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India asks IMF, FSB to prepare technical paper on regulating crypto

by AIP Online Bureau | Feb 26, 2023 | Eco/Invest/Demography, Indian News, Regulation, Technology, Wealth Management/ Philanthropy

Despite the rapid evolution of the crypto universe, there is no comprehensive global policy framework for crypto assets. Given the concerns over greater interconnectedness between crypto assets and the traditional financial sector as well as the complexity and...
IMF flags debt restructuring hurdles, says banning crypto should be an option

IMF flags debt restructuring hurdles, says banning crypto should be an option

by AIP Online Bureau | Feb 25, 2023 | Eco/Invest/Demography, International News, Regulation, Technology

“We have to differentiate between central bank digital currencies that are backed by the state and stable coins, and crypto assets that are privately issued,” Georgieva said. “There has to be very strong push for regulation… if regulation fails, if...
RBI favours prohibition of unbacked crypto assets

RBI favours prohibition of unbacked crypto assets

by AIP Online Bureau | Dec 30, 2022 | Eco/Invest/Demography, Regulation, Technology, Wealth Management/ Philanthropy

The framework proposes that authorities should have appropriate powers, tools and resources to regulate, supervise, and oversee crypto assets activities and markets, both domestically and internationally, proportionate to the financial stability risk they pose,”...
RBI Deputy Guv Rabi says whatever data on crypto is available is misleading

RBI Deputy Guv Rabi says whatever data on crypto is available is misleading

by AIP Online Bureau | Dec 11, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

Data is not available. Whatever data is available is misleading. And making regulations in the absence of adequate information carries a high probability of us ending up with the wrong set of prescriptions,” T Rabi Sankar said at a virtual conference hosted by...
Cryptoverse: Forget crypto winter, this is a bitcoin ‘bloodbath’

Cryptoverse: Forget crypto winter, this is a bitcoin ‘bloodbath’

by AIP Online Bureau | Dec 6, 2022 | Eco/Invest/Demography, International News, Risk Management, Technology, Wealth Management/ Philanthropy

It’s been a brutal year for investors. Bitcoin’s price has dropped 63%, while the overall cryptocurrency market capitalization has lost $1.63 trillion in value. The collapse of Sam Bankman-Fried’s FTX exchange hammered a long nail into the market....
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