPayments. Whitestream found that the balances in the payment company’s wallets surged from $500,000 to $4.5 million just one day before the Easter attacks. The…

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Elon Musk regulation sec Tesla U.S. Business News 

Elon Musk, SEC Need More Time to ‘Put on Their Reasonabless Pants’

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: Elon Musk and the SEC are talking, demonstrating progress in a regulatory battle that has been drawn out for months. While the Tesla CEO and the securities regulator…

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Crypto exchange japan regulation Trade.io 

Japan Ramps Up Scrutiny into Regulated Crypto Exchanges’ Cold Wallets

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN.com: Crypto exchanges are a straightforward place to keep cryptocurrency when trading. Cash out fees accrue less quickly, and trades can be made much faster than having to transfer…

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Blockchain News china Christine Lagarde Crypto donald tapscott regulation renminbi 

China to One Day Turn RMB into a Crypto, Claims Blockchain Author

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: Perhaps no country has tried harder to snuff out bitcoin than China. After putting the kibosh on ICOs, the government banned crypto exchanges and now they’re targeting bitcoin…

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