India may issue a blanket ban on all cryptos, statements from top officials indicate. However, the government is drafting a new bill that would allow for the private use of cryptos. Just last week, the country introduced a Cryptocurrency and Regulation of Official Digital Currency Bill 2021. The bill spooked investors, as it was identical to the draft of the 2019 bill to ban crypto. The bill wrote that it intended to "create a facilitative framework" for India's official digital currency. To…
Tag: Mt.Gox
Mt Gox Rehabilitation Plan Approved By Virtually All Creditors
Creditors of Mt Gox, a former Japanese Bitcoin exchange, have finally agreed to a rehabilitation plan after seven months of voting. For those who don't know, hackers reportedly attacked Mt Gox in 2014, and stole thousands of its customers' Bitcoin reserves. Now, the project will return a fraction of those bitcoins to its customers, which still amounts to over $9 billion. Rehabilitation On The Way As indicated in a report released earlier today, over 99% of creditors approved the rehabilitation…
1 month ago
Hope For Mt.Gox Creditors Grows As Kobayashi’s Rehabilitation Plan Goes To Vote
Creditors of the infamous Mt.Gox crypto exchange may soon have something to smile about. This follows an invitation for them to vote on a Draft Rehabilitation Plan for the defunct exchange. In a May 31st notice to the exchange's victims, Mt.Gox's Rehabilitation Trustee Nobuaki Kobayashi announced the start of the voting process that could see them recoup part of their funds. The move follows a February 22 Tokyo District Court order okaying the process. Earlier, Mr. Kobayashi had sought the…
6 months ago
