Yuan’s Global Reserve Currency Push Gains Strength as e-CNY Pilot Continues Across China

Jul 1, 2022

The adoption drive for digital yuan (e-CNY) within China is continuing even as the People's Bank of China (PBoC) steps up its effort to develop a yuan reserve with the Bank for International Settlements (BIS) and five other countries. China says it is teaming up with Indonesia,...

India, Saudi Arabia Consider Transacting in Yuan

Mar 17, 2022

In a new twist to what could inadvertently lead to an increase in the use of the digital yuan (e-CNY) for international trades when fully operational, India and Saudi Arabia are reportedly considering using Chinese yuan - instead of the U.S. dollar - for some of their oil transactions. ...

Reserve Bank of India : Crypto Exchanges and Traders Are Free to Use Banking Channels

May 27, 2020

After the Supreme Court of India overturned a ban that prohibited the country’s bank from providing services to companies and individuals in the crypto industry, the eyes of the world were pointed at the country to see how this would affect the market there. The world’s second most-populat...

Indian People Believe Cryptocurrencies are a Path to Financial Freedom

Apr 4, 2020

After the Supreme Court of India overturned a ban on cryptocurrency trading in the country, the eyes of the crypto world turned to India to see how the monumental decision will affect the market.  The world’s second most-populated country has long been considered the new frontier for the ...

South Korea Passes Comprehensive Crypto Law

Mar 8, 2020

The South Korean National Assembly has introduced an amendment to its financial services act that will significantly improve the legal infrastructure for the crypto industry in the country. According to a report from The News Asia, the amendment to the Act on Reporting and Use of Spe...

India’s Supreme Court Lifts Crypto Ban

Mar 4, 2020

The Supreme Court of India has overturned a ban on cryptocurrency trading in India, effectively legalizing cryptocurrencies in the country.  According to a report from Bloomberg, a commission of three judges, led by Justice Rohinton F. Nariman, ruled that the ban on cryptocurrency tr...

OKEx Depeens Access to India as Market Seeks Crypto Uptake

Feb 18, 2020

As the Indian crypto market grapples with gaining traction for similar uptake like in other major markets, top Chinese cryptocurrency exchange OKEx has formed a partnership that could see it gain unprecedented access and open doors to liquidity in one of the world’s fastest growing economies....

India Proposes 10-Year Prison Sentence for Crypto Use

Jun 12, 2019

A law has been proposed in India to ban the use of cryptocurrency altogether, with a potential non-bailable prison sentence of up to 10 years for offenders. Bloomberg initially reported on this development on June 6, 2019, noting that a bill has been proposed to attack those who “mine, gener...

Can India Really Ban Cryptos Going by Recent Developments in Asia?

Nov 6, 2018

India's Financial Stability and Development Council (FSDC) says they have recently discussed several issues including the ban of private cryptocurrencies in the country. The hint is contained in a public statement narrating the outcome of their 19th meeting held on Oct. 30 in which they r...

Japan Allows Crypto Industry to Self-Regulate as India Chases After Bitcoin ATMs

Oct 25, 2018

In what looks like a complete casting away of doubts, the Japanese government has now given the country's crypto industry the free hand to operate and - at the same time - regulate itself. The unusual but pertinent move comes after the Financial Services Agency (FSA) seems to have realized ...