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A committee headed by Subhash Chandra Garg, the Secretary Department of Economic Affairs, responsible for giving recommendations for the regulatory framework associated with cryptoassets in India is purportedly evaluating the legitimization of the asset class under concrete regulation. There is a common consensus that digital currency can’t be disregarded as entirely illegal.

Putting conjecture on cryptos such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) to an end, a government panel has proposed formulating a new strong law that will regulate that field, according to sources familiar with the matter. The panel revealed that all those currencies must be deemed ‘illegal,’ CNBC TV18 reported on Friday, December 7, 2018.

The Republic of India, a country in South Asia, might finally release the long-awaited regulatory draft on digital currency (crypto) before 2018 ends. This follows the recent ban by RBI, blackballing banks and other financial institutions from transacting with all crypto exchanges in the country.

Recently, news about the lifting of bans on crypto trading in China spread like wildfire. Unfortunately, it has turned out to be fake news and this has totally annoyed the Chinese cryptocurrency enthusiasts. This time around, the real truth was lost during the translation process and incompetent translators became the most patsies in this entire story.

China has made a lot of efforts to dismiss digital currencies from the country’s financial market. The central government banned all crypto exchanges and virtual coins, censored social media on the topic of crypto, but yet people found an alternative way to continue trading.

Cryptocurrency price trend turns bullish as good news hits the market. Major coins gain in price with XRP increasing by 21.53%.

Google is going to update its cryptocurrency-related advertising policy and lift its ban imposed back in March this year. However, ads will work only in the USA and Japan for now.

Regardless of the increase in control measures over Crypto trading, various observers are sure that Chinese investors will continue to skirt the ban, which makes it almost impossible for authorities to terminate trading, according to reports from the South China Morning Post (SCMP).

Mozilla Firefox users are more likely to observe cryptocurrency mining malware scripts blocked by default in upcoming releases of the improved web browser. Firefox is a free and open-source web browser developed by Mozilla Foundation and its subsidiary, Mozilla Corporation.