Cryptocurreny Panel

India should consider a regulatory sandbox approach to deal with issues related to crypto products and services, economic think tank GTRI said in its report on Sunday. Regulatory sandbox usually refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may (or may not) permit certain relaxations for the limited purpose of the testing. The Global Trade Research Initiative (GTRI) said that in the light of crypto's acceptance in the regular financial system in the US, it remains to be seen how India's crypto policy evolves in coming months. With the new US action, with ramifications on global capital flows, price of gold, foreign trade, it may not be possible to live with no regulation, it said. "India may consider adopting regulatory sandbox approaches, allowing for controlled testing of innovative crypto-related products and services. It may need to balance innovation with risk management and adapt advancements in blockchain

Worldcoin deploys a small device, christened the Orb to scan people's eyeballs to create a unique digital identity

Cryptocurrency news: Both Bitcoin and Ethereum have been trading below crucial support levels

The total market cap has improved marginally from $855 billion last Friday to $859 billion on December 9

BlockFi said in a statement that it will use the Chapter 11 process to "focus on recovering all obligations owed to BlockFi by its counterparties, including FTX and associated corporate entities"

The crypto exchange received 828 requests from law enforcement agencies, of which 764 were Indian and 64 were foreign

Cryptocurrency news: On Friday, the crypto market cap was at $826 billion, Bitcoin was trading at $16,451 and Ethereum at $1,180

With the fall deepening, experts said that the markets may not reach the November 2021 level anytime soon

It's unclear exactly who's making the transactions, but you wouldn't expect to see these on-chain trades at this time: Alex Svanevik, chief executive officer at Nansen

On Tuesday, the world's biggest exchange, Binance Holdings Ltd., was set to acquire troubled rival FTX.com. On Wednesday, Binance walked away from the deal citing problems with FTX's finances

Survey respondents also displayed a very broad church of opinions on crypto, emblematic of how despite the sector's relative infamy among traders, it's still a divisive topic

Red corner notice not tantamount to international arrest warrant: Jürgen Stock

The ED found that large amounts of funds were diverted by the fintech companies to buy crypto assets and then launder them abroad

Company says it's looking for new potential investors as it considers the option of restructuring

Since no one knows exactly what effect these privately issued currencies will have, the government is planning to pass a law on them in the forthcoming winter session of Parliament

Smallcaps, sugar stocks and shares of recently listed companies like Paytm, SJS Enterprises, Fino Payments Bank and PolicyBazaar were in demand

While cryptocurrencies are illegal, the government and regulators are aware of the need to set the template for a cashless future