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The founder of India's third largest private bank has labeled digital currency as an "alternate market currency" amid Finance Minister Nirmala Sitharaman's claim that digital currency cannot be a legal currency.
Indonesia's Financial Services Authority regulatory guidance intends to serve as a compass for financial institutions exploring virtual asset services for their customers.
India's Finance Minister Nirmala Sitharaman insists that digital currencies cannot be a legal currency in India, they are simply assets for trading and speculation, she said.
U.S. copyright and trademark watchdogs noted that most NFT creators are unaware of their IP obligations, but they dismissed the need to formulate new laws.