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G20 discussions on crypto leaves industry hopeful, as blanket ban unlikely
Money Control
·
1y ago
Medial
During the recent G20 Summit in New Delhi, discussions on regulating cryptocurrency have left industry players in India hopeful for regulation instead of an outright ban. The discussions were based on a synthesis paper jointly released by the IMF and G20's Financial Stability Board. The paper provides policy recommendations and standards to address risks associated with crypto-assets and suggests collecting detailed data on crypto assets used in payments by 2025. While a complete ban is unlikely, the document emphasizes that blanket bans are ineffective and costly to implement. India is expected to wait for global regulations before establishing its own.
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Firms say instead of blanket ban, axe deepfakes with ‘ill intent’
Economic Times
·
1y ago
Medial
Social media companies are proposing that the government implement regulations to ban or remove content involving deepfakes only if it is released with criminal or ill intent, rather than imposing a blanket ban on all deepfakes. They argue that completely barring deepfake content could hinder innovation and new forms of content, particularly in advertising and marketing. The government intends to regulate deepfakes on the basis of them being misleading, but harmless entertainment value content may not be removed solely for being a deepfake. Discussions are ongoing between social media companies and the government regarding the issue of deepfakes.
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UK to end ban on retail investors buying crypto exchange-traded notes
Economic Times
·
2m ago
Medial
Britain's Financial Conduct Authority plans to lift a ban on retail investors buying crypto exchange-traded notes (ETNs), reversing its earlier stance due to perceived risks. The move aims to bolster growth and competitiveness in the UK's digital assets industry. Previously, only professional traders were permitted access to ETNs. The initiative is part of a broader regulatory shift to include cryptocurrencies, aligning more with the US approach, while maintaining a ban on retail trading of crypto derivatives.
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Democrats are drawing closer to the crypto industry despite Trump divisions
Economic Times
·
2m ago
Medial
Democrats are increasingly supporting cryptocurrency legislation as its political influence grows, despite some opposing its links to Trump. The GENIUS Act, aimed at regulating stablecoins, has bipartisan backing but faces criticism over excluding presidential restrictions from profiting. Trump’s crypto involvement adds controversy, with efforts to amend the bill unlikely to succeed. The legislation highlights crypto's impact on politics, with significant campaign contributions influencing both parties' stances on the industry.
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G20 leaders call for global governance for AI, inclusive digital public infra for service delivery
Economic Times
·
1y ago
Medial
G20 leaders on Saturday stressed on promoting international cooperation and further discussions on international governance for Artificial Intelligence and called for a secure, trusted, accountable and inclusive digital public infrastructure (DPI) for service delivery and innovation.
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India, Australia trade talks hit dairy, wine tariff hurdles as year-end deadline looms, say sources
Economic Times
·
28d ago
Medial
India-Australia trade discussions face setbacks due to India's refusal to cut tariffs on dairy and wine, critical issues for concluding the second phase of their trade pact. The reluctance stems from concerns over impacts on Indian farmers and the budding wine industry. Despite these hurdles, both nations remain hopeful, with India suggesting concessions on non-agricultural goods. The ongoing Comprehensive Economic Cooperation Agreement (CECA) seeks to enhance bilateral trade and economic resilience.
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TikTok ban fallout: Marvel Snap goes offline amid ByteDance controversy | Mint
Livemint
·
6m ago
Medial
Marvel Snap, a beloved digital card game, is unexpectedly caught in the US ban on ByteDance-owned apps, including TikTok. Despite ByteDance previously divesting from its gaming subsidiary, it remains linked to Marvel Snap as its publisher. Players are met with notifications that the game is currently unavailable in the US due to a new law. The situation leaves fans puzzled and concerned about their financial investments in the game, highlighting wider repercussions of the ban.
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Crypto influencers and 'degenerates' flock to Sam Bankman-Fried's trial
Economic Times
·
1y ago
Medial
There's an unlikely presence of crypto influencers and online personalities at the criminal trial of cryptocurrency mogul Sam Bankman-Fried. Among the attendees is a YouTuber known as Taco, who updates his online followers about the trial. The trial has brought together the worlds of federal court and the hyper-online crypto community, with reporters competing for seats alongside crypto influencers and personalities. The clash of cultures is evident, with individuals using jargon and referencing crypto-related topics during the trial. Crypto influencer Tiffany Fong and YouTuber Coffeezilla are among those present at the trial.
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Vivek Ramaswamy’s Strive Raises $750M to Build Bitcoin Treasury, Includes Bitcoin Education Plan in Ohio Schools | DeepNewz VC
deepnewz
·
2m ago
Medial
Vivek Ramaswamy's investment firm, Strive, has raised $750 million to develop a Bitcoin treasury. The initiative, highlighted at the Bitcoin2025 event in Las Vegas, aims to support crypto infrastructure, tokenized products, and web3 startups. The event, held at The Venetian from May 27–29, focuses on strategy, risk, and efficient legal solutions in the crypto space. Participants were encouraged to engage in discussions about scaling and innovating within the industry.
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Nigerian central bank lifts ban on crypto trading
Economic Times
·
1y ago
Medial
The Nigerian Central Bank has lifted the ban on cryptocurrency trading. The decision comes after a directive from the Nigerian President to promote digital innovation and technological advancements in the country. The move is expected to boost the growth of the crypto industry in Nigeria and pave the way for increased adoption and investment in digital currencies.
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Trump's Crypto Embrace Could Be a Disaster for Bitcoin
Wired
·
1y ago
Medial
The alliance between former President Donald Trump and the crypto world seems unlikely, considering his past skepticism and lack of understanding about cryptocurrencies. However, at the Bitcoin 2024 conference, Trump claimed credit for bitcoin's rise and promised to make the US the "crypto capital of the planet." His proposals, such as creating a bitcoin reserve and pardoning Silk Road owner Ross Ulbricht, go against the fundamental principles of decentralization and government non-interference that the blockchain represents. The crypto community's support for Trump may be misguided, as his regulatory approach could ultimately harm the industry's long-term stability.
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