It's a new year, the 2020 and the new year comes with new projections and a fresh start to everything in your life. A lot has been put on roadmap when it comes to goals. HMD Global has plans to unveil new devices in 2020 and Samsung this year mobile phones have been rumored too. The same goes for the upcoming Sony Xperia phones too. Similarly, after sad last year, with questions like Is Bitcoin stuck in a downward trend, cryptocurrency is on news and upward trends is expected in 2020.\r\n\r\nSo for this week, here is what happened in the block chain technology world -\r\n\r\nCrypto Currencies Not Banned in India\r\n\r\nIn a much relief to crypto fans in India, Reserve Bank of India (RBI) has clarified that Crypto is not banned in India. This statement came during a Supreme Court hearing case on crypto filed by the Internet and Mobile Association of India (IAMAI).\r\n\r\n\r\n\r\nRBI says that -\r\nThe Reserve Bank of India has said it had not banned cryptocurrencies such as bitcoin in India, but only ringfenced regulated entities like banks from risks associated with trading of such virtual instruments.\r\nFurther clarifying in a 30-page document, RBI said -\r\nAny possible avenues which facilitate anonymous cross-border fund transfer have to be acted upon swiftly and stringently dealt with. It is an admitted fact that VCs [virtual currencies] have been used to purchase illegal and illicit goods ranging from guns and ammunition to drugs.\r\nSo, for now, Indian can invest in Cryptocurrency however banks in India have been directed in 2019 to block such transactions. We can soon expect a circular by RBI on this.\r\n\r\nFurther Indian Government has inaugurated Block chain Center of Excellence in Bengaluru city with an aim to provide a clear understanding of cryptocurrency learning, experience and resources.\r\n\r\nSoFi launches beta version of SoFiInvest\r\n\r\nSoFi, i.e., Social Finance Inc has launched SoFi app, its cryptocurrency trading platform and now it's open for general public use. The new platform is called SoFi and one can start their own investment by downloading the SoFi app from Play Store for Android and App Store for iOS or directly visit the website SoFi.com.\r\n\r\n\r\n\r\nUsing the SoFi apps, individuals can buy and sell cryptocurrency with more than 40 coins available. Regarding the charges, it has set 1.25% as a markup fee on transactions.\r\n\r\nStill many users don't have clarity on what is crypto and how does bitcoin trading work.\r\n\r\nSouth Korea Government Impose a 20% tax on Crypto Gains\r\n\r\nAccording to a local newspaper, the South Korean government has planned to introduce 20% tax on income generated on cryptocurrency gains and income from such will be referred to as other income opposed but not under capital gains.\r\n\r\nIs Samsung to Partner Crypto Startup?\r\n\r\nwith And talking about the Block chain technology rumors, according to Cointelegraph, GatePay, a crypto enabled payment app is about to partner with Korea's second largest consumer electronics manufacturer and it could be Samsung.\r\n\r\nAlexander Drummond, co-founder of GatePay said this -\r\n\r\n\u201cWe\u2019re about to partner with the largest or second-largest payment network in the world. If people have a typical Android phone, they\u2019re likely already tied into this ecosystem. I can only tell you that we\u2019re close to announcing a collaboration with Korea\u2019s largest consumer electronics manufacturer.\u201d\r\n\r\n10,737,513 USD were Transferred from South Korea to Mysterious Wallet\r\nAccording to a tweet by @Whale_alert 45,000,000 XRP equalling to 10,737,513 USD were transferred from Bithumb to unknown wallet.\r\n\r\n\ud83d\udea8 45,000,000 #XRP (10,737,513 USD) transferred from #Bithumb to unknown wallet\r\nTx: https:\/\/t.co\/F2phPNZYmj\r\n\r\n\u2014 Whale Alert (@whale_alert) January 22, 2020\r\n\r\n\r\nSo, that all we have in the latest Crypto currency news around the world.