Many governments have started enacting laws and guidelines concerning cryptocurrencies because of their expansion and adoption. The Slovenian Finance Ministry is actively involved in monitoring and regulating crypto usage. Recently, the ministry proposed a tax rate of ten percent...
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...
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...
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...
China announced its latest crackdown on cryptocurrency days back, and since then, the country has been carrying out activities to ensure that the ban holds. This recent ban is a blanket one that covers every crypto-related activity, unlike the...
Some lawmakers in Iran have opposed the restrictions placed on digital assets in the country, hence setting to change the government’s policies on cryptocurrencies. According to them, using cryptocurrencies will improve the nation’s sanctioned and troubled economy. “Taking a...
El Salvador has become one of the first countries to accept Bitcoin as a legal medium of exchange within the country. Its President, Nayib Bukele, has been actively pushing for this, and it is not surprising that the El...
