Brazil’s Senate approves ‘Bitcoin law’ to regulate cryptocurrencies

Brazil’s Senate has passed the country’s first bill governing cryptocurrencies in a plenary session, which will set the stage for the creation of a regulatory framework for the country’s crypto industry.  The bill must be approved by the Chamber of Deputies and then signed off by President Jair Bolsonaro to become law in the country. […]

Amazon CEO expresses optimism about the future of cryptocurrencies and NFTs

Speaking during an interview with CNBC after releasing his first shareholder letter as the new CEO of Amazon, Andy Jassy said that while he does not own any cryptocurrencies or nonfungible tokens, or NFTs, he is optimistic about the outlook of the industry. Jassy stated:  “We’re not probably close to adding crypto as a payment […]

Chinese Officials Say Bitcoin Doesn’t Make the Top 10 Cryptocurrencies

China’s Center for Information and Industry Development, or CCID, revealed on June 18 its 18th CCID Global Public Chain Technology Evaluation Index. This index ranked 37 well-known global cryptos using technical specifications. According to the table published by local media Chainnews, Bitcoin (BTC) was placed in the 12th place with 106.2 points. The criteria used […]

Indian Government Again Proposes Blanket Ban on Cryptocurrencies

The Indian Ministry of Finance has proposed to legally ban cryptocurrencies within the subcontinent. With this, the Indian crypto community is met with yet another unexpected turn. The proposal will first be sent to the Union Council of Ministers and then be forwarded to the Parliament for final review. The Economic Times report quoted a […]