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Local Currencies Are Not Alternatives to the Dollar but the System, BRICS Bank Chair Says
23.8.2023
The development bank founded by the BRICS bloc of emerging economies aims to promote a multipolar financial system, its head, Dilma Rousseff, has indicated. As part of these efforts, the institution seeks to expand lending in local currencies, those of member states in particular, such the South...
BRICS Bank to Issue First Indian Rupee Bond — Plans to Boost Local Currency Lending
23.8.2023
The New Development Bank (NDB), also known as the BRICS Bank, is reportedly planning to issue its first Indian rupee bond by October. Last week, the bank issued its first South African rand bond. “NDB is seeking to increase its presence in the local capital markets of its member countries,...
I Miss Smashing Gears Of War In One Weekend With My Bestie
21.8.2023
Like most people who play and love games, I’ve got so many memories of moments with them that have stuck with me over the years. Watching my sister beat Final Fantasy VII for the first time on the TV in the living room of the house we grew up in. Begging my grandma for the Xbox 360 she finally...
Banks Allowed to Issue Crypto Mastercard Cards in Uzbekistan
20.8.2023
Authorities in Uzbekistan have authorized two local banks to issue payment cards allowing users to spend their digital coins. The move is part of a pilot project to launch virtual cards linked to cryptocurrency wallets on an exchange that will facilitate instant conversion to fiat money. Uzbekistan...
BRICS Bank Issues First ZAR Bonds as It Looks to Use Local Currencies
18.8.2023
The New Development Bank (NDB), established by the BRICS bloc of emerging economies, has issued its first bonds denominated in South African rand (ZAR). The auction, which was closed on Tuesday, is part of the bank’s efforts to increase both fundraising and lending in local currencies. Development...
Argentines Flock to Stablecoins Amidst Record Devaluation Numbers
18.8.2023
Argentines are flocking to purchase stablecoins to protect their savings as the peso loses value. Local cryptocurrency sources reported an increase of up to 500% in the crypto volumes moved, mostly in stablecoins like USDT, to shield incomes against the raging devaluation registered after...
Binance Japan to Use KYC Services From Liquid
13.8.2023
The world’s leading cryptocurrency exchange, Binance, has selected Liquid as an identity verification partner for its Japanese platform. The services of the Tokyo-headquartered biometrics firm will allow Binance Japan to ensure its know-your-customer (KYC) procedures comply with Japan’s strict...
Nigerian Association of Money Changers Calls for Banning of Binance
12.8.2023
The leader of Nigeria’s Association of currency exchangers has accused the crypto giant Binance of helping to worsen the local currency’s woes and asked authorities to consider banning the platform. The leader suggested that the optimism which ensued after Tinubu’s government floated...
Blockchain․com Obtains Payment License in Singapore
9.8.2023
Crypto company Blockchain․com has been granted a payment license in Singapore that will enable it to provide regulated services for digital assets. The authorization in the city-state, which is a major trading hub for the platform, is part of its efforts to comply with local regulations in...
Canadian Police Unit Utilizes Chainalysis Blockchain Forensics for Cryptocurrency Investigations
9.8.2023
Officials in law enforcement from Lethbridge, situated in the province of Alberta, Canada, have unveiled that the Lethbridge Police Service (LPS) is now utilizing Chainalysis blockchain forensics software. According to local reports, LPS has acquired the capacity to trace cryptocurrency...
Worldcoin's Nairobi Warehouse Raided by Kenyan Police: Local Reports
7.8.2023
Kenyan police raided Worldcoin's Nairobi warehouse and confiscated documents and machines on Saturday
Russia Recognizes Digital Currencies of Other Nations
6.8.2023
The Russian government has legally recognized digital currencies issued by other nations, local crypto media reported. The respective legislative changes have been made alongside the adoption of a dedicated law regulating the introduction of Russia’s own digital ruble. Amendments Legalizing Foreign...
Worldcoin cryptocurrency project suspended in Kenya
2.8.2023
Kenyan authorities want to ensure that Worldcoin poses no risks to the security of citizens before it allows the project to gather iris data
Binance Japan to Launch With 34 Listed Cryptocurrencies
2.8.2023
Binance, which is preparing to launch its new Japanese platform in August, will offer users the opportunity to trade 34 coins, local crypto media reported. Besides major cryptocurrencies such as bitcoin and ether, Binance’s own token will also be among the listed digital assets. Binance...
Bitcoin Miner Genesis Digital Assets Opens 3 New Data Centers in South Carolina
2.8.2023
Genesis Digital Assets (GDA), one of the world’s largest bitcoin mining companies, has opened three new data centers in the western region of South Carolina. The facilities represent GDA’s continued expansion in the United States, where its data centers now account for over 2%...
Ukraine demands local crypto businesses to provide financials
1.8.2023
Trading volumes on the Ukrainian crypto exchange Kuna have shrunk 90% since March 2023 due to government policies, the CEO said
Crypto-friendly Robinhood inches to UK with local CEO appointment
25.7.2023
Robinhood has been planning expansion into the United Kingdom since 2019 but the project has faced multiple delays
BRICS Currency Not on Agenda for Leaders’ Summit — Nations to Focus on De-Dollarization
23.7.2023
The heavily anticipated BRICS currency is not on the agenda to be discussed at the economic bloc’s upcoming leaders’ summit, according to South Africa’s diplomat in charge of BRICS relations. He clarified that the BRICS members will focus on de-dollarization and promoting the use of national...
Securities Commission Cancels FTX Australia’s License
21.7.2023
Australia’s securities regulator has canceled the license of the local FTX entity, allowing it to perform only limited financial services. These will be related to the termination of derivatives with clients and arrangements to compensate retail customers. ASIC Revokes Financial Services License...
Australian Securities Regulator Revokes FTX’s Local Financial Services License
19.7.2023
The Australian Securities and Investments Commission (ASIC) has canceled the financial services license of FTX’s Australian subsidiary effective from July 14, impacting 30,000 customers.
With the cancelation of the license, FTX Australia can no longer operate as an exchange in the country....