Archives for: December 20th, 2021

Dubai sets up new cryptocurrency regulator as it looks to become a crypto hub

Written by: ( December 20, 2021 )

The United Arab Emirates (UAE) continues to emerge as one of the world’s biggest cryptocurrency-friendly jurisdictions. The government of the country has a new initiative to support local cryptocurrency development and regulation. Officially announced December 20, the Dubai World Trade Centre (DWTC) will be a government-owned exhibition and event venue in Dubai and will become […]

HSBC and IBM pilot CBDC settlement overseen by France’s central bank

Written by: ( December 17, 2021 )

HSBC and IBM announced on Thursday the successful testing of an advanced token-and-digital wallet settlement between central bank digital currencies (CBDC) in a cloud environment. The transaction included transactions between CBDCs and forex. The distributed ledger that enabled the transactions was facilitated by IBM’s Hyperledger Fabric as well as enterprise technology provider R3 Corda. As […]

The IMF’s chief economist wants a global cryptocurrency policy

Written by: ( December 16, 2021 )

Gita Gopinath, chief economist of the International Monetary Fund (IMF), is calling for a global strategy that will regulate cryptocurrency rather than ban it. Gopinath, who will soon be the group’s deputy managing director, proposes a global policy. She argued that if countries ban cryptocurrency, they wouldn’t have any control over foreign exchanges that aren’t […]

Cyprus financial leaders want to accelerate attention to cryptocurrency

Written by: ( December 14, 2021 )

Cyprus is taking steps to regulate cryptocurrency, with the country’s finance ministry publishing a national risk assessment about cryptocurrency. The official documentation, published December 13, provides a risk assessment of the Republic of Cyprus on money laundering risks associated with virtual asset activities and virtual service providers (VASPs). The Minister of Finance of Cyprus stated […]

Tether is now an official currency in Myanmar

Written by: ( December 13, 2021 )

The National Unity Government of Myanmar (NUG), a shadow government led by Aung San Suu Kyi’s supporters, has made the US dollar-based stablecoin Tether (USDT) an official currency for its local use. The cryptocurrency’s acceptance is meant to help the government combat what it calls the illegal control of the military. Bloomberg reports that the […]

UK lawmakers don’t want cryptocurrency investments to be called investments

Written by: ( December 9, 2021 )

According to the head of the Financial Conduct Authority (FCA), the agency expects new powers to regulate crypto advertisements. The UK’s Members of Parliament (MPs) have asked the FCA to restrict the use of “invest” and the “investment” words by cryptocurrency firms for promotional purposes. According to a Thursday report in The Times, MPs on […]

Craig Wright wins Bitcoin court case worth billions of dollars

Written by: ( December 7, 2021 )

Craig Wright, the Australian computer science researcher who claims to have created Bitcoin, won a civil lawsuit against the family of a deceased business partner. The family claimed it owned half the cryptocurrency fortune of tens and billions of dollars. A jury in Florida, FL, found Monday that Wright did not owe half 1.1 million […]

Mercado Libre to allow cryptocurrency transactions in Brazil

Written by: ( December 3, 2021 )

Mercado Libre, Latin America’s largest eCommerce business by market capitalization, announced Thursday that Paxos’ blockchain infrastructure is being integrated by Mercado Libre. Users in Brazil will now be able to buy and sell cryptocurrencies. Mercado Libre says that, beginning later in the month, users will be able to use Mercado Pago – Mercado Libre’s online […]

The largest supermarket chain in Croatia now accepts cryptocurrency

Written by: ( December 1, 2021 )

Konzum, Croatia’s largest supermarket chain, has launched payments in cryptocurrency like Bitcoin (BTC) to keep up with the times. On December 1, the company announced that it now accepts nine cryptocurrencies for payment in its online shop. Customers can use crypto to purchase groceries, hygiene products and household supplies. Although it agrees to cryptocurrency online […]