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Crypto News Today – RBI Supports India Crypto Ban!

Crypto News Daily: The Indian Finance Minister speaks in the lower house of Parliament and states Global Collaboration is Essential for Crypto Ban!

  • Indian Finance Minister answers Crypto legislation questions by a Parliament member, clarifying the state of crypto adoption.
  • Sitharaman stated RBI views that it should ban cryptocurrencies in the nation.
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» Indian Finance Minister Affirms RBI Plans to Ban Crypto!

Nirmala Sitharaman addressed the lower house of Parliament, supporting the statement by the Deputy Governor of the Indian Central Bank. Her statements further stated that crypto assets are borderless and require global collaboration to prevent regulatory arbitrage.

  • T Rabi Shankar, in February 2022, said banning cryptocurrencies is the most advisable choice for India.
  • One of the five questions asked by the parliament member included whether RBI has released any warning or instructions regarding buying, trading, and holding cryptos within the last 10 years.
  • The latest known circular was presented to the public on April 6, 2018, that prohibited RBI’s regulated entities from dealing in virtual currencies.
  • Parliament discussions summary reflects the need for global consensus on banning crypto or enforcing stricter crypto regulations.

» More Crypto News Today!

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→ Dutch Central Bank Imposes $3.3 Million Fine on Binance!

The DNB has imposed a $3.35 million fine on the Binance platform for operating without license registration. The violations committed by the platform are subject to the third category fine, with administrative fines amounting to ~$2.03 million.

  • DNB mentions several additional reasons to increase the fine against Binance, besides operating without a license in the Netherlands.
  • The DNB regulations demand virtual asset service providers (VASPs) be registered under AML and ATFA Acts from 21st May 2020.

→ Crypto Crosses $1 Trillion Market Cap After Crypto Winter 2022!

Bitcoin (BTC), the biggest crypto, regains its $22K mark after a long Crypto Winter and several crypto market crises. Several other cryptos joined the rise of Bitcoin (+4%) like the Ethereum (ETH), crossing past the $1480 mark!

  • Ethereum crypto has grown more than 30% in the past week.
  • The crypto market registered over $76.9 billion in trade on Monday.
  • Positive market sprouts hope for the presently globally listed 20,255 cryptocurrencies.

The rise of crypto has also shown signs of growth on Wall Street, raising crypto firm valuations acc to crypto news sources.

  • Coinbase Global (COIN) stock valuations and Microstrategy (MSTR) grew by 6% and 7%, respectively.
  • Other gainers include Block (SQ) at 3%, Paypal (PYPL) at 2% besides, Marathon Digital (MARA), and Riot Blockchain (RIOT) at 7% and 8% each.
  • Simultaneously, the S&P 500 (SPX) rose by 1%, with Nasdaq (COMP) growing past 1.2%

→ 9dcc – Gmoney Launches Crypto Native Luxury Fashion Label!

The anonymous creator and collaborator in the NFT market have announced the release of its 9dc label, that “…connects two universes seamlessly.”

The 9dcc collection under the direction of Gmoney creative will offer a wide range of materials and craftsmanship and illustrative storytelling at selective distribution like heritage-driven fashion houses. 

  • The first 9dcc launch will be known as ‘Iteration-01’, to be announced in the upcoming weeks.
  • The NFT will feature a high-end T-shirt available for the Admit One (@admit0001) members.
  • Gmoney has previously collaborated with brands such as Adidas.

Crypto Sale Today – July 18th, 2022

On the global crypto market, the top cryptocurrency prices appear to favor crypto today. The following figures reflect their positions:

crypto news
  • (BTC) Bitcoin
    • Average Price: $21,968.18
    • 24h: – 1.24% ↓
  • (ETH) Ethereum
    • Average Price: $1,463.21
    • 24h: – 1.81% ↓
  • (BNB) Binance Coin
    • Average Price: $259.81
    • 24h: – 1.13% ↓
  • (XRP) Ripple
    • Average Price: $0.3609
    • 24h: – 2.02% ↓
  • (ADA) Cardano
    • Average Price: $0.4879
    • 24h: – 1.40% ↓
  • (SOL) Solana
    • Average Price: $41.63
    • 24h: – 0.83% ↓

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