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Digital Ruble Scammers ‘Target Russians in Multiple Regions’
28.8.2023
Digital ruble scammers have reportedly struck in multiple Russian regions, with fraudsters apparently hoping to dupe citizens who do not yet fully understand how the CBDC works.
Media outlets around the country say that scammers are sending citizens emails that use commercial and Central Bank...
Russian Regions Say CBDC Will Help Them Fight Corruption
18.8.2023
Russian regions say that the nation’s CBDC, the digital ruble, will help them fight corruption by “eliminating the shadow economy.”
Per Dela, an economy-focused newspaper that covers the Krasnoyarsk Krai region, officials in Siberia are keen to use the coin to conduct their business....
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Russian Regions Welcome Digital Ruble Developments – But When Will CBDC Debut?
27.7.2023
Russian regions are welcoming news that the nation’s digital ruble pilot is set to officially launch on August 1, but banks and officials claim that a full CBDC rollout may not come until 2027.
Ludmila Panina, the head of the payment systems and settlements department at the Chelyabinsk Branch...
Russian President Vladimir Putin States Emergent Multipolar World Order Will Be ‘More Just’
26.7.2023
In a recent article, Vladimir Putin, President of the Russian Federation, outlined his thoughts about the emergence of a new multipolar world order. Putin explained this new configuration will allow different regions, including Africa, the Middle East, and Latam, to assume their roles in a...
Copy Trading Has ‘Disrupted the Crypto Industry’ Says Bitget’s Gracy Chen
23.7.2023
Copy trading has disrupted the crypto industry and is increasingly the trading strategy preferred by less experienced traders says Gracy Chen, managing director of the crypto trading platform Bitget. While copy trading is gaining popularity globally, traders and prospective users from Africa appear...
SEC Actions in US May Affect Binance in Other Regions, Hong Kong Lawyer Says
8.6.2023
The crackdown initiated by the U.S. Securities and Exchange Commission (SEC) may affect Binance in other regions and its license application in Hong Kong, according to a crypto-compliance lawyer. The expert believes the regulator wants the largest digital asset exchange to leave the United States....
CZ Binance on Buying Banks to Fight Crypto Regulation Woes, Russian Banker Says CNY Likely to Dethrone USD, and More — Week in Review
4.6.2023
Changpeng Zhao, the CEO of Binance, doesn’t think buying a bank would solve the crypto industry’s troubles with traditional financial institutions, amid issues his own exchange currently faces in regions like Australia and Europe. In other news, the chairman of Russia’s...
Study: Africa Likely to Leapfrog Leading Fintech Regions if It Adopts New Technologies
25.5.2023
Africa will likely leapfrog the top fintech regions if startups on the continent adopt new technologies, the Global Fintech 2023 report by the Boston Consulting Group and QED Investors has said. The report points to the African continent’s young population as well as the projected population...
Exploring the Crypto World: Join the CoinEx Pizza Month for Multiple Giveaway Events
5.5.2023
PRESS RELEASE. As Bitcoin becomes an increasingly popular payment option, we can now use BTC for quick ordering and online shopping in many countries/regions. You can even buy a car with BTC in some places. None of this would be possible without Laszlo Hanyecz, a Bitcoin pioneer who bought...
Visa and Bitcoin Rewards App Fold Expand Partnership to New Regions
30.3.2023
Crypto rewards app Fold and Visa (V) have expanded their ongoing partnership to North America, Europe and Latin America and the Caribbean, an announcement said
Several Crypto Mining Operations Busted in Russia
19.3.2023
Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes amid discussions on a proposal to introduce criminal liability for miners breaking the upcoming...
Ripple Survey Suggests Latam Merchants Will Adopt Crypto Payments Massively After Three Years
7.3.2023
Latam merchants will be slower in adopting cryptocurrency payments compared to merchants in other regions, according to the latest payments survey conducted by Ripple and the Faster Payments Council. The survey, which polled close to 300 payment leaders at a worldwide level, suggests that massive...
Binance leads crypto with technical support and events in key regions
20.2.2023
Binance is running two developments simultaneously, one as support for the Vite Network upgrade and another as the host of crypto events in critical regions like Australia. To begin with, Binance has announced its support for the Vite Network. According to the announcement, the platform...
Ban on Crypto Mining in Residential Areas Proposed in Russia
28.1.2023
Advisors to the Kremlin have suggested that home crypto mining should be banned in Russia, or in some of its regions. The stated motive for the proposal is to prevent fires in residential buildings. Amateur miners have been blamed for high loads on the grid causing breakdowns and blackouts. Energy...
CoinEx: To Embrace a New Crypto Future by Making Crypto Trading Easier in the Next Five Years
18.12.2022
PRESS RELEASE. In December 2022, CoinEx will celebrate its fifth birthday. Since its inception, the crypto exchange has gone through bulls and bears and attracted over four million users across more than 200 countries and regions worldwide. For both CoinEx and the crypto space, the past five years...
LBank Labs Establishes Blockchain and Crypto Investment Fund to Support the Development of Web3 in Africa
12.11.2022
PRESS RELEASE. Internet City, Dubai, Nov. 11th, 2022 — Blockchain Crypto Investment Group, LBank Labs, announces the establishment of their new crypto investment fund targeted towards web3 development in Africa. LBank Labs plans to establish a series of regional development funds, including...
State-Run Chinese Newspaper Economic Daily Warns Against ‘Betting Big’ on the Metaverse
10.11.2022
Economic Daily, an economic newspaper run by the Chinese state, has published an article noting problems with investing in the metaverse. The article says that metaverse investments might not be suitable for all regions of the country, comparing the trend to the explosion of new green energies...
Report: Macau Discusses Bill That Proposes to Make Digital Currencies Legal Tender
17.10.2022
Macau, one of China’s special administrative regions, recently concluded discussing a bill that seeks to make digital currencies legal tender, a report has said. The report also suggested that individuals who reject or refuse to accept legal tender will be fined between $123 and $1,230....
Chinese Digital Currency Transactions Exceed 100 Billion Yuan, Central Bank Says
14.10.2022
Spending with China’s state-issued digital currency has surpassed 100 billion yuan, close to $14 billion, by the end of August, the country’s monetary authority revealed. More than 5 million merchants now accept the digital yuan in 15 Chinese regions as Beijing continues to expand the pilot areas....
Study: MENA Crypto Volumes Grew Fastest Between July 2021 and June 2022 — Turkey Cements Position as Region’s Largest Market
8.10.2022
Of the $566 billion in cryptocurrency transaction volume for the Middle East and North Africa (MENA) region between July 2021 and June 2022, nearly 40% went to Turkey, which kept its place as the region’s biggest cryptocurrency market, according to the latest Chainalysis data....