RATE Group | Regulatory Roundup: China Rekindles Cleanup, US Widens Oversight, India Defers Decisions
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Regulatory Roundup: China Rekindles Cleanup, US Widens Oversight, India Defers Decisions

25 Nov Regulatory Roundup: China Rekindles Cleanup, US Widens Oversight, India Defers Decisions

Posted at 18:08h in Bitcoin News by

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Regulatory Roundup: China Rekindles Cleanup, US Widens Oversight, India Defers Decisions

News.Bitcoin.com has initiated a regular roundup of cryptocurrency regulatory developments around the world. For the first edition, we cover six U.S. regulators and India’s decisions on the supreme court hearing and crypto bill. We also cover China’s rekindled cleanup and Singapore’s derivatives trading proposal, along with the tax authority’s clarification of how GST applies to crypto transactions.

Also read: Survey: 58% of German Banks Charge Negative Interest Rates

China Rekindles 2017 Order

On Nov. 22, the Shanghai Head Office of the People’s Bank of China (PBOC) issued a notice regarding crypto oversight, sending the media wild with headlines of fresh Chinese crackdown. The notice was prompted by rising crypto activities as companies heavily promoted blockchain technology following bullish statements by President Xi Jinping. This notice is based on a standing order issued on Sept. 4, 2017, by seven regulators, including the PBOC,…

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