Regulations
By Steven Anderson
1 / 11
Regulatory issues in India and Facebook would not launch crypto in India. While the RBI order has been challenged in the Supreme Court of India, the case is in limbo…
2 / 11
Spokesperson for Facebook stated, “There are no plans to offer Calibra in India. As you may know, there are local restrictions within India that made a launch of Calibra not…
3 / 11
Though too early, the Libra Association is talking to potential “partners” providing a hint that there might not be any use case for Calibra in India.
4 / 11
Alexandru Voica stated, “Calibra will respect the legislation.” The social media giant is working with the local lawmakers in order to find out if legislation can be amended.
5 / 11
Several cryptocurrency exchanges have closed in India and the operators were citing difficulties in continuing with the operations due to lack of banking support.
6 / 11
Meanwhile the European Central Bank has stated that Bitcoin was not a currency. The ECB fails to recognize it as a currency.
7 / 11
Philip Lane stated, “Bitcoin is not a currency, it rather is an asset and it is very volatile.” The entire phenomenon had very little impact on the traditional economy.
8 / 11
According to another user, the inflation calculator of ECB showed a decline in the purchasing power of the Euro.
9 / 11
Shell, Oil and Natural Gas Giant is continuing exploration of Blockchain by investing an undisclosed amount in LO3, which is a New York based startup who are using a modified…
10 / 11
Kirk Coburn, Shell Venture Investment Director stated, “We see that it’s society’s ambition to live in a lower carbon environment.”
11 / 11
Earlier, shell had plans to raise capital by selling tokens which will be used on the platforms by using the ICOs; however, it has been put on hold.
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