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PortuguêsMyanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders…
Continue ReadingThe Bank Of Korea has effectively concluded the pilot testing of the issuance and distribution of their digital currency. It has also gone to state that BOK will have the…
Continue ReadingBanks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer…
Continue ReadingThe Central Bank of Iran soon plans to launch the pilot phase of its digital currency project, an official unveiled. The Islamic Republic hopes to a join a growing club…
Continue ReadingA lot has changed in regard to the prices of various crypto assets throughout 2021, as today’s top crypto assets look a lot different than they did 12 months ago.…
Continue ReadingAccording to a recent report, the American multinational retail corporation that operates a chain of department stores, Walmart Inc., is seemingly prepping to enter the industry of non-fungible token (NFT)…
Continue ReadingThe Hong Kong Monetary Authority shared a list of eight questions to seek policy-related recommendations citing five possible regulatory outcomes — no action, opt-in regime, risk-based regime, catch-all regime and…
Continue ReadingThe Swiss National Bank has successfully employed a wholesale CBDC to settle transactions with five commercial banks, the monetary authority announced. The tests are part of an experiment carried out…
Continue ReadingOn Jan. 11, Federal Reserve Chair Jerome Powell told Senate legislators that nothing prevents privately issued stablecoins from coexisting with a prospective Fed central bank digital currency (CBDC). Jerome Powell…
Continue ReadingIn the year 2021, Morocco, which previously announced measures restricting crypto trading, became North Africa’s leading crypto-trading nation after its peer-to-peer (P2P) trade volumes surged to $6 million. Morocco in…
Continue ReadingThe new wallet of China’s state-issued digital currency has quickly become one of the most downloaded applications in the country, within days of its launch. Its use and integration with…
Continue ReadingWhile WeChat isn’t as popular outside of China as WhatsApp, it is ubiquitous on the mainland. WeChat, China’s largest messaging app and one of the country’s most popular payment services,…
Continue ReadingChina’s central bank has released its digital currency wallet app ahead of the Winter Olympics. The wallet app for the digital yuan, also known as e-CNY, can now be downloaded…
Continue ReadingThe Jamaican central bank successfully completed the pilot testing of its central bank digital currency, a statement from the bank has said. The statement however reveals that only one payment…
Continue ReadingThe Bank of Jamaica initially partnered with the Irish cryptography firm eCurrency Mint for its CBDC project in March 2021. The Bank of Jamaica (BoJ) has successfully completed its first…
Continue ReadingCharitable crypto campaigns aim to give back this holiday season, demonstrating how effective cryptocurrency and NFT donations can be for donations. The holidays are the perfect time of the year…
Continue ReadingThe year 2021 has seen an increase in “rug pulls,” a new scam capable of luring both early adopters and new crypto investors. This year has been monumental for the…
Continue ReadingIn advance of presenting its comprehensive view on crypto regulations, the Central Bank of Russia has indicated that it sees no place for cryptocurrencies in the country’s financial market. The…
Continue ReadingVisa’s head of crypto has revealed that the payments giant has partnered with about 60 leading crypto platforms “to launch card programs that make it easy for consumers to convert…
Continue ReadingNigerian blockchain and cryptocurrency experts have suggested that many prospective users will only consider adopting the e-naira once the central bank has done enough to make the CBDC (central bank…
Continue ReadingThe NUG finance minister said Tether use would enhance trade speed and payment efficiency. Myanmar’s shadow government, the National Unity Government (NUG), led by the supporters of jailed leader Aung…
Continue ReadingThe central bank of Russia intends to ensure that the digital ruble is convertible to foreign currencies and can be used by non-residents. In a document devoted to the digitalization…
Continue ReadingThe Prosecutor General’s Office of the Russian Federation has insisted that the term “cryptocurrency” should be added to the country’s legislation. The move would allow authorities in Moscow to confiscate…
Continue ReadingBank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have successfully tested the application of wholesale central bank digital currency in cross-border payments. The project…
Continue ReadingSome U.S. activists previously asked the DOJ to stop Meta from offering its digital currency wallet Novi on its platforms. Despite some senators in the United States opposing Meta launching…
Continue ReadingSome economic experts from Africa have suggested that the continent now needs a common cryptocurrency and an integrated capital market to boost trade and sustain growth. The Importance of a…
Continue ReadingThe Reserve Bank of Zimbabwe remains opposed to cryptocurrencies but is interested in developing its own digital currency, its governor has said. Central Bank Does Not Believe in Cryptos The…
Continue ReadingAuthorities in Russia and Ukraine have closed down a number of illegal crypto mining facilities allegedly powered by stolen electricity. The underground farms have been discovered around the capital cities,…
Continue ReadingA paper published by the European Central Bank (ECB) discusses various conditions for successful implementation of central bank digital currencies (CBDCs) such as the eurozone’s own digital euro. The authors…
Continue ReadingSuch a move would require broad consensus among Congress, the U.S. central bank and the White House. U.S. Treasury Secretary Janet Yellen has given her opinions on the potential of…
Continue ReadingWith the growing capitalization of the crypto economy, Russians have been making crypto transactions worth billions of dollars a year, data gathered by the Central Bank of Russia shows. Russian…
Continue ReadingWith the increase in the adoption of digital assets across several mainstreams, some countries are strategizing on moving with the flow. Hence, most countries across the globe are working and…
Continue ReadingDigital payment network Ripple has partnered with the Republic of Palau to develop its own digital currency. The payment network is still on a mission to dominate the global payments…
Continue ReadingUsers of Russia’s central bank digital currency are going to pay a fee for each transaction, a high-ranking representative of Bank of Russia has recently announced. The digital ruble charge,…
Continue ReadingCryptocurrencies are anonymous and the government shouldn’t encourage their spread, the head of Bank of Russia has insisted. The regulator remains firmly opposed to the legalization of bitcoin and the…
Continue ReadingRussian parliamentarians have cautioned against risks associated with the introduction of a digital ruble. Among them are the likely increase of competition pressure on banks and new challenges that may…
Continue ReadingThe president of Peru’s central bank has indicated that the country will be joining forces with India, Singapore, and Hong Kong to develop its own central bank digital currency. The…
Continue ReadingThe Prosecutor General’s Office of Russia has proposed to define cryptocurrency as property in the country’s Criminal Code. Decentralized digital money has already been qualified as such in the provisions…
Continue ReadingNearly half a million e-naira wallets have been downloaded a few weeks after the central bank digital currency (CBDC) was officially launched by Nigerian President Muhammadu Buhari, the central bank…
Continue ReadingAuthorities in Kyrgyzstan have uncovered and shut down a large crypto mining farm in the north of the country. Law enforcement officials claim the illegal coin minting facility has inflicted…
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