the Treasury and the Bank of England to look at the case of a new “Britcoin”. On the other hand, in India, previous reports claimed that the government intends to propose a law to ban cryptocurrencies and impose penalties on anyone who is holding or trading such digital assets in the country. However, The Economic Times issued a report on Wednesday (19 May), quoting three sources which claim that the central government may set up a panel of experts to determine if regulating cryptocurrencies is a better option than a complete ban.
Meanwhile, China, which has begun issuing its own blockchain-powered digital currency, has decided to crack down on the world’s largest cryptocurrency. With Chinese banking authorities imposing a ban on the use of Bitcoin by financial institutions and payment companies, a long-predicted sell-off took place and amid…
