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Philippines Central Bank Approves Trials for National Stablecoin Tied to Local Peso
13.5.2024
The Philippines central bank has given the green light for controlled trials of a national stablecoin that will be pegged 1:1 to the local peso.
The post Philippines Central Bank Approves Trials for National Stablecoin Tied to Local Peso appeared first on Cryptonews
IMF backs Nigeria crypto adoption amid local SEC crackdown
10.5.2024
The IMF recommendation sets out to remedy the macroeconomic challenges Nigeria faces while attracting global investment
Chainalysis sets up regional HQ in Dubai amid local crypto boom
8.5.2024
Chainalysis relocates regional headquarters to Dubai reflecting the UAE’s progressive stance toward blockchain technology
Nigerian SEC to ‘Delist’ Local Currency From P2P Crypto Trading Platforms
8.5.2024
The Director General of Nigeria’s Securities Regulator has announced plans to delist the local currency from peer-to-peer cryptocurrency trading platforms in the coming days. He insisted that the decision to delist the naira aims to eliminate the manipulation of the local currency by...
LocalMonero exchange shuts down as crypto privacy services dwindle
8.5.2024
Monero’s version of LocalBitcoins is closing after 7 years of operations serving the XMR community
UK Local Elections Show Swing to Labour With General Election Pending
3.5.2024
The government, which has adopted a pro-crypto stance, must hold a general election by end-January
Former President Donald Trump’s Advisers Explore Penalties for Nations Ditching US Dollar
29.4.2024
Former U.S. President Donald Trump’s economic advisers are reportedly devising strategies to deter nations from reducing their reliance on the U.S. dollar. Proposed deterrents include export controls, currency manipulation charges, and tariffs. Trump remains committed to preserving the U.S....
Nigerian Central Bank Governor Denies Using Forex Reserves to Defend Local Currency
20.4.2024
The Nigerian central bank governor has refuted claims that the bank is using the country’s foreign exchange reserves to shore up the naira. The governor attributes the decline in reserves to debt repayments and other payments, which are made because they help to maintain Nigeria’s...
Nigerian Central Bank Prohibits Use of Foreign Exchange as Collateral for Local Currency Loans
10.4.2024
The Central Bank of Nigeria has barred the use of foreign exchange as collateral for local currency loans. In its April 8 letter addressed to banks, the CBN warned of severe consequences for banks that fail to comply with the latest directive. Halting the Slide of the Naira Hamstrung by ongoing...
South Korea Tax Body Set to Seize 5,208 Crypto Traders’ Coins
8.4.2024
South Korean tax officials in the city of Pohang are set to seize cryptoassets from 5,208 residents who failed to pay local taxes.
The post South Korea Tax Body Set to Seize 5,208 Crypto Traders’ Coins appeared first on Cryptonews
Nigerian Government Collaborates with Interpol to Extradite Fleeing Binance Chief
4.4.2024
A joint effort has been launched by the Nigerian government and Interpol to apprehend Binance Chief Nadeem Anjarwalla, who fled from custody on March 22, 2024. This collaboration was reported by a local media outlet, The Punch, on April 3.
The post Nigerian Government Collaborates with Interpol...
Binance Executives File Suit Against Nigeria: Local Media
29.3.2024
The two Binance executives held in Nigeria after being invited for consultations filed suit against two government agencies for allegedly violating their human rights
Binance Faces Regulatory Hurdles as Philippines SEC’s Ban on Binance Takes Effect
25.3.2024
The Philippines SEC's Ban on Binance prohibits local access to the exchange's website and applications. This decision stems from Binance's alleged unlicensed operations and offering of investment opportunities to Filipinos.
The post Binance Faces Regulatory Hurdles as Philippines SEC’s Ban...
Local Coffee Chain in DC Teams Up with Coinbase to Accept Crypto Payments
21.3.2024
A local coffee chain in Washington, D.C. has partnered with Coinbase to introduce crypto payments to its customers.
The post Local Coffee Chain in DC Teams Up with Coinbase to Accept Crypto Payments appeared first on Cryptonews
Terra Luna Classic Price Prediction as LUNC Drops 47% From Local Top – Next Leg Up Starting Soon?
20.3.2024
The Terra Luna Classic price has gained by 2.5% in the past 24 hours, reaching $0.000132 on a day when the crypto market as a whole posts a very slight 0.5% rise.
The post Terra Luna Classic Price Prediction as LUNC Drops 47% From Local Top – Next Leg Up Starting Soon? appeared first on Cryptonews
Economic Intelligence Unit: Nigerian Central Bank Lacks Capacity to Defend Local Currency
12.3.2024
The Economic Intelligence Unit has stated that the Central Bank of Nigeria cannot halt the rapid depreciation of the local currency. The continued volatility of the naira is expected to result in erratic regulation, primarily affecting businesses that hold foreign exchange. Nigeria Presses Ahead...
South Korean Crypto Exchanges Outpace Stock Market in Trading Volume Amid Bitcoin Rally
11.3.2024
The recent surge in Bitcoin prices has reignited a cryptocurrency trading frenzy in South Korea, with trading volumes on local exchanges surpassing those of the stock market last week.
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Philippine Central Banker Unveils Project Agila: A Leap into wCBDC Pilot
8.3.2024
The central bank of the Philippines (BSP) aims to complete a CBDC pilot by the end of the year, according to a local press report. Central bank Deputy Governor for Payments and Currency Management Mamerto Tangonan told a press briefing Wednesday: “For CBDC… our timeline for that is to complete...
Binance to Exit Nigerian Market, Discontinues All NGN Services
5.3.2024
Binance has revealed plans to exit the Nigerian market, discontinuing all services involving the local fiat currency, the Nigerian naira (NGN).
The post Binance to Exit Nigerian Market, Discontinues All NGN Services appeared first on Cryptonews
Nigerian Authorities Slap Binance with $10 Billion Fine Amid Crypto Crackdown
1.3.2024
The Nigerian government has imposed a staggering $10 billion fine on Binance as part of a crackdown on the platform in an effort to stabilize the nation's local currency.
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