GildCoin - Crypto News

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2022-05-01 20:00:04 ​India Exploring Commercial Uses for Central Bank Digital Currency, Says Finance Minister

The Indian government is exploring “several commercial use purposes and not just financial inclusion” for its central bank digital currency. India’s finance minister clarified that the aim is for the digital rupee, which will be backed by the Reserve Bank of India (RBI), to be issued by 2023.

Indian Finance Minister Nirmala Sitharaman talked about the country’s central bank digital currency (CBDC), the digital rupee, this week at a business roundtable on “Investing in India’s Digital Revolution” in San Francisco.

The event was organized by the Federation of Indian Chambers of Commerce & Industry (FICCI), a non-governmental trade association and advocacy group based in India. It was hosted by the U.S.-India Strategic Partnership Forum (USISPF).

Reiterating that the government and the Reserve Bank of India (RBI) aim to introduce India’s central bank digital currency in 2023, the finance minister described:

The government and RBI are looking into its several commercial use purposes and not just financial inclusion.

She noted that financial inclusion “is largely achieved through the JAM trinity (Jan Dhan-Aadhaar-Mobile).” The minister of finance previously claimed: “The JAM trinity concept of the Narendra Modi government helped to reach the farthest person in the country.”

Sitharaman emphasized that the Indian government maintains a consistent digital push across all industries. She stressed: “Central bank digital currency, digital banks, and digital university were announced in the Union Budget. There is a continuous digital nudge by the government across sectors.”

The finance minister explained during her Budget speech that the introduction of a central bank digital currency will give a big boost to the country’s digital economy, stating:

Digital currency will also lead to a more efficient and cheaper currency management system.

Meanwhile, the Indian government is working on the country’s crypto policy. The finance minister said this week that the decision will not be rushed through. RBI Deputy Governor T. Rabi Sankar said the central bank would go about launching a digital rupee “in a very calibrated, graduated manner, assessing impact all along the line.”

Finance ministry officials are also discussing crypto regulation with the International Monetary Fund (IMF) and the World Bank. Open / Comment

2022-04-29 21:00:04 NFT DROP COMPETITION for first skill-based racing game on Solana IS ON

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2022-04-29 19:00:06 KunciCoin(BSC)

KunciCoin keeps on pushing their way to succeed And getting listed in HOTCOIN GLOBAL and 3 big Exchanges

World class musicians and artists like Band Ifan Seventeen releasing their Music and arts regularly on
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They are verified on
Kuncicoinglobal Twitter
Kunci-Indo Twitter
CoinMarketCap
With a market cap of 7 million

They have listed in 18 exchanges
Now they will keep pushing listing until they reach 100 exchanges

Since we posted, over 18 top exchanges were listed, over 5M$ to $11M of daily trading volume and a game studio with downloads.

They are Coming with their OWN BLOCKCHAIN ECOSYSTEM
U need to check this Wonderful coin from Indonesia

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CA
0x6cf271270662be1c4fc1b7bb7d7d7fc60cc19125 Open / Comment

2022-04-28 20:00:07 ​Russian Law Enforcement Submits Proposals to Regulate Seizure of Crypto Assets, Data Sharing

Russian Ministry of Finance has accepted a number of crypto regulatory proposals submitted by the country’s law enforcement departments. They cover a range of related areas, including the seizure of digital assets and the reporting of information on cryptocurrency transactions.

Russia’s Ministry of Finance (Minfin) has supported some regulatory ideas regarding cryptocurrencies put forward by the nation’s law enforcement services, the daily Izvestia unveiled this week. The ministry is responsible for drafting the legislation that will introduce comprehensive rules for the nation’s crypto space, which is only partially regulated at the moment.

The new bill “On Digital Currency” is expected to be filed with the State Duma, the lower house of Russian parliament, in May. A number of government institutions have provided feedback and suggested amendments to the draft, including several relevant ministries, the Federal Tax Service (FNS), and Russia’s financial watchdog, Rosfinmonitoring.

Law enforcement departments have also proposed certain provisions pertaining to their respective fields. For example, the Federal Security Service (FSB) wants to oblige crypto exchanges and wallet providers to share information not only with courts but also with investigators working on cases involving digital financial assets.

The Ministry of Internal Affairs (MVD) believes that the draft law “On Digital Currency” does not fully detail the procedure that exchanges should follow when they have to freeze cryptocurrency funds following a court order. The department also calls for the adoption of rules for the establishment of wallets that will be used to store confiscated crypto assets.

According to a document seen by Izvestia, the Minfin has agreed to incorporate the proposals of the FSB and MVD into the new law. The ministry has also accepted the suggestion of the FNS to tighten regulations for unlicensed crypto exchanges and wallet providers. The tax service wants to ban the advertising of such platforms in Russia.

However, the finance ministry has rejected other initiatives of the security and tax officials aimed at introducing even harsher rules. The department considers it inappropriate to impose “excessively detailed and strict regulation” at this stage of the crypto market’s development, warning this could cause an outflow of both customers and investors.

Meanwhile, Prosecutor General Igor Krasnov has reiterated his opinion that digital currency provisions should be added to Russia’s criminal law. This will help law enforcement to investigate cases of cryptocurrency theft and seize crypto funds. In his annual address to the Federation Council, the upper house of parliament, Krasnov noted that crime involving virtual assets is on the rise. Open / Comment

2022-04-25 20:00:06 ​Bitcoin, Ethereum Technical Analysis: ETH, BTC Fall to 5-Week Lows

Both ETH and BTC fell close to five-week lows to start the week, as losses in crypto markets extended on Monday. Following bearish pressure over the weekend, BTC started the week trading below $39,000, while ETH was under $2,900.

Bitcoin started the week trading in the red for a fifth consecutive session, as prices dropped to multi-week lows.

Following a peak of $39,845.92 on Sunday, BTC/USD plunged to an intraday bottom of $38,338.38 earlier today.

This drop is the lowest level BTC has traded at since March 15, when price hit a bottom of $38,141.

Although price has moved marginally away from earlier lows, this recent descending pressure has led some to believe that more declines could be ahead.

Looking at the chart, there seems to be a key support point at the $37,570 level, which hasn’t been hit since mid-March, and should bearish momentum persist, this will likely be the next price target for traders.

Relative strength is also lower, with the 14-day RSI breaking out of its own floor of 40 this weekend, with a lower support also potentially on the horizon.


The world’s second-largest cryptocurrency was also down on Monday, as recent bearish sentiment continues to impact prices.

As of writing, today’s low sees ETH/USD fall to a bottom of $2,804.51, which comes after a high of $2,961.88 yesterday.

This bottom is the lowest level ethereum has traded at since March 18, and comes following seven days of lower lows.

The latest low comes after the support level of $2,950 was recently broken, with momentum of the 10-day and 25-day moving averages also fading in the process.

Looking at the chart, the 14-day RSI is now tracking at 37.8, which is the weakest level for the indicator since late February.

Despite the recent selloff, ETH is still up from its level at the same time last month, when it was trading at a floor of $2,500. Open / Comment

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2022-04-23 17:00:08 KunciCoin (BSC) ||

Thrilled to announce our staking feature for KunciCoin will open soon You can get up to 15% APY, by staking you $KUNCI on doyanrebahan.com

KunciCoin keeps on pushing their way to succeed in DeFi and we are proud to see that they are going to be listed on
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They have listed in 18 exchanges in last one month and with lot of Utilities

Now they will keep listing until they reach 100 exchanges

Since we posted for the first time, over 14 top exchanges were listed, over 8M$ to $11M of daily trading volume and a game studio with downloads

They are Coming with their OWN BLOCKCHAIN ECOSYSTEM AND 3 BIG EXCHANGES
U need to check this Wonderful coin from Indonesia

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Announcement channel
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2022-04-22 20:00:07 ​National Bank of Ukraine Temporarily Bans Cross-Border Crypto Purchases With Hryvnia

The central bank of Ukraine has introduced additional restrictions on international transactions that will prevent Ukrainians from buying crypto assets abroad with the national fiat. The measures are intended to reduce capital outflow amid an ongoing military conflict with Russia.

The National Bank of Ukraine (NBU) has issued a notice detailing the introduction of certain restrictions on cross-border transactions that private individuals can make. The move aims to curb the “unproductive outflow of capital from the country under martial law,” the regulator stated.

Ukrainian residents will be allowed to acquire assets that can be directly converted to cash, or quasi cash transactions, using only their own foreign currency up to the equivalent of 100,000 hryvnia ($3,400) per month. The limit applies to cross-border peer-to-peer (P2P) transfers as well. These non-cash transfers can be carried out with cards issued to accounts in foreign currency.

The quasi cash transactions include a range of operations like replenishment of electronic wallets or forex accounts, payment of traveler’s checks, and purchase of virtual assets, the monetary authority elaborated. The new regulations come after when, in March, the largest commercial bank in Ukraine, Privatbank, halted hryvnia transfers to cryptocurrency exchanges.

In order to facilitate financial support for Ukrainian refugees abroad, the NBU allows Hryvnia account holders to make cross-border P2P transfers within the 100,000-hryvnia monthly limit. However, the central bank emphasized that quasi cash transactions from these accounts in national currency are temporarily prohibited.

The National Bank of Ukraine insists that these rules will help to improve the country’s foreign exchange market, which it considers a precondition for easing restrictions in the future. The regulator is also convinced that the measures will reduce the pressure on Ukraine’s foreign currency reserves.

The Ukrainian foreign exchange market has processed significant volumes of foreign currency purchases by local banks for settlements with international payment systems. Such transfers reached $1.7 billion in March. The demand for these settlements stems from the increased use of cards issued by Ukrainian banks to accounts in national currency for the purchase of goods and services outside the country.

Bank cards are also employed in quasi cash transactions that the NBU says are mainly carried out to circumvent its restrictions, particularly for investing abroad which is prohibited under the current martial law. The bank notes, however, that the new limitations do not apply to the use of cards to pay for goods and services in Ukraine and outside the country. Open / Comment

2022-04-20 17:00:08 ​ BREAKING NEWS (For #AQRU)

The critically acclaimed (By the economic times and many more) AQRU is launching an AMA coming this Friday!

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In addition to speaking to a crypto project founder

Follow our accounts for more details.

Telegram: https://t.me/AQRU_Official

Twitter: https://bit.ly/AMAAQRU Open / Comment