In a recent development, the Indian Supreme Court has dismissed a Public Interest Litigation (PIL) that sought to establish regulatory frameworks and guidelines for cryptocurrency trading in the country. The bench, led by Chief Justice of India (CJI) Chandrachud, deemed the petitioner’s demands as more fitting for legislative consideration rather than a matter for the […]
FSB
Crypto Leadership: India’s G20 Presidency Championing Global Framework
At the helm of the Group of Twenty (G20) presidency, India has displayed unwavering support for the Financial Stability Board’s (FSB) recommendations to establish a comprehensive global framework for the burgeoning crypto asset landscape. This resolute stance comes as the nation underscores the urgent need to tackle the potential pitfalls of digital assets, particularly for emerging […]
JFSA Will Allow Overseas Stablecoins Domestic Distribution In 2023
The Japanese Financial Services Agency (JFSA) will allow the domestic distribution of stablecoins minted overseas beginning in 2023, as reported by local media on December 26th. Japan was one of the first advanced countries to establish stablecoin legal regulations and investor protections. Japan passed a law in June requiring tokens to be backed by the yen or another fiat […]
Financial Stability Board (FSB) Is Likely To Recommend Crypto Regulations in October
According to a statement released on Monday, the Financial Stability Board (FSB), a global organization that keeps an eye on financial systems and suggests regulations in an effort to avert financial crises, intends to offer suggestions for regulating cryptocurrency in October. The Group of Twenty (G-20) of the top economies in the world receives reports […]