UK Financial Regulator FCA Won’t Regulate Bitcoin and Ether

Britains’ financial regulator, the Financial Conduct Authority (FCA), will not regulate Bitcoin (BTC) as a part of its recent guidance on crypto assets. On July 31, the FCA issued its finalized policy statement on cryptocurrencies in a document titled “PS19/22: Guidance on Cryptoassets.” The document represents an updated version of a consultation paper on crypto…

India’s central bank authorizes cryptocurrencies

According to a report by CNBC India, The Reserve Bank of India (RBI) has authorized cryptocurrencies. The news comes after an elongated tussle between the cryptocurrency entities and other stakeholders in the country and the central bank. In fact, the case has been taken to the Supreme Court but still awaiting a ruling. The report indicated…