Key Takeaways
- Legislation relating to cryptocurrency will be discussed in India's lower house of parliament during the winter session, which begins on Monday, Nov. 29.
- The former Secretary of State has reaffirmed her opposition to cryptocurrencies, believing that they could strengthen eastern superpowers at the expense of the US.
- U.S. investment firm Grayscale has purchased additional GBTC shares at a discount to increase its Bitcoin holdings.
However, there are a few exceptions in the bill titled "The Cryptocurrency and Regulation of Official Digital Currency Bill 2021" that allow for the "underlying technology of cryptocurrency and its uses."
There has been a lot of discussion about whether the Indian government will ban cryptocurrencies like bitcoin (BTC) and ether (ETH) (ETH).
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The bill itself has not been made public, and the government has not issued any official statements regarding the bill. Numerous sources have been quoted by publications and industry insiders as saying that this is the case.
To Maintain the U.S. Dollar's World Reserve Status, Hillary Clinton Supports Cryptocurrency Regulators
Ex-first lady and US Secretary of State Hillary Clinton recently called for the Biden administration to regulate crypto markets. She argued that Russia and China could "manipulate" the technology and even "destabilize" the dollar's status as the world's reserve currency.
In an interview with MSNBC's Rachel Maddow on Wednesday, Hillary Clinton reaffirmed her anti-cryptocurrency stance. Her remarks were part of a larger discussion about regulating tech companies in order to protect them from foreign influence..
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Source: cryptopotato
With Google and Apple recently complying with the Russian authorities, Clinton turned to the issue "on the horizon," which was a reference to the crypto-market. Russian or Chinese "control" over certain cryptocurrency chains could lead to "even larger sums of money," according to her.
She, on the other hand, believes that crypto poses a threat that extends beyond nation-states.
Morgan Stanley continues to buy more grayscale bitcoin shares
Over $300 million has been added to Morgan Stanley's Bitcoin exposure by purchasing additional shares of the Grayscale Bitcoin Trust (GBTC) for three of its funds during the third quarter.
As of the end of the third quarter of this year, Morgan Stanley Institutional Fund's Growth Portfolio held 3,642,118 shares of GBTC, an increase of 71 percent from the end of Q2.
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