On 7 October 2021, the G20-mandated regulatory standard-setter, the Financial Stability Board (FSB) published a document titled: “Regulation, Supervision, and Oversight of “Global Stablecoin” Arrangements - Progress Report on the implementation of the FSB High-Level Recommendations” (Progress Report). The...
El Salvador has been at the forefront of adopting Bitcoin and making it an important aspect of its economy. At the moment, BTC is a legal tender and Salvadoran President, Nayib Bukele has created policies to encourage his residents...
Several countries are currently researching ways to launch their CBDCs. Laos is one of the latest countries to join the trend of those creating their CBDC, and to do this, they have partnered with Soramitsu, Japanese distributed ledger technology....
The US SEC has actively been involved in the blockchain world, trying to protect the interests of the people, and following the law to the letter. Weeks back, the United States Securities and Exchange Commission stopped Coinbase from releasing...
Cryptocurrency has found a way to permeate global markets, especially in those areas that it is frowned at by the government. An example is Peer-to-Peer platforms taking root in Nigeria, a country that has placed a bank ban on...
Francis Suarez, Miami Mayor, has told Bloomberg that he sees the crypto crackdown by the Chinese government as an opportunity for his city and the U.S. at large. Mr. Suarez has been in the news for trying to make...
Major cryptocurrency enthusiasts, on Monday, lamented as major social media and community platforms — Facebook, Instagram, and WhatsApp — went offline. The three platforms went down at approximately 11:16 AM EST on Oct. 4 and according to Facebook’s communications team, who communicated through...
In order to stiffen cryptocurrency-related financial crimes, lawmakers in Brazil Brazilian have approved a set of new penalties for laundering money with crypto. Brazil’s Special Committee of the Chamber of Deputies approved a bill that significantly tightens penalties for...
Nayib Bukele, the President of El Salvador, has actively shown his support for Bitcoin. He has used his position to improve the usage of the cryptocurrency within the country by creating a wallet, a Bitcoin Fund, and incentives to...
The website of Nigeria’s Central Bank Digital Currency has gone live with a local media outlet, THISDAY, reporting that the website has recorded over one million views in the last 24 hours. The number of visits, according to analysts,...
