RBI states banks can't cite its 2018 crypto-ban order
The Reserve Bank of India clarified that banks can no longer cite its 2018 crypto ban circular, which was quashed by the Supreme Court in March 2020, to deny services to those dealing in cryptocurrencies. As banks now have a clear direction of dealing with cryptocurrencies, we are celebrating this welcoming move, stated CoinSwitch Kuber which recently turned four.
US President Joe Biden's top tech antitrust advisor Tim Wu holds between $1 million and $5 million in Bitcoin, POLITICO reported, citing Wu's personal financial disclosure. Wu, who is known for coining the term "net neutrality", also owns $100,001 to $250,000 in Filecoin, a storage platform for cryptocurrency. His investment in Bitcoin is the largest holding in his financial portfolio.
Cryptocurrency trading platform Coinseed is shutting down after being sued by New York Attorney General Letitia James for fraud and allegedly moving its investors' assets into Dogecoin without their consent. "I started Coinseed with the idea to create the next generation of crypto investing...today I'm announcing that I am winding down the business," Coinseed's Co-founder Del Davaasambuu said.