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Zanzibar Government Keen to Get Stakeholders’ View on Cryptocurrencies
15.11.2021
Zanzibar is keen on getting stakeholders’ views on the viability of adopting digital currencies before a final decision is made, a government minister has said. The Importance of Getting the Views of Stakeholders In his remarks during an interview with The Citizen, Mudrick Soraga, who is...
Local Council Member in Ukraine Declares 124 BTC and 500 Tesla Shares
14.11.2021
A government official in Rivne region of Ukraine owns close to $8 million in cryptocurrency and 500 Tesla shares, his declaration shows. The news comes as another Ukrainian lawmaker in Kyiv has found it hard to prove possession of the crypto holdings on her asset statement. Ukraine Officials...
Dutch Authorities Seize Cryptocurrency Worth Over 25 Million Euros
14.11.2021
Dutch authorities have seized more than 25 million euros in cryptocurrencies, including bitcoin and ether, from dozens of suspects in criminal cases. “Cryptocurrencies are widely used as a means of payment for various types of crime,” said the Netherlands’ Public Prosecution...
India’s Central Bank RBI Reiterates ‘Serious Concerns’ About Crypto — Governor Doubts Reports on Indian Crypto Investors
12.11.2021
India’s central bank, the Reserve Bank of India (RBI), still has “serious concerns” about cryptocurrency from a macroeconomic and financial stability standpoint. Furthermore, RBI Governor Shaktikanta Das says he doubts the veracity of the number of Indian crypto investors...
Analysts: Lack of Trust in Nigerian Government an Impediment to CBDC’s Success Prospects
12.11.2021
While Nigerians have seemingly embraced the Central Bank of Nigeria (CBN)’s digital currency, skeptical analysts believe a lack of trust in the government will ultimately limit the e-naira’s prospects for success. Threat From Fintech Startups In addition, some analysts insist...
‘Invisible Aether’: World’s largest museum launches NFT art exhibition
11.11.2021
After raising $440,000 selling NFTs on Binance, the Hermitage is now curious if NFTs are about the art, or rather just the money
US Congress plans 'demystifying crypto' committee hearing for Nov. 17
11.11.2021
Representative Don Beyer — who has previously proposed legislation expanding the regulatory and legal framework for digital assets in the U.S. — will be chairing the hearing
Russian Duma creates working group to tackle crypto mining regulations
11.11.2021
Some regulators feel that a lack of clear laws for the industry is helping crypto miners avoid paying taxes
US Faces More Inflation Woes as CPI Hits Highest Record in 30 Years
11.11.2021
U.S. inflation continues to roar higher as this week’s data from the consumer price index (CPI) jumped 6.2% from a year ago. Americans are concerned as the Federal Reserve has expanded the monetary supply like at no other time in history, suppressed the benchmark interest rate, and U.S....
Indonesia's national Islamic council reportedly declares Bitcoin haram
11.11.2021
While the MIU is a government-funded organization, its latest decision is not legally binding in Indonesia
The city of Philadelphia rolls out its own blockchain initiative
10.11.2021
City official said they are seeking comments from crypto innovators on how to integrate blockchain within the municipal government
Iran Continues Crackdown on Illegal Crypto Mining, Seizes Hundreds of Mining Rigs
10.11.2021
Authorities in Iran persist with their efforts to curb unauthorized cryptocurrency mining. The state-run power distribution company has recently identified over a dozen underground crypto farms in Tehran and other regions, unplugging hundreds of mining units illegally connected to the grid. Power...
Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs
10.11.2021
Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory move would benefit both the state and the crypto industry. Russian...
UK Government Survey Shows 45% of Britons Would Ban Cryptocurrencies for Environmental Reasons
10.11.2021
Just before the 26th United Nations (UN) Climate Change Conference (COP-26), the UK government polled 3,071 adults from Britain to ask them their opinions on cryptocurrencies and the crypto industry’s effects on climate change. According to the survey, 45% of Britons would support banning...
Government Official Says Zimbabwe Currently Gathering Views on Cryptocurrencies
9.11.2021
An official with the Zimbabwean government recently confirmed the country’s administration is currently gathering views about cryptocurrencies from knowledgeable persons. Government’s Lingering Concerns Charles Wekwete, who is the head of the e-government unit, suggested that...
India Plans to ‘Fast Track’ New Cryptocurrency Bill, Seeks to Take ‘Middle Path’ to Regulate Crypto: Report
9.11.2021
The Indian government is reportedly trying to “fast track” a modified cryptocurrency bill to be introduced in the winter session of parliament. India’s crypto legislation is expected to take a “middle path” approach to balance all stakeholders’ concerns....
US officials seize $6.1M in crypto from ransomware actors, adds Chatex to sanctions list
8.11.2021
“This will not be the last time — the U.S. government will continue to aggressively pursue the entire ransomware ecosystem and increase our nation's resilience to cyber threats," said Attorney General Merrick Garland
Fed board member to leave by 2022, leaving Biden to fill 3 seats
8.11.2021
Randal Quarles has been a member of the Federal Reserve Board as well as its Vice Chair for Supervision since 2017
Huobi Group is moving to Gibraltar following China crackdown
8.11.2021
Huobi Gibraltar has already secured the necessary licenses from local authorities
China’s Digital Currency Used in Transactions Worth $10 Billion, 140 Million People Have Digital Yuan Wallets
7.11.2021
China’s central bank digital currency (CBDC), the digital yuan, has been used in transactions worth nearly $10 billion, according to an official with the Chinese central bank, the People’s Bank of China (PBOC). In addition, the government digital wallet has been downloaded by about...