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Nigerian Crypto Exchange Roqqu Gets European Union Virtual Currency License
4.1.2023
The Nigerian crypto exchange Roqqu recently announced that it obtained a virtual currency license that allows it to offer its services in 28 European countries. According to Israel Ololade, the head of product at Roqqu, the European Union license “aligns with the brand’s drive to become...
Italy Introduces Capital Tax on Cryptocurrency Gains - Will Other Countries Follow Suit?
3.1.2023
Italy’s parliament has approved a proposal for a 26% tax on crypto gains above 2,000 euros ($2,110).
In addition to bringing a hefty tax on crypto gains, the new law also introduces incentives for taxpayers to report their crypto. Under the law, crypto owners are entitled to an amnesty...
IMF Warns of Tough Year Ahead for World Economy Citing Slowdown in US, EU, China
2.1.2023
The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We expect one-third of the world economy to be in recession … Even countries that are not...
Central Bank Digital Currency: Turkey's Central Bank Conducts First Transactions of Digital Lira – Will Other Countries Follow Suit?
30.12.2022
The Central Bank of the Republic of Turkey (CBRT) has completed the first trial of its central bank digital currency (CBDC), the Digital Turkish Lira.
The country's central bank issued a press release on December 29, stating that,
"In the scope of the first-phase studies of the Digital Turkish...
Italy and Albania Bust €15 Million Crypto Investment Scam
23.12.2022
Authorities in Italy and Albania have hit a fraud scheme enticing victims with promises of low-risk investments in cryptocurrencies. During an operation coordinated by Eurojust, investigators from the two countries searched a dozen locations and seized assets and computer equipment. Fraudsters...
Ukrainian Devs Remind Us Life Is Still Hell As Russian Drones Bomb Cities
23.12.2022
It feels like forever since the war in Ukraine began, but it hasn’t even been a year; Russian tanks rolled across the border in February, just ten months ago. Yet what was once headline news has now blurred into the background for most of us, a conflict that for the rest of the world is...
Three Countries Account for Nearly Two-Thirds of Africa’s Crypto Holders — Study
21.12.2022
According to a new study, out of the estimated 55.3 million cryptocurrency holders that are spread among 33 African countries, three countries — Nigeria, South Africa, and Kenya — account for approximately 36.14 million or nearly two-thirds of this total. In contrast, the study found that...
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...
G20 Countries to Build Crypto Policy Consensus for Better Global Regulation
18.12.2022
The G20 countries aim to build a policy consensus on crypto assets for better global regulation. “After the crypto meltdown which we have seen recently, it is clear that we need internationally agreed standards on regulation,” said the International Monetary Fund (IMF)’s deputy...
Billionaire Tim Draper Says El Salvador Will Become One of the Richest Countries on Earth For This One Reason
9.12.2022
American venture capitalist and billionaire Tim Draper argues that bitcoin (BTC) will lead El Salvador to become one of the richest countries in the world.
In an interview with investor Anthony Pompliano, published on Monday, Draper discussed governments turning to bitcoin and adopting 'the...
Kenya-Based Bitcoin Mining Company Raises $2 Million in Seed Investment Led by Jack Dorsey-Owned Firm
9.12.2022
Gridless, a bitcoin mining company operating from Kenya, recently raised $2 million in seed investment from Block, a digital payments company owned by Twitter founder Jack Dorsey, and Stillmark. The bitcoin mining firm is reportedly planning to use the capital raised to fund its expansion into...
Countries and institutions move into crypto despite market drop: Report
8.12.2022
November saw a reduction in BTC mining revenue for publicly traded miners, a decline in venture capital investment, and signals of Bitcoin going to $12,000
Crypto is 'most mature' in these 2 countries, new Huobi report reveals
8.12.2022
The United States and Vietnam score the best on "crypto maturity" in 2022, a new report determines
Remittances to Low and Middle Income Countries in 2022 Up by 5% to $626 Billion — Latest World Bank Report
7.12.2022
Despite the headwinds that have dominated the year, remittances to low and middle-income countries in 2022 still grew by 5% to $626 billion, the World Bank Migration and Development Brief has said. Africa, where the cost of sending $200 averaged 7.8% in 2022, is the “most severely exposed...
Argentina Signs Automatic Tax Data Sharing Agreement With the United States
6.12.2022
The government of Argentina has signed a data sharing agreement with the U.S. to enhance the cooperation of the countries in the tax arena. The agreement, which was signed by Sergio Massa, minister of economy of Argentina, and U.S. ambassador Marc Stanley, will allow the Argentine national...
Report: Nigerian Finance Bill Has Provisions Allowing Govt to Tax Crypto Transactions
5.12.2022
A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report has said. Nigeria is reportedly seeking to join six other countries, including two from Africa...
Shopping․io Integrates DINO LFG Enabling $DINO for E-Commerce Shopping
25.11.2022
PRESS RELEASE. Shopping.io announced their partnership with DINO LFG. DINO holders can now use their $DINO token for online purchases from major retailers like Amazon, eBay, Etsy, and Walmart. Shopping.io is known for allowing holders to spend their crypto effortlessly on global eCommerce websites...
IMF Blog: Better Regulation of Africa’s Growing Crypto Market Urgently Needed
24.11.2022
A well-regulated African cryptocurrency market is needed in order to protect users as well as help countries stop bad actors from using digital assets to circumvent capital controls, the latest post on the IMF blog has said. The blog post reiterated the IMF’s belief that risks to a country...
House on a hill: Top countries to buy real estate with crypto
22.11.2022
More countries are beginning to allow real estate purchases using crypto, here are some of the top destinations
South Korea, Singapore, Japan Top Countries Most Impacted by FTX Collapse: Report
22.11.2022
A new analysis shows that the countries most impacted by the collapse of cryptocurrency exchange FTX are South Korea, Singapore, and Japan. Moreover, Russia, Germany, Turkey, Taiwan, India, Egypt, and Brazil also made the top 10 list of countries most affected by the FTX meltdown. Countries Most...