bitcoin Cryptocurrency News india regulation SBI 

India’s Biggest Bank Plots Scary Debit Card Kill-Switch Similar to Crypto Ban

India’s biggest lender is looking to ‘eliminate’ debit cards altogether in a possible effort to cut down on capital flight. | Source: Shutterstock By CCN Markets: India’s largest bank, the State Bank of India (SBI), has announced an initiative yesterday in which the state-owned financial institution seeks to eliminate debit cards to promote digital transactions. In light of the SBI’s ambitious project, it has now become clearer that India’s last month plans to ban all crypto assets is total nonsense. ‘Let’s digitize payments, but we should ban crypto’ Despite the…

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Blockstack Cryptocurrency News regulation sec 

Blockstack Paves Way for Blockchain Startup Fundraising with SEC Nod

Blockchain startups have received a dose of clarity on the fundraising landscape, and you can feel the excitement in the air. The U.S. securities regulator has given Blockstack the green light to sell Stacks (STX) tokens in the maiden SEC-approved crypto deal of its kind. The utility token sale will happen via an offshoot of an IPO known as Regulation A+, which was created several years ago. Blockstack is targeting a $28 million token sale that will be open to the public. It has the potential to be a game-changer…

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Cryptocurrency News and Breaking Crypto Updates 24/7 facebook GlobalCoin regulation Stablecoins 

Facebook Recruits Bank Lobbyist for Regulatory Assist with Crypto GlobalCoin

By CCN Markets: Facebook has just hired a senior UK bank lobbyist ahead of GlobalCoin launch to help the company cope with European regulations. According to the Financial Times, Facebook will employ Standard Chartered European Head of Corporate and Public Affairs Ed Bowles from September as its London-based director of public policy. Bowles leaves Standard Chartered after 12 years to join Facebook, the company that is expected to release the whitepaper of its upcoming centralized cryptocurrency, GlobalCoin, in four days. Regulatory Compliance in the Spotlight As Facebook had been facing…

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Crypto G20 regulation 

G20 Ministers Discuss Crypto Benefits, Commit to Risk-focused Vigilance

By CCN Markets: Global finance ministers and central bankers reconfirmed their multilateral support of crypto-industry regulations on the weekend in Japan. They were attending the G20 Finance Summit ahead of the Leaders’ Summit in late June. There were no surprises for the crypto-currency markets in the Communique sent out by Japan’s Minister of Finance on Sunday. The 14-point document reflects the outcomes of the weekend discussions between Finance Ministers and central bankers. The finance leaders put their support behind crypto-assets while remaining vigilant in monitoring the risks they pose. They…

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CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from   CCN’s visibility index on shows how our site was affected by Google’s Core Update. As data from SEO analyzer Sistrix shows, our visibility on Google dropped from 1.2 to less than 0.6. You might say we ought not to face any…

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Crypto Kik Kin Opinion regulation sec 

US Securities Watchdog Says Desperate Kik Turned to Blockchain Tokens

By CCN: According to documents tweeted by lawyer Stephen D. Palley, the government accuses Kik of turning to selling tokens out of desperation. The accusation is part of a motion to discover. Will the SEC pull off a massive win against Kik? | Source: Twitter Will Kik Open the Floodgates? The government is looking to ransack Kik as a result of its decision to buck the system. Not everyone thinks this will go well. Many people have to wonder why Kik is playing ball in quite this fashion, potentially opening…

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google Opinion regulation U.S. Business News U.S. Justice Department 

Google Faces Likely Antitrust Probe by the US Dept of Justice: Report

By CCN: Google parent company Alphabet is on the hot seat with the U.S. Department of Justice. The Wall Street Journal reported Friday that the DOJ is preparing an antitrust investigation into the internet search giant. It’s not the first time Google has been investigated for violating U.S. federal antitrust statutes. It is, however, the first time the DOJ has opened such an inquiry. Google and EU Antitrust Laws In 2016, the EU slapped Google down with a severe $5.1 billion antitrust penalty for requiring Android device makers to issue devices…

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CFTC Crypto J Christopher Giancarlo regulation 

‘Crypto Dad’ Pens Heartfelt Open Letter Ahead of CFTC Exit

By CCN: J. Christopher Giancarlo, Chairman of the US Commodity Futures Trading Commission (CFTC), is preparing to step aside after five years on the job. The regulator, lovingly nicknamed “Crypto Dad,” penned a heartfelt open letter to the blockchain world ahead of his exit from the agency. The CFTC Has Always Been More Crypto-Friendly Than The SEC The CFTC, which regulates commodities and futures, has adopted a more accommodative stance towards crypto than the more guarded SEC. Having approved the launch of bitcoin futures contracts at the Chicago Board Options…

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Elon Musk regulation Securities and Exchange Commission U.S. Business News 

Elon Musk’s Deal with Wall Street Watchdog Could Mean Less Tweeting

By CCN: Nobody puts Elon Musk in a corner. Well, maybe the SEC. The Tesla CEO has reached a settlement with the U.S. securities watchdog. According to the court filing, which still requires a judge’s John Hancock, Musk will be tweeting a whole lot less than he’d probably like, certainly less than his 26.1 million followers would like. The SEC is putting Elon Musk in a corner. | Source: The deal, which was filed with the U.S. District Court Southern District of New York, means that Musk has agreed…

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Elon Musk regulation sec Tesla U.S. Business News 

Elon Musk, SEC Need More Time to ‘Put on Their Reasonabless Pants’

Get Exclusive Analysis and Investing Ideas of Future Assets on Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: Elon Musk and the SEC are talking, demonstrating progress in a regulatory battle that has been drawn out for months. While the Tesla CEO and the securities regulator…

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