FTX fall was ‘incredibly damaging,’ crypto must foster real utility: Ripple policy lead
Ripple’s APAC Policy Director has described the fall of FTX as “incredibly damaging” for the crypto space, but says the industry should stand the test of time if its focus shifts towards building “real utility.” In a statement sent to Cointelegraph, Ripple’s APAC policy lead Rahul Advani said he expects the FTX saga to lead […]
Democrat division over crypto isn’t all bad news for regulation
The Biden Administration has just passed an executive order furthering research into crypto assets in view of regulating them, but politicians within the ruling Democrat party remain deeply divided on digital currency. The lack of consensus among Democrats could mean that a progressive regulatory framework for cryptocurrencies could still be a long way off —but […]
Senator warns lack of regulations could harm Australian crypto innovation
Conservative Australian senator, Andrew Bragg, has asserted that Australia must introduce better regulations for crypto assets if the country is to “stay ahead of the game” and foster innovation. Appearing on Sky News, the member of the ruling Liberal Party — who is chairing a senate inquiry into Bitcoin and other digital assets — stressed […]
No crypto ban in India: Finance Minister predicts “very calibrated” stance
Yet another “crypto ban” turns out to be temporary FUD. In an interview with CNBC this morning, Indian Finance Minister Nirmala Sitharaman said that reports of a blanket ban on cryptocurrencies are overstated. While negotiations are ongoing, she said she expects the end result to be more tempered: “Yes, a lot of negotiations, discussions are […]