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Deposits on ‘Big Four’ South Korean Exchanges up 1,368%
5.10.2021
"https://cryptonews.com/news/s-korean-mp-bids-to-prevent-crypto-crisis-while-kimchi-premi-11218.htm">kimchi premium traders making “illegal transactions.”Upbit, the market-leading exchange, and Korbit, the first trading platform in the nation appear to have received their permits within h
Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions
3.10.2021
Kazakhstan is facing electricity shortages and cryptocurrency mining has been singled out as the main culprit. Amid an ongoing crackdown in China, the Central Asian nation has become a magnet for crypto miners who are taking advantage of its low electricity rates. Republic of Kazakhstan Sees...
KYC Headaches on the Horizon for South Korean Exchanges
30.9.2021
noreferrer" href="https://www.chosun.com/economy/economy_general/2021/09/29/LKOMX43J75A5JJSIWZHIHUT4XU/">Per the Chosun Ilbo, a spate of new regulatory requirements that came into force last week is slowing down business at the nation’s biggest crypto exchange.Recently promulgated amendm
El Salvador Gov’t to Mitigate Against Fuel Price Crisis – Using its Bitcoin App
30.9.2021
rators had negotiated a deal with two fuel distribution companies, meaning that Chivo users could receive a discount worth USD 0.20 per gallon at petrol stations across the nation.Bukele wrote that the “state-owned company Chivo” had “negotiated with the largest gas station companies in the c
Bitcoin Price to Face Another Test as Central Banks Eye Rate Hikes
24.9.2021
t central bank in a Western developed nation to do so following the onset of the pandemic, Norway’s central bank, the Norges Bank, this week hiked its interest rate from 0% to 0.25%, citing a need to “begin a gradual normalization of the policy rate” as the economy is “normalizing.” “The
Ripple Says it Will Pilot a CBDC for Bhutan
23.9.2021
l="noopener noreferrer" href="https://twitter.com/Ripple/status/1440782839188897794">claimed that it had partnered with the Royal Monetary Authority of Bhutan (RMA), the nation’s central bank, in a deal that would see the latter “use Ripple’s CBDC solution to pilot a digital ngultrum.”The
Uruguay Regulator Suggests that Crypto-Real Estate ‘Exchanges’ Are Possible
15.9.2021
del Castillo & Asociados approached the General Tax Directorate (known locally as the DGI), an agency that answers to the nation’s Ministry of Economy and Finance, for advice on the matter. The media outlet noted that a number of “specialized portals” that advertise real est
Authorities Seize USD 5.2m in Crypto from ‘Tax Dodgers’
15.9.2021
tax crackdown on suspected cases of unreported or underreported taxable income by studying customer data they were handed by the nation’s four largest crypto exchanges
Harvest Holidays Could Wreak More Crypto Exchange Havoc in South Korea
13.9.2021
is time, the entire nation will effectively shut down, much as is the case during Christmas holidays in Western Europe and North America.That leaves just six working days before September 24, the end of the regulatory Financial Services Commission's six-month grace period for crypto exchanges
Crypto Trading, Mining Are Illegal and Punishable, Nepal Central Bank Warns
10.9.2021
Mining and trading of cryptocurrencies are illegal in Nepal, the country’s central bank has reminded citizens of the Himalayan nation. The regulator also warned that participating in such activities would entail penalties as per the current legislation. Despite its position, however,...
Report Says Western Union Could Lose $400M if El Salvador’s Chivo Bitcoin Wallet Gains Traction, Tim Berners-Lee Weighs In
10.9.2021
The Republic of El Salvador has made many headlines this week as the country adopted bitcoin as legal tender on Tuesday and became the first-known nation-state to purchase the leading crypto asset. A recent report details that remittance providers like Moneygram and Western Union could lose up...
Crypto Market Is ‘Development Vector’ of Nation’s Digital Economy, Ukraine President Says
8.9.2021
President of Ukraine Volodymyr Zelensky has highlighted the importance of launching a legal digital assets market in his country during a working visit to the U.S. The Ukrainian head of state met with top investors including from the cryptocurrency industry. President Zelensky Highlights Importance...
BIS Teases More CBDC Interoperability Progress in New Four-nation Pilot
2.9.2021
Source: Adobe/Сергей Шиманович
The Bank for International Settlements (BIS) is set to step up its central bank digital currency (CBDC) pilot program in a cross-border initiative aimed at testing inter-central bank settlements using multiple CBDCs.
The plan is the brainchild of the BIS’s Innovation...
Mayoral candidate pledges to make NYC 'most cryptocurrency-friendly city in the nation'
1.9.2021
Some mayors of cities large and small in the U.S. have been pushing for the adoption of cryptocurrencies or otherwise taking a position in favor of digital assets
Ukraine Unveils Roadmap to Integrate Cryptocurrencies by 2024
23.7.2021
Government and business representatives have produced a roadmap to transform Ukraine into a leader in cryptocurrency integration. The authors of the new strategy want to see half of Ukrainians using digital currencies by 2024. The East European nation is expected to regulate its crypto space by...
Georgian Government Embraces Blockchain to Promote Its Wines Globally
21.7.2021
As Georgia seeks to bring its millennia-old wine industry into the 21st century, it is collaborating with blockchain platform Wiv to put the nation’s winemakers in front of a global audience of wine collectors, producers, and merchants. Move Brings Wines and Accompanying Provenance...
Jay-Z’s Entertainment Firm Roc Nation Buys Sensorium’s Metaverse Crypto Tokens
7.7.2021
On Wednesday, the full-service entertainment company founded by influential hip-hop artist Jay-Z, Roc Nation, revealed the firm has purchased tokens from the Sensorium Corporation. The tokens Roc Nation bought are called senso (SENSO), the in-platform currency of Sensorium Galaxy,...
Share Buyback Magic: Financial Forecaster Says Stock Market Rally Is All ‘Smoke and Mirrors’
5.7.2021
While the American economy witnesses small business failures across the nation, historical unemployment rates, major issues with the supply chain, countless product shortages, and the cost of goods and services inflating, the stock market continues to rally. The CEO of the Forward Thinking Group...
Bitcoin Beach Town in El Salvador Bustles With Growth After BTC Becomes Legal Tender
16.6.2021
Ever since El Salvador passed a bill that was approved by a supermajority in the Salvadoran Congress legalizing bitcoin as legal tender in the nation, the country has remained in the spotlight. Furthermore, there’s an area in El Salvador called “Bitcoin Beach” with a small group...
Lebanese Economy Crashes to New Lows – In Less Than Two Years Nation’s Currency Lost 90% Against the US Dollar
14.6.2021
The Lebanese pound dropped to a new low on Sunday against the greenback trading in the low 1,500s range to the U.S. dollar. Lebanon’s currency has been in a downward spiral since 2019, as the pound has lost 90% of its value since then. Reports note that Lebanese citizens are facing shortfalls...