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Govt reviewing crypto position due to global changes, senior official says

Govt reviewing crypto position due to global changes, senior official says

by AIP Online Bureau | Feb 2, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy

“More than one or two jurisdictions have changed their stance towards cryptocurrency in terms of the usage, their acceptance, where do they see the importance of crypto assets. In that stride, we are having a look at the discussion paper once again,”...
Losses from crypto hacks jump to $2.2 bln in 2024, report says

Losses from crypto hacks jump to $2.2 bln in 2024, report says

by AIP Online Bureau | Dec 26, 2024 | Eco/Invest/Demography, Risk Management, Technology

Among the most notable hacks are the theft of more than $305 million from Japan’s crypto exchange DMM Bitcoin in May and the loss of $235 million from India’s WazirX in July Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in...
Govt reviewing crypto position due to global changes, senior official says

Banks to publish crypto asset exposure from 2026, global regulators say

by AIP Online Bureau | Jul 5, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Regulation, Risk Management, Technology

“These disclosures aim to enhance information availability and support market discipline,” the Basel Committee on Banking Supervision said in a statement Global banking regulators have approved templates for banks to disclose their exposure to crypto assets from...
SEBI open to oversight of crypto trade, in contrast to Reserve Bank

SEBI open to oversight of crypto trade, in contrast to Reserve Bank

by AIP Online Bureau | May 16, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology, Wealth Management/ Philanthropy

Sebi said it could monitor cryptocurrencies that take the form of securities as well as new offerings called Initial Coin Offerings (ICO). It could also issue licenses for equity market-related products, said the person aware of the panel’s discussions Mumbai:...
Losses from crypto hacks jump to $2.2 bln in 2024, report says

North Korean hackers stalk crypto startups scrimping on security

by AIP Online Bureau | Mar 25, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

Hacks and scams cost the crypto industry an estimated $1.8 billion last year, down about 50% from 2022, according to Immunefi, which runs a platform where companies offer bounties to those who locate and flag security flaws in their software. A drop in the very...
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