Zambia’s central bank is reportedly conducting research on its own digital currency in hopes of cutting transaction costs and boosting participation. “The results of the research will form part of the...
Tag: Currency
Russia Moves Closer to Accepting Crypto as a Currency
Russia may soon become the latest country to accept cryptocurrency as a form of payment as the central bank and government agree on regulation. The decision marks a shift in policy after the Bank of R...
Russia ready to recognize crypto as a form of currency- The Cryptonomist
Well-known Russian newspaper Kommersant revealed this morning that Russia’s authorities have come to an agreement to provide precise regulation of the crypto sector, after months of heated discussions...
Lebanon Planning to Devalue Currency by 93%, Depositors to Lose $38 Billion – Economics Bitcoin News
The Lebanese government is reportedly planning to devalue the local currency by up to 93% in a desperate bid to receive funding from the International Monetary Fund (IMF). As part of the plan, a major...
Bitcoin Wins Again! — Russia Prepares To Regulate (Legalize) Bitcoin As Currency On February 18 ⋆ ZyCrypto
Advertisement     HODLers in Russia have a reason to smile as holding cryptocurrencies in the country could soon be legalized. According to a Feb. 8 announcement, the ...
Russia to View Bitcoin as a Foreign Currency
Recent reports suggest the Russian government and the Bank of Russia have reached an agreement on regulating cryptocurrencies. Initially, Russia’s central bank proposed banning cryptocurrencies ...
Russian government and central bank agree to treat Bitcoin as currency
The government and central bank in Russia have reached an agreement on how to regulate cryptocurrencies, according to a Tuesday announcement. Russia’s government and central bank are now working on a ...
Russia set to recognize crypto as a form of currency: report
advertisement Authorities in Russia are set to recognize digital assets as a form of currency, according to local news reports. Russian newspaper Kommersant reported this morning, and later tweeted, t...
China’s Digital Currency Could Subvert US Sanctions, Enhance Surveillance Capabilities – Regulation Bitcoin News
A U.S. senator has warned about China’s central bank digital currency. “Analysts have raised the eCNY’s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance China’s surveillanc...
FED Experiments New Digital Currency But Its “Not A Blockchain”; Here’s Why
Boston FED and MIT collaborated on a digital dollar experiment that resulted in a functional and fault-tolerant central bank digital currency (CBDC) architecture capable of handling 1.7 million transa...
Venezuelans to part with up to 20% as tax on crypto and foreign currency transactions
Venezuelans will now be subject to an up to 20% tax on cryptocurrency transactions after the approval of a new tax bill. The tax bill will target financial transactions made in digital currencies such...
U.S. Lawmakers seeks wide crypto adoption: Introduced Virtual Currency Tax Fairness Act
U.S lawmakers introduced a bill to expand the adoption of cryptocurrencies for payments in the country. Anyone has to keep track and record the translation they make using crypto, which puts it at a d...
Venezuela passes new tax for crypto and foreign currency investments
The global crypto regulatory framework has significantly evolved, and this has largely been attributed to the increased rate of adoption. As one of the largest crypto economies globally, Venezuela has...
From an Ambitious Single Global Digital Currency Idea to a Painful End
Throughout its relatively brief history, Facebook’s digital asset project Diem (known initially as Libra) managed to capture the attention of the cryptocurrency community and, perhaps more importantly...
US Lawmakers Introduce ‘Virtual Currency Tax Fairness Act’ to Boost Cryptocurrency Use for Payments – Regulation Bitcoin News
Several U.S. lawmakers have introduced the Virtual Currency Tax Fairness Act to strengthen “the legitimacy of cryptocurrency in our digital economy.” The bill also aims to expand the use of cryptocurr...
Myanmar Junta Plans To Kickstart Its Own Digital Currency – Bane Or Boon?
Tether became an official currency in Myanmar’s shadow government in the middle of December of last year. The country’s ruling junta proposed a cryptocurrency ban as a way to combat this. Even though ...
Venezuelan Government Approves New Tax for Cryptocurrency and Foreign Currency Transactions – Bitcoin News
The Venezuelan Government has approved a new tax that would affect transactions made in foreign currency and cryptocurrency transactions. Approved by the National Assembly of the country, the tax, cal...
Jack Dorsey says Bitcoin’s transparency could solve problems associated with fiat currency
The co-founder of Twitter, and the current CEO of Block, has praised Bitcoin and explained its role in the universal basic income (UBI). Dorsey, a popular Bitcoin bull, praised the primary cryptocurre...
Myanmar’s military government considers launching digital currency: Report
The armed forces of Myanmar, which have been in control of the government since forcibly detaining many elected leaders in 2021, is reportedly planning to release a digital currency to help the local ...
Myanmar Junta Wants Own Digital Currency After Government in Exile Pushes Tether
A military government is proposing creating its own digital currency a year after overthrowing the democratically elected leader. What could go wrong? Major General Zaw Min Tun, deputy information mi...
Federal Reserve Bank of Boston and MIT Release Central Bank Digital Currency Research and Open-Source Code – Regulation Bitcoin News
The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have jointly published the initial findings of their central bank digital currency (CBDC) research. They also pub...
Myanmar government plans to introduce digital currency to boost its economy
According to Bloomberg, Myanmar’s military government is planning to introduce its own digital currency in the region to bolster its economic prosperity. As sources report, a top spokesperson at the S...
The Fed and MIT Publish Central Bank Digital Currency Technical Research
We saw the publishing of technical research and open-source code that could be the groundwork for digitizing the greenback. There were no definitive plans to develop a CBDC mentioned in the paper as a...
MIT, Boston Fed go public with ‘Project Hamilton’ central bank digital currency research
Open-source software developed in a collaborative research project between the Federal Reserve of Boston and the Massachusetts Institute of Technology’s Digital Currency Initiative was released ...
Here’s Why Bitcoin Can Be the Native Currency of the Internet, According to Ex-Twitter CEO Jack Dorsey
Twitter co-founder and former CEO Jack Dorsey believes that Bitcoin (BTC) will be the native currency of the internet despite lagging behind other crypto assets in terms of development. In a new inter...
This Indicator Marks Top of Currency Recovery Rally: Here’s How
Arman Shirinyan According to Santiment’s indicator, Bitcoin could be trading at the local top Contents Bitcoin traders take profits Who is selling their Bitcoin? According to data provided by Sa...
‘All Except RBI Currency Are Assets’ Indian Finance Minister Clarifies On 30% Tax
The Indian Finance Minister Nirmala Sitharaman was unequivocal when she declared that “I don’t wait until regulations come in place to tax people making profits.” However, on NDTV’s question on the ne...
India Announces Upcoming Launch of Central Bank Digital Currency, Digital Rupee, to Be Issued by RBI – Regulation Bitcoin News
The Indian government has announced the upcoming launch of the country’s central bank digital currency. The digital rupee will be issued by the Reserve Bank of India (RBI) in the financial year 2022-2...
Why Celo launched an algorithmic stablecoin pegged to Brazil’s currency
Open-source blockchain Celo recently introduced a Brazilian Real-pegged, algorithmic stablecoin called the Celo Real (cREAL). Three crypto exchanges in Brazil will provide access to the cREAL stablec...
Digital Currency Group announces $10M strategic investment with privacy-preserving project Railgun
Stamford, CT, United States, 28th January, 2022, Chainwire The partnership was announced by RAILGUN Privacy DAO on January 27th through CoinDesk. The details of the strategic investment include over $...
El Salvador, the IMF against Bitcoin as legal currency
The International Monetary Fund (IMF) has urged El Salvador to remove the legal tender status for Bitcoin. The IMF’s analysis of El Salvador. The IMF conducted a consultation on El Salvador coming to ...
Turkey will not adopt Bitcoin as its legal currency
The meeting between El Salvador’s President Nayib Bukele and his Turkish counterpart Recep Erdogan made the crypto world dream. The most enthusiastic community imagined that the theme of the meeting w...