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| India Restricts Cryptocurrency in Favor of Own State-Backed Crypto During the week, news broke of India's changing stance on cryptocurrency with headlines from several news sources hinting at a potential Indian crypto ban, sending markets into a panicked whirlwind and causing a Bitcoin price drop to $6,600. With common sense returning as the dust settles and ...
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| Chinese Cryptocurrency Mining Company Plans to File IPO Outside of China They say a rising tide lifts all boats, and as the interest in cryptocurrencies continues to grow, so too does the interest in cryptocurrency mining. As a result, GPU and ASIC equipment manufacturers have reported a drastic rise in demand. Following this trend, Hangzhou-based cryptocurrency mining ...
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| Dubai-based firm issues gold-backed cryptocurrency to draw Muslim investors In Malaysia, HelloGold launched an initial offer of its gold-backed cryptocurrency in October, receiving approval from Islamic scholars at Kuala Lumpur-based Amanie Advisors. Manuel Ho, HelloGold's chief marketing officer, said its coin was Islamic as transactions occurred within a defined period, ...
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| Following India: Pakistani banks banned from Cryptocurrency Transactions The Reserve Bank of India, which is India's apex bank, announced on Friday that public sector and private sector banks and financial companies operating in the country under the ambit of the RBI are prohibited to have any links with any individuals or companies dealing with cryptocurrencies, causing a ...
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