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India’s Supreme Court struck down a central bank directive that effectively outlawed virtual currencies in Asia’s third-largest economy.
Europe should update its laws to reflect the rise of digital currencies, the head of a Bitcoin startup said, after a successful US auction of Bitcoins was seen as a sign of their broadening appeal.
BRUSSELS: Europe should update its laws to reflect the rise of digital currencies, the head of a bitcoin start-up said, after a successful U.S. auction of bitcoins was seen as a sign of their broadening appeal.
WASHINGTON/BERLIN (Reuters) - Finance ministers and central bankers from the Group of Seven (G7) advanced economies strongly supported the need to regulate digital currencies, the U.S. Treasury Department said in a statement on Monday after a virtual meeting of the officials.
Thousands of websites, including ones run by United States and British government agencies, were infected for several hours on Sunday with code that causes web browsers to secretly mine digital currencies, technology news site The Register reported.
WASHINGTON: The head of the World Bank compared cryptocurrencies to “Ponzi schemes,” the latest financial voice to raise questions about the legitimacy of digital currencies such as Bitcoin.
Freedom from complications has some adult companies cheering the swell of digital currencies, including Bitcoin and Ethereum, and the rise of digital-payment tokens, which could help them skirt skeptical intermediaries and allow customers to make direct payments.
NEW YORK: An effort to allow investors to trade digital currencies as easily as stocks stumbled when a US exchange withdrew its application for government approval to list a bitcoin fund.