Scott Bessent said Washington is working with European and Gulf allies to target Iranian financial networks, freeze assets and disrupt funding channels linked to Tehran.
Very recently, the Madras High Court, on 25 October, declared cryptocurrency a ‘property’ of the user. The question for declaring it as a property arose from a recent incident in which an investor, Rhuti Kumar, among other investors, lost savings in WazirX due to a cyberattack on the platform.
The police said that the matter came to light when a 64-year-old man, Suneet Kumar Suri, a resident of Vivek Vihar, was conned into investing Rs 2.25 lakh in a fraudulent scheme.
The Delhi Police on Monday arrested a Ludhiana-based businessman for allegedly duping a man of over Rs 31 lakh by luring him to invest in a fake cryptocurrency trading platform, an official said.
For the first time ever, the bitcoin spiked nearly 3% to cross the $121,000-mark on Monday. The cryptocurrency has more than doubled investors' wealth in one year, gaining over 103% during the period.
Top cryptocurrency exchange Coinbase quit India operations owing to "informal pressure" from the Reserve Bank of India (RBI), its CEO Brian Armstrong has revealed for the first time.
Regulation using technology will have to be so adept, that it has to be not behind the curve, but be sure that it is on the top of it.
According to RBI, CBDC is the same as currency issued by a central bank but takes a different form than paper (or polymer).
The 'Cryptocurrency and Regulation of Official Digital Currency Bill, 2021' is among 26 new bills on the agenda of the government for the winter session of the Parliament.
Industry players said the surge in the market cap indicates a wider acceptance of crypto assets across the globe, including in India.
