Terraform Founder Do Kwon Charged for Forging Documents by Montenegrin Police

Terraform Founder Do Kwon Charged for Forging Documents by Montenegrin Police

ByNews Polite

Montenegrin police on Friday formally charged Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion (nearly Rs. 3,29,500 crore) or more last year, for forging official documents after arresting him on Podgorica airport. Do Kwon, a South Korean national, and a second suspect have been…

RBI Suggests Common Approach to Crypto Assets to Avoid Potential Financial Risks

RBI Suggests Common Approach to Crypto Assets to Avoid Potential Financial Risks

ByNews Polite

To address potential financial stability risks and protect investors, it is important to arrive at a common approach to crypto assets, the Financial Stability Report released by RBI said on Thursday. In this context, various options are being considered internationally, it said. One option is to apply the same-risk-same-regulatory-outcome principle…

Tether Announces to Reduce Commercial Paper Holdings by July End Amid Crypto Gloom

Tether Announces to Reduce Commercial Paper Holdings by July End Amid Crypto Gloom

ByNews Polite

Tether, the world’s largest stablecoin, said on Friday it had cut its commercial paper holdings by around 58 percent as part of an earlier commitment to reduce its exposure to riskier assets. Stablecoins — a variety of cryptocurrencies designed to keep a steady value — are in sharp focus after…