Supreme Court Lifts India’s Ban on Cryptocurrency – March 4

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$8,764

Bitcoin price has stayed in a tight range over the last 24 hours, remaining almost unchanged.

Top-20 altcoins are a mixed bag, as Ethereum loses 1%, XRP gains less than 1%, and Chainlink leads the pack with a 10% run to the upside.

Top Stories for March 4, 2020 🔥

👉 Supreme Court Lifts India’s Ban on Cryptocurrency

India’s central bank ban on cryptocurrency trading was overturned by the Supreme Court today, after remaining in effect for two years.

The ban had prevented all banks and financial institutions from facilitating any business relating to cryptocurrencies, leading to a majority of crypto businesses shutting down.

👉 Bitcoin Now a Legal Financial Instrument in Germany

German financial authorities have officially defined cryptocurrencies as legal financial instruments, as long as they satisfy five specific characteristics; They cannot be issued by a central bank or public body, do not have the legal status of currency or money, can be used as a means of exchange or payment, serve investment purposes, and can be transmitted, stored and traded electronically.

👉 Facebook Reevaluating Cryptocurrency Plans, Wallet Launch Delayed

Facebook has been reported to be rethinking its cryptocurrency plans, now considering releasing digital tokens of existing fiat currencies, rather than its own coin.

Their wallet launch has been delayed until autumn, which is several months later than originally expected.