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Nigerian Lawmakers Slam Naira Devaluation, Warn of Inflation Implications
11.6.2021
Nigeria’s House of Representatives has moved a motion calling on the country’s central bank to end the continuing devaluation of the naira. In his unanimously adopted motion, House Representative Bamidele Salam warned the Central Bank of Nigeria (CBN) of the negative “implications...
Kenyan Banks Warn Clients Against Crypto Trading
8.6.2021
A few Kenyan banks have started sending out warning alerts to clients engaged in cryptocurrency trading to be wary of the associated risks. These warnings have reportedly been sent to clients who have “used their credit and debit cards to buy cryptocurrencies on crypto exchanges.”...
Major British Bank Natwest Alerts Customers With Tips to Avoid Cryptocurrency Scams
31.5.2021
Major British bank Natwest has launched an alert to urgently warn its customers of cryptocurrency scams, which have been on the rise. The bank has provided several tips for customers “thinking of investing in bitcoin or other cryptocurrencies” on how to spot scams involving...
White House Defends Trillion-Dollar Stimulus While Jamie Dimon and Larry Summers Warn of Runaway Inflation
27.5.2021
On Wednesday the White House defended President Joe Biden’s trillion-dollar spending proposals despite the criticism concerning rising inflation and low-interest rates. Inflation has risen at unprecedented levels in the U.S. and the average American’s purchasing power is growing less...
Asset Managers UBS, Pimco, T. Rowe Price Caution of Cryptocurrency Investing, Expect Strict Regulations
19.5.2021
A number of asset managers have cautioned about investing in cryptocurrencies, including UBS Wealth Management, Pimco, T. Rowe Price, and Glenmede Investment Management. “We expect more stringent policy and regulatory controls ahead for crypto as it becomes more mainstream,” said UBS....
Restrictions on Crypto Trading to Deprive Nation of Opportunities, Iranian Fintechs Warn
18.5.2021
Startups have spoken out against government attempts to curb the operations of crypto exchanges in Iran. Cryptocurrency trading is not illegal, Iranian fintechs insist, calling on lawmakers and regulators to develop rules that would allow the sanctioned country to continue to take advantage...
Experts Warn of Tighter Policing Ahead for Stablecoins
13.5.2021
It appears that regulatory strife may well be in store for stablecoins, with experts opining that fiat-pegged tokens could fall under the scrutiny of financial policymakers.
Quoted in the Financial Times, John Salmon, the head of the legal firm Hogan Lovells’ blockchain and cryptocurrency division...
FBI Puts Warning Signs on Bitcoin ATMs in This US County Following a Scam
7.5.2021
The Federal Bureau of Investigation (FBI) is putting up warning signs on bitcoin ATMs in Cuyahoga County of the U.S. state of Ohio to warn residents not to fall for scams asking victims to send money to scammers via bitcoin ATMs. FBI Putting Warning Signs on Bitcoin ATMs The Cuyahoga County Scam...
Nigerian Regulator Issues ‘Extreme Caution’ Crypto Investments Warning
28.4.2021
Nigeria’s Economic and Financial Crimes Commission (EFCC) has become the latest body to warn of risks associated with cryptocurrency investments. In a public warning, the law enforcement agency argues that investing in cryptos “is a high-risk activity as the terrain is largely...
Young & Angry Voters Warn Politicians Over Crypto Crackdown
26.4.2021
The South Korean government is facing the prospect of an embarrassing climbdown after a furious backlash from 20-39-year-olds in the country over its proposed crypto “crackdown.”
The furor came to a head over the weekend, after a perfect storm of tumbling crypto prices and a strongly worded warning...
Not so safe? SafeMoon’s parabolic rally isn’t sustainable, traders warn
22.4.2021
Traders say the Safemoon rally is not sustainable as the token sees massive volatility
Bitcoin price stalls as traders warn BTC could dip lower than $55K
8.4.2021
This week's drop is not "convincing," analyst Filbfilb says, echoing others' misgivings about the likelihood of a short-term bullish continuation
Collect Taxes More Effectively to Avoid ‘Debt Trap’ Chaos, Warns IMF
6.4.2021
The IMF’s Managing Director, Kristalina Georgieva. Source: A screenshot, Instagram/the_imf
Global financial chiefs have suggested that they may look to more aggressive tax collecting measures in advanced economies as a means to dig the world economy out of a “disturbing” impending coronavirus...
South Koreans Are Required to Pay Taxes for Crypto Holdings in Overseas Exchanges, Authorities Warn
20.3.2021
South Korean tax authorities are unstoppable in keeping crypto holders in their eyes and making them accountable to pay taxes. The National Tax Service (NTS) has issued a warning to the crypto traders that they have to report their earnings even from tokens held in foreign exchanges. No Details...
South African crypto firms warn opaque regulations are harming the industry
9.3.2021
South African crypto firms are threatening to move operations abroad if lawmakers don’t provide clear regulatory guidelines
Grimes and Paris Hilton Go Full NFT – But Some Warn of Trouble Ahead
2.3.2021
A fragment of Gods in Hi-res by Grimes. The non-fungible token (NFT) gravy train is building up a head of steam in the music and art industry.
Within just hours of dance producer 3Lau posting record-breaking sales of almost USD 12m for a batch of exclusive NFTs, the award-winning Canadian musician...
Chinese Authorities Warn About ‘Sophisticated’ Digital Yuan Scam- Promotes Access to a ‘$186M Secret’ Government Fund
27.2.2021
As China keeps paving the way to adopt its central bank digital currency (CBDC), scammers are also actively emerging on the scene. The police in a Chinese province are now warning about a “sophisticated” CBDC-themed scam. Bogus Platform Is Set to Be Launched in March, Say Scammers...
Weekly Platform News: Reduced Motion, CORS, WhiteHouse.gov, popups, and 100vw
26.2.2021
In this week’s roundup, we highlight a proposal for a new <popup> element, check the use of prefers-reduced-motion on award-winning sites, learn how to opt into cross-origin isolation, see how WhiteHouse.gov approaches accessibility, and warn the dangers of 100vh.…
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Swedish regulators warn consumers against crypto as markets tumble
23.2.2021
Sweden's financial regulator thinks retail investors should stay away from financial products that have volatile cryptocurrencies as their underlying asset
Exchanges warn that Hong Kong's crypto retail trader ban could backfire
15.2.2021
Crypto industry concern mounts ahead of the likely introduction of a bill to ban retail traders from cryptocurrency activities in Hong Kong