NEW DELHI: The $2 trillion crypto economy is impossible to be overlooked, both for the common people and analyst and senior economist at Deutsche Bank Research, Marion Laboure. She underscored useful insights about the potential of two most important cryptocurrencies – Bitcoin and Ethereum – in shaping the future of […]
Cryptocurrencies
Facebook has finally made its long awaited foray into cryptocurrencies, but the project is a shadow of its ambitious initial plans. The company has launched its Novi digital wallet, but without the Diem cryptocurrency, which was supposed to be the cornerstone of the enterprise. The limited pilot will be restricted […]
NEW DELHI: Cryptocurrencies are once again in the news as the government is reportedly looking at fine-tuning the definition of income and gains for crypto assets in the upcoming budget. The Centre has sought opinion from senior tax advisors on whether the income earned from investing in cryptocurrencies could be […]
The fast-growing decentralized finance (DeFi) system—the collection of finance applications built on blockchain technology—holds promise for a new financial architecture that can eliminate the need for traditional intermediaries (such as banks, brokers, and exchanges) and reduce rents (excess profits) in the financial sector. But it also generates formidable challenges for […]
Questions of which, if any, regulatory regimes apply to the variety of participants in the cryptocurrency market continue to dog the industry. On February 28, 2022, whether a cryptocurrency futures trading platform constitutes a “futures commission merchant” (“FCM”) under the Commodity Exchange Act (“CEA”) subject to Bank Secrecy Act (“BSA”) […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. What’s happening: In a new report, the Financial Stability Board — an international […]