Crypto Exchange Coinbase Halts Service in India Due to ‘Informal Pressure’ From Central Bank RBI
The Nasdaq-listed cryptocurrency exchange Coinbase has revealed that it halted operation in India a few days after launch due to “informal pressure” from the country’s central bank, the Reserve Bank of India (RBI), says CEO Brian Armstrong. Coinbase Shares Experience in India Coinbase Global provided an update on its Indian operation during the company’s earnings call Tuesday, particularly why it exited the Indian crypto market a few...
Shanghai High Court Declares Bitcoin Virtual Asset With Economic Value Protected by Chinese Law
The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law. The court notes that the cryptocurrency has economic value. Bitcoin Is Property Protected by Law in China The Shanghai High People’s Court has declared that bitcoin qualifies as a virtual asset protected by Chinese law despite the ban on cryptocurrency trading in China, Sina reported Friday. The court’s official Wechat channel posted...
‘Dr. Doom’ Nouriel Roubini to Launch Tokenized Dollar Replacement — With Payment and ESG Features
Economist Nouriel Roubini, a crypto skeptic known as “Dr. Doom,” is developing a tokenized asset intended to be a more resilient U.S. dollar. “Our goal is to create a global store of value … This is something akin to a substitute for Treasuries, or a digital asset that has payment features in it.” Nouriel Roubini’s Tokenized USD Alternative Economist Nouriel Roubini revealed this week that he is developing a suite of financial...
New Legislation Gives Telecoms Regulator Major Powers to Fight Piracy
Laws that attempt to deter copyright infringement by punishing pirate site operators exist in most developed countries around the world. Entities such as the Alliance for Creativity and Entertainment use them to take hundreds of sites and services offline, either through direct legal action or simply using the threat of it. But this is just one aspect of content protection and when pirates refuse to take their operations offline,...
Kim Dotcom Could Seek New Zealand Trial After Co-Defendants Strike Deal
Often described as the biggest case in copyright history, the so-called ‘Mega Conspiracy’ battle has been living up to its billing since 2012. For at least a decade, Kim Dotcom and co-defendants Mattias Ortmann, Bram van der Kolk, and Finn Batato faced a mountain of charges in the United States, a country that has never been visited by the former. More recently, however, there has been a significant shift in positions, meaning that...
