Crypto bills for Malta are approved, Thailand has new rule for ICO, Clem Chambers believes in Bitcoin, Ripple is accused of fraud, India's exchanges try to adapt to ban
- Four Bills, one establishing Infrastructure Malta and three establishing a regulatory framework for Malta’s up and coming blockchain sector were approved by Parliament.
- The Thailand Securities and Exchange Commission (SEC) has announced a new rule to govern initial coin offerings (ICO) in the country will take effect on July 16, making Thailand one of the first countries to allow ICOs in a regulated environment.
- Bitcoin has dropped in price in recent months after reaching highs of almost $20,000 in December – but cryptocurrency expert Clem Chambers believes bitcoin could hit its price highs again.
- Ripple and its CEO Brad Garlinghouse have been accused of fraud and securities law violation – for the third time this year.
- Cryptocurrency exchanges in India have one by one announced the shut down of their fiat deposits and withdrawals as banks start closing their accounts per RBI’s crypto banking ban.