Search
Russia is free to use Bitcoin in foreign trade, says finance minister
25.12.2024
Russia has all legal tools to use digital financial assets and Bitcoin in foreign trade, Finance Minister Anton Siluanov said
Russia is free to use Bitcoin in foreign trade, says finance minister
25.12.2024
Russia has all legal tools to use digital financial assets and Bitcoin in foreign trade, Finance Minister Anton Siluanov said
Russia is free to use Bitcoin in foreign trade, says finance minister
25.12.2024
Russia has all legal tools to use digital financial assets and Bitcoin in foreign trade, Finance Minister Anton Siluanov said
Russia is free to use Bitcoin in foreign trade, says finance minister
25.12.2024
Russia has all legal tools to use digital financial assets and Bitcoin in foreign trade, Finance Minister Anton Siluanov said
Russia is free to use Bitcoin in foreign trade, says finance minister
25.12.2024
Russia has all legal tools to use digital financial assets and Bitcoin in foreign trade, Finance Minister Anton Siluanov said
Latam Insights: El Salvador’s Gold-to-Bitcoin Power Trade, Argentina Opens to Foreign Crypto ETFs
16.12.2024
Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this issue, El Salvador could make a gold-to-bitcoin power trade, Argentina opens up to foreign crypto ETF opportunities, and Brazil might scale back its stablecoin...
Immoral and Unconstitutional: D.O.G.E. Advisor Ron Paul Calls for the Elimination of Foreign Aid
9.12.2024
Ron Paul, former presidential candidate and soon-to-be-appointed advisor to Elon Musk’s D.O.G.E., has called for the elimination of foreign aid, labeling it as immoral and unconstitutional. Vivek Ramaswamy, co-head of the department, agreed with Ron’s ideas, stating that it represents...
Argentina Opens Foreign Crypto ETF Investment Opportunities
8.12.2024
Argentina is opening its stock market to crypto exchange-traded fund (ETF) opportunities. The Argentine SEC equivalent greenlighted the introduction of prospects to allow investments in crypto—bitcoin and ethereum—foreign ETFs under the figure of Argentine deposit certificates....
Brazil Groups Stablecoins With Foreign Currency in New Regulatory Draft
3.12.2024
The Central Bank of Brazil has opened a public consultation on a regulatory draft that correlates the treatment of dollar-pegged stablecoins with foreign currency. The proposed rules, which will now be discussed with relevant stakeholders in the national cryptocurrency ecosystem, would require...
Brazil proposes to ban stablecoin withdrawals to self-custodial wallets
2.12.2024
Brazil, the second-largest market for stablecoin transactions, could be set to ban stablecoin withdrawals to self-custodial wallets like MetaMask
Phantom Money: Counterfeit Dollar Bills Haunt Istanbul Bazaar
29.11.2024
Fears of counterfeit $50 and $100 bills have disrupted foreign-exchange trade at Istanbul’s Grand Bazaar, with some bureaus halting the purchase of these bills due to issues with identifying fake notes. There are conflicting views on the extent of the problem, with some traders blaming banks...
Tornado Cash Sanctions Overturned by U.S. Appeals Court
27.11.2024
A U.S. federal appeals court has delivered a major legal victory to the crypto sector by throwing out the U.S. Treasury Department's earlier effort to directly sanction crypto mixing service Tornado Cash.The court found that the government didn't have the proper tools to include the actual...
The Hunt for the Russian Trace: Chinese Banks Implement Stricter Compliance for Foreign Payments
22.11.2024
Chinese banks have implemented additional compliance measures for payments from the United Arab Emirates (UAE), India, and Hong Kong, which have traditionally served as trade partners for Russia. These measures aim to identify Russian businesses using third countries as proxies to complete...
Russia’s Foreign Trade Defies Western Sanctions, Official Claims
22.11.2024
Russia’s foreign trade is defying Western sanctions, with rising imports, resilient transaction systems, and projected economic growth outpacing stagnating Western economies. Western Sanctions Meet Resistance as Russia’s Trade Surges Russian Finance Minister Anton Siluanov has claimed that...
Mastercard and JPMorgan Link Up to Bring Foreign Exchange on the Blockchain
21.11.2024
By integrating Mastercard MTN's connectivity with Kinexys Digital Payments, mutual customers of MTN and Kinexys will be able to settle B2B transactions through a single API
US bids to seize Bankman-Fried’s crypto allegedly used in China bribes
13.11.2024
Prosecutors petitioned a New York federal court to seize crypto they alleged is linked to bribes paid to Chinese officials by Sam Bankman-Fried
Zimbabwe Plans to ‘Float’ Rapidly Depreciating Gold-Backed Currency
11.11.2024
Zimbabwe has said it plans to let its rapidly depreciating gold-backed currency, Zig, float freely on the foreign exchange market. A central bank official said this would help the currency achieve price discovery without administrative interference. However, the official did not give a timeline...
Nigeria’s Currency Plunges as Dollar Liquidity Dries Up: Will a Naira-for-Crude Oil Swap Revive It?
31.10.2024
The Nigerian naira recently hit a new low against the U.S. dollar, ranking among the three worst-performing currencies globally. Dollar Liquidity Dries up The Nigerian naira, which has already lost over 70% of its value in 2024, recently dropped to a record low of NGN1,670.65 per U.S. dollar on...
World Bank: Nigeria Loses $8B on Foreign Exchange Subsidies Over 3 Years
25.10.2024
The World Bank reports that Nigeria lost over $8 billion due to the Central Bank of Nigeria’s (CBN) refusal to float the naira between 2021 and 2023. This foreign exchange subsidy, along with the fuel subsidy, deprived the government of revenue. The World Bank acknowledges the suffering...
Nigeria Receives Nearly $100,000 From Unlicensed Crypto Firms
16.10.2024
The Nigerian government received nearly $100,000 from two cryptocurrency firms accused of conducting unlicensed conversions of tether (USDT) to naira and vice versa. The two Nigerian cryptocurrency firms, Paparaxy Global Ventures Limited and Lemskin Technologies Limited were accused of operating...