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China Never Banned Bitcoin as Commodity, Beijing Arbitration Commission Explains

The Beijing Arbitration Commission has published an article clarifying that bitcoin’s use as a commodity has never been banned in China. It explains that the Chinese authorities’ attitude toward controlling bitcoin revolves around three areas. China Recognizes Bitcoin as Commodity The Beijing Arbitration Commission published an article on the legal nature of bitcoin in China on Thursday. The Beijing-based independent, non-profit organization offers services in arbitration, mediation, and other dispute resolution mechanisms. The article was authored by economist Wang Jin, an arbitrator for the commission. “There are still differences in the understanding of the legal nature of bitcoin under the…

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Former Finance Secretary Subhash Chandra Garg Proposes Regulating Crypto as Commodity in India

Subhash Chandra Garg, former Finance and Economic Affairs Secretary of India, has told the Indian crypto community that crypto assets should be regulated as commodities. However, he stands by his draft crypto bill that bitcoin and other cryptocurrencies should be outlawed. Garg Proposes Indian Government Regulates Crypto as Commodity Subhash Chandra Garg, former Economic Affairs Secretary and Finance Secretary of India, talked about the prospect of regulating cryptocurrency in the country during a webinar entitled “Cryptocurrency in India: What the future holds.” It was organized by law firm Khaitan & Co. in association with Blockon and Crebaco Global. Garg was…

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