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P2P Bitcoin Traders in Nigeria Think Outside the Box in the Wake of CBN Restrictions
After the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets or on peer-to-peer trading platforms. дальше »
2021-4-18 16:30 | |
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Canada Approves Three Ethereum ETFs, Ether Funds Set to Launch on TSX Next Week
Canada has been approving crypto exchange-traded funds (ETF) more quickly than the United States and after three successful bitcoin ETFs, the country has approved three ethereum-based ETFs. The three ether ETFs in Canada will debut on Toronto’s stock exchange (TSX) on April 20, 2021. дальше »
2021-4-18 21:30 | |
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Turkey Bans Cryptocurrency Use for Payments as Local Currency Plunges
The Central bank of the Republic of Turkey has issued a cryptocurrency regulation prohibiting the use of cryptocurrencies for payments of goods and services. From the end of this month, crypto assets cannot be used directly or indirectly as a means of payment in the country and no service can be provided for this purpose. […] дальше »
2021-4-17 18:30 | |
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Turkey Central Bank to Prohibit the Use of Crypto for Payments
The Central Bank of the Republic of Turkey (CBRT) stated that it would ban the use of cryptocurrency as a means of payment. The upcoming ban comes amid an ongoing inflation crisis in the country. Turkey Bans Crypto Payments The CBRT announced the new legislation via the Resmi Gazete, otherwise known as the Official Gazette,Read More дальше »
2021-4-17 17:00 | |
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Bitcoin (BTC) price analysis as Central Bank of Turkey bans crypto payments
Bitcoin (BTC) price has moved over 3% lower today after the Central Bank of the Republic of Turkey (CBRT) banned crypto payments for goods and services in the country. Fundamental analysis: Regulatory concerns The central bank decision is a result of “irreparable” damage and transaction risks crypto assets can bring. дальше »
2021-4-16 16:25 | |
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Turkey’s central bank moves to ban crypto payments
Recently, the population of Turkey started turning heavily to cryptocurrency payments due to the country’s struggles with the traditional economy. However, the country’s Central Bank seems to have disliked this turn of events, as it made a move to prohibit crypto users from using their assets to make payments. дальше »
2021-4-16 12:50 | |
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India’s Minister of Finance Says Cryptocurrency Bill is Designed To Protect Investors
India's crypto tale might not end anytime soon. In the latest episode, the country's Minister of State Finance and Corporate Affairs has commented on the government's crypto position. Crypto Bill To Protect Investors India’s Minister of State Finance and Corporate Affairs Anurag Thakur spoke on the reasonable steps the government may take to regulate crypto […] The post India’s Minister of Finance Says Cryptocurrency Bill is Designed To Protect Investors first appeared on BitcoinExchangeGuide. дальше »
2021-4-15 23:40 | |
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Brazil’s Central Bank President Expects to Have News on a CBDC ‘Soon’
The largest country in Latin America could have its central bank digital currency (CBDC) soon, as the Brazilian central bank is taking steps towards creating it. Recently, the Banco Central do Brasil (BCB) president hinted at the possibility of having news on the matter “soon. дальше »
2021-4-15 20:45 | |
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Industry Players Predict Singapore Will Be The First Country To Fully Embrace Bitcoin
Singapore may become the first Asian country to fully adopt Bitcoin. This is according to industry players in the cryptocurrency community who are objectively analyzing the possibilities. The idea of a country, any at all, fully accepting Bitcoin is a complex topic when the odds are fully considered. дальше »
2021-4-13 11:16 | |
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Central Bank of Nigeria Blocks Fintech Startups From Accessing KYC Service— Decision Described as an ‘Attack on All Fintechs’
The Central Bank of Nigeria (CBN) has recently suspended the provision of the bank validation number (BVN) service to all fintech and third-party partners. The decision means non-banks entities include crypto startups “have lost one of the most comprehensive means of identity verification in the country. дальше »
2021-4-12 21:30 | |
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Romanian University partners with Elrond (EGLD) to accept crypto payments
Cryptocurrency adoption has received a boost in Romania as one of the country’s universities has announced the acceptance of crypto payments. Lucian Blaga University of Sibiu (LBUS), with about 11,000 students, said the move is part of its goal to offer support to local businesses like Elrond (EGLD). дальше »
2021-4-13 20:39 | |
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India: Government to keep an 'open mind' regarding Bitcoin and crypto in the country
The Indian cryptocurrency community has been witnessing tremendous growth but a lack of regulatory clarity has been a significant roadblock. Although the government of India has been apprehensive of cThe post India: Government to keep an 'open mind' regarding Bitcoin and crypto in the country appeared first on AMBCrypto. дальше »
2021-4-12 13:05 | |
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Bitcoin Bull Mike Novogratz Warns of ‘Existential Crisis’ if the US Fails to Create Digital Dollar
Mike Novogratz, the CEO of Galaxy Digital and bitcoin bull has warned that the United States’ failure to have its own digital currency could be an “existential crisis. ” However, the CEO says the country’s fate is still in its hands. дальше »
2021-4-12 11:30 | |
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China expands testing of digital yuan this month
China has been leading in terms of the development of its Digital Currency Electronic Payment [DCEP] or commonly known as, Digital Yuan and the country has already been carrying out different levels oThe post China expands testing of digital yuan this month appeared first on AMBCrypto. дальше »
2021-4-11 15:45 | |
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Hainan Province to Conduct Digital Yuan Campaign This April
Hainan, an island province in South China would carry out a campaign to raise awareness and promote the benefits of using the forthcoming digital yuan, later in April. The campaign follows China’s efforts to expand the scope of its central bank digital currency (CBDC) trials across different parts of the country. Digital Yuan Campaign inRead More дальше »
2021-4-9 15:00 | |
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Paypal Cofounder Peter Thiel Thinks China Is Using Bitcoin as Financial Weapon Against the US
According to Paypal cofounder Peter Thiel, the Chinese government, which detests the U.S. dollar’s reserve currency status, could be using bitcoin as a financial weapon against the U.S. While he concedes that China has no intentions of making the yuan renminbi a reserve currency, Thiel still thinks the Asian country may have longed bitcoin because […] дальше »
2021-4-9 10:30 | |
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WEF Summit 2021: In the Future, the Economy Will Be Tokenized
The WEF panelists discussed several different ways in which tokenization is impacting society. Abdulla Bin Touq Al Marri, the Minister of Economy of the United Arab Emirates, discussed how his country intends to utilize tokenization. дальше »
2021-4-8 22:20 | |
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Sweden’s central bank concludes first phase of digital currency test
Sweden was one of the first nations worldwide to test the CBDC waters. In 2019, it announced a pilot platform for its e-krona, with the country coming a long way since. In fact, Sweden has now publishThe post Sweden’s central bank concludes first phase of digital currency test appeared first on AMBCrypto. дальше »
2021-4-7 18:00 | |
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Bank Of Japan Commences The First Phase Of Its Digital Yen Experiments
Japan is the latest country making efforts towards issuing its own central bank digital currency (CBDC). The country, however, is taking a measured approach towards the digital currency project. Bank of Japan — the nation’s central bank — on Monday announced that it is starting the first phase of experiments for its sovereign digital currency. […] дальше »
2021-4-6 20:31 | |
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China’s Central Bank Admits Surging Price Of Bitcoin Has Boosted Interest In Digital Yuan
China’s Central Bank seems to have noticed a spike in the interest rate of residents towards the country’s Digital Yuan. The project is expected to help China join in the digital race by replacing a significant number of its fiat with the digital Yuan. дальше »
2021-4-6 13:54 | |
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Thailand’s Central Bank Plans To Start Piloting Its CBDC In 2022
Thailand’s digital currency project is progressing swiftly and the Bank of Thailand, the country’s central bank, is readying to start pilot tests in the second quarter of 2022. Thailand’s CBDC will be retail; meaning it will be for use by the general public. дальше »
2021-4-3 21:54 | |
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China’s biggest bank says Bitcoin is driving its efforts in this key area
An official of the People’s Bank of China (PBoC), the country’s central bank and chief financial regulator, said yesterday that the burgeoning Bitcoin space was one of the reasons behind the resurgence of the country’s own digital currency plans. дальше »
2021-4-2 15:14 | |
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Japan Set To Implement FATF Travel Rule for Crypto By 2022
Japan is set to tighten up cryptocurrency laws by implementing the Financial Action Task Force (FATF) travel rule. According to the Financial Services Agency (FSA), this will help tackle money laundering in the Asian country. дальше »
2021-4-2 13:00 | |
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Irish Police Investigate Massive Bitcoin Scam That Allegedly Stole Millions From High-Net-Worth Individuals
Irish police are on high alert due to the rising number of cases related to a bitcoin-related scam targeting high-net-worth people in the country. The situation has become worrisome because suspicious high-value transactions have already been noticed by authorities. дальше »
2021-4-2 07:30 | |
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Cryptos are 'promising,' but not assets in their purest form, says Ukrainian Minister
Ukraine's newly-nominated Finance Minister is in the news today after he put forward plans to regulate the country's domestic crypto-market. While the minister did express concerns with regard to doubThe post Cryptos are 'promising,' but not assets in their purest form, says Ukrainian Minister appeared first on AMBCrypto. дальше »
2021-3-30 20:30 | |
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Major Venezuelan Satellite TV Provider Enables Bitcoin and Other Cryptocurrencies Payments
Venezuelan customers from the biggest satellite TV provider in the country are now able to pay their monthly bills via cryptocurrencies. Simple TV announced it had enabled the feature to its over four million users, whose company was the replacement of Directv. дальше »
2021-3-30 10:00 | |
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Inflation fears open massive entrance for new money to be stashed into Bitcoin
According to new reports, inflation fears are already gripping more than half of the American population. In a research conducted by CivicStudy, it was discovered that residents of the United States are bracing themselves for the inflation that could rattle the country in the near future. дальше »
2021-3-29 23:35 | |
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On The Possibilities Of Bitcoin Getting Outlawed; Is Ray Dalio Right?
In a recent interview with Andy Serwer, Yahoo’s Finance Editor-in-Chief, Ray Dalio had this to say: “Every country treasures its monopoly on controlling the supply and demand. They don’t want other monies to be operating or competing, because things can get out of control. дальше »
2021-3-29 22:57 | |
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Coinbase has India in Global Expansion Plans Despite Regulatory Uncertainties
Coinbase cryptocurrency exchange has announced via a March 25, 2021 blog post, that it’s hiring tech experts in India to man its office in the state. This comes at a time when regulatory clarity in the country’s crypto ecosystem is still absent. дальше »
2021-3-26 00:00 | |
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India's central bank claims govt. shares its 'major concerns' about cryptos
Indian government and regulators have been trying to take a firm position on the use and supply of cryptocurrencies in the country. Even though the Finance Minister of the country, Nirmala Sitharaman,The post India's central bank claims govt. дальше »
2021-3-25 17:15 | |
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Bitcoin Sell-Off Worsens as US Jobless Claims Hit Pandemic Low; What’s Next?
Bitcoin edged lower Thursday after the jobless claims in the United States reached their lowest level of the pandemic, confirming that the country’s economy is recovering at a faster rate. The benchmark cryptocurrency fell to as low as $50,305 ahead of the New York opening bell, continuing its decline from the previous five sessions as […] дальше »
2021-3-25 16:23 | |
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Crypto exchange Coinbase set to expand operations in India
In a blog post, Coinbase announced that it plans to establish a business presence in India. The cryptocurrency exchange said it wants to carry out some customer support operations, software development, engineering, and IT services in the country. дальше »
2021-3-25 11:24 | |
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OKEx Korea to Shut Down In Two Weeks; New AML Laws Coming Into Effect for VASPs
OKEX Korea is closing its doors to investors in the country on April 7, 2021. The upcoming VASP laws could be the reason the exchange is shutting down its operations. The post OKEx Korea to Shut Down In Two Weeks; New AML Laws Coming Into Effect for VASPs first appeared on BitcoinExchangeGuide. дальше »
2021-3-24 21:54 | |
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Crypto-market's 'overheating' can be a problem: South Korean minister
Historically, South Korea has often been seen as a very crypto-friendly country. Of late, however, such a reputation has taken a beating, especially in light of the nature of the new crypto-regulationThe post Crypto-market's 'overheating' can be a problem: South Korean minister appeared first on AMBCrypto. дальше »
2021-3-24 15:30 | |
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A Detailed Guide on CBDC: Central Bank Digital Currencies
What is a CBDC? A CBDC, or a “central bank digital currency,” is a virtual rendering of a country’s government backed, central bank controlled currency, as you can probably glean from the title. In other words, they can be called a national cryptocurrency. дальше »
2021-3-24 14:54 | |
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FCA Survey Reveals Younger Investors are Oblivious to Risks Associated With Crypto and Forex Investments
A research conducted by a consulting firm commissioned by the UK Financial Conduct Authority (FCA), showed that younger consumers in the country were involved in high risk investments such as cryptocurrencies. дальше »
2021-3-24 14:01 | |
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New regulations forces OKEx South Korea to close operations
Cryptocurrency exchange OKEx has announced it will be shutting down its South Korea operations amidst the implementation of strict anti-money laundering regulations in the country. OKEx says it’s not willing to comply with the new law Apart from the regulatory concerns, OKEx says the company took the winding down decision because the actual profit from […] The post New regulations forces OKEx South Korea to close operations appeared first on Invezz. дальше »
2021-3-25 12:58 | |
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PBoC Official Explains Why Digital Yuan Won’t Be Fully Anonymous
Chinese officials are willing to ensure digital anonymity for the country’s central bank digital currencies (CBDCs), but only for a small class of transactions. Total Anonymity of CBDCs Impossible According to a local news outlet, an official of the People’s Bank of China (PBoC), Mu Changchun, has said that a completely anonymous digital yuan is […] The post PBoC Official Explains Why Digital Yuan Won’t Be Fully Anonymous first appeared on BitcoinExchangeGuide. дальше »
2021-3-24 20:15 | |
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Despite Being The World’s Most Cashless Country, Norway Is Playing Chicken On Bitcoin Adoption. Here’s Why
The use of physical cash in Norway has slumped dramatically and the COVID-19 pandemic has inadvertently accelerated the journey towards being a cashless society. In fact, reports say that the Nordic country now has the lowest cash use in the whole wide world. дальше »
2021-3-24 20:10 | |
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