Cryptocurrency

Coinbase gets all-clear from SEC, setting stage for landmark cryp

Coinbase Global Inc, the largest U.S. cryptocurrency exchange, has received approval from regulators to list its shares on the Nasdaq, paving the way for a landmark victory for cryptocurrency advocates. The decision from the U.S. Securities and Exchange Commission (SEC) is another boost to the legitimacy of digital currencies, which are rapidly gaining acceptance from…

Govt mandates companies to disclose investments in cryptocurrenci

The Ministry of Corporate Affairs (MCA) has made amendments to rules in the Companies Act, mandating firms to disclose their investments in cryptocurrencies, spend on corporate social responsibility (CSR), and benami property transactions, among others, in their financial statements from the next financial year. Companies will also have to disclose their relationship with struck-off firms…

Nascent but growing crypto-universe under threat from proposed cr

Fears are rife about the future of cryptocurrency industry in India. Offering little foresight, the government is working on a cryptocurrency legislation that may or may not allow cryptocurrencies like Bitcoin to flourish here. There is, however, some confidence that the Centre will allow, rather, promote, innovations around blockchain, the underlying technology for Bitcoin “We…