One of the world’s largest banks, the government-controlled State Bank of India, does not mind the heavy regulation of crypto in the country. This is according to the bank’s chairman Rajnish Kumar. According to The Economic Times, Kumar has stated that regulation is necessary for cryptocurrencies to prevent their unlawful use: “Let’s see. Because there’s a dark side of the internet also. There can be misuse of the digital currencies. That is why regulation is must.” Continue reading India’s Largest Bank Supports Heavy-handed Crypto Regulation
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Blockchain-Challenged Authorities Take Down Crypto’s Largest Dark Web
It appears safety standards for criminals on the dark web are shrinking quickly. Following a series of raids in both Germany and the United States, American and European officials have succeeded in taking down what they call one of the world’s “largest online criminal trafficking operations.” The problem is it took authorities two years to take down the bad guys, paving the way for millions in crypto funds to be stolen in the interim. Continue reading Blockchain-Challenged Authorities Take Down Crypto’s Largest Dark Web
Switzerland’s Largest Online Retailer & Fortune 500 Electronics Now Accepting Crypto
Eight coins from the top 10 coins by 24-hour volume posted positive changes, ranging from 0.03% to 15.37%. Switzerland’s largest online retailer is now accepting cryptocurrency payments. Fortune 500 Electronics firm Avnet now accepts cryptocurrency payments. Continue reading Switzerland’s Largest Online Retailer & Fortune 500 Electronics Now Accepting Crypto
Japanese Largest Shipper to Launch Stablecoin to Pay Sea Workers
Nippon Yusen Kaisha (NYK), a shipping and logistics company based in Japan, has announced plans to introduce a digital currency as a means of providing service payments to members of its crew, according to a Bloomberg report. Continue reading Japanese Largest Shipper to Launch Stablecoin to Pay Sea Workers