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Coinbase Partners to Expand Digital Asset Access in Africa
12.1.2024
Source: Pixabay Crypto exchange behemoth Coinbase is entering into the African markets by collaborating with local stablecoin exchange Yellow Card. The significant move expands product access to Coinbase customers in 20 nations across the African continent. Crypto is here to stay — helping drive...
New Scientist’s Bitcoin Ban Article Sparks Backlash: Experts Slam ‘Bad Science’ and Bias
9.1.2024
On Jan. 8, 2024, a New Scientist article sparked debate by questioning whether nations ought to consider banning bitcoin due to its environmental footprint. The editorial has drawn significant criticism from numerous bitcoin supporters. Environmental, social, and governance (ESG) expert Daniel...
Report Finds Less Illicit Crypto Activity in Nations With Full Licensing Regimes in 2023: TRM Labs
8.1.2024
Blockchain analytics firm TRM Labs has found that crypto service providers in countries with full regulatory regimes had lower rates of illicit activity than those in less regulated jurisdictions in 2023
America’s Bitcoin Crossroads: Path to Leadership or Decline?
8.1.2024
In the rapidly evolving world of digital assets, the United States seems to be cautiously lagging behind, while other nations sprint ahead. This hesitance is not just a matter of policy inertia but reflects a deeper resistance. The establishment often views these emerging technologies as a threat...
Economist Warns the Demise of US Dollar Hegemony Is ‘Really Upon Us’
29.12.2023
Economist Stephanie Pomboy has warned that the “demise of the U.S. hegemony is really upon us,” emphasizing that the Biden administration and many U.S. policymakers in Washington “are just sleeping right through it.” She pointed out that a growing number of nations...
Lavrov Highlights 30 Nations’ Interest in BRICS as China-Saudi Pact Poses Challenge to US Dollar
27.12.2023
In a recent statement by Sergey Lavrov, Russia’s Foreign Affairs Minister, he noted that the BRICS bloc is set to expand in 2024 with new members including the United Arab Emirates (UAE), Iran, and Saudi Arabia. He revealed that approximately “30 countries would like to establish partner ties...
Franklin Templeton’s Executive Expects All Nations to Hold Bitcoin — ‘Every Country Is Going to Have to Hold Some Reserves’
19.12.2023
An executive at trillion-dollar asset manager firm Franklin Templeton expects bitcoin to become “something that every treasury needs to hold.” She believes that “every country is going to have to hold some reserves,” emphasizing that the cryptocurrency is “working its way increasingly into...
Indian Government Provides Update on Crypto Regulation
14.12.2023
The Indian government has responded to questions during a parliamentary session regarding crypto regulation in India. The government emphasized the valuable guidance provided by the IMF-FSB synthesis paper presented at the G20 summit, noting that this paper offers a framework for both G20...
Senate Coalition Grows to Crack Down on Crypto’s Use in Illicit Finance
13.12.2023
U.S. Senator Elizabeth Warren’s bill to crack down on crypto’s use in illicit finance has gained more support among lawmakers. “The Treasury Department is making clear that we need new laws to crack down on crypto’s use in enabling terrorist groups, rogue nations, drug lords...
UNDP and Algorand Foundation to Launch Blockchain Academy in Q1 of 2024
6.12.2023
The United Nations Development Programme together with the Algorand Foundation are set to launch a blockchain academy in the first quarter of 2024. The objective of the academy is to provide the UNDP’s employees “with knowledge and insights into the applications of blockchain...
US Defense Department Urged to Integrate Bitcoin to Maintain Superpower Status
5.12.2023
A U.S. Space Force major has urged the Department of Defense to integrate Bitcoin as an “offset” strategy. Emphasizing that “Integration of this technology could revolutionize national defense strategies in cyberspace,” he stressed: “Addressing this could be vital...
Envision Joins Hands With HBAR Foundation in Latest Move to Digitize Carbon Markets
4.12.2023
Source: Pexels Web3 development protocol Envision Blockchain Solutions has partnered with the HBAR Foundation to create a blockchain-centric system for handling the carbon markets. The collaboration, announced in a press release on December 4, aligns with Envision Blockchain’s commitment...
China, Japan, and South Korea Explore Collaboration in Big Data, Blockchain, and AI
4.12.2023
Source: iStock/PeopleImages China, Japan, and South Korea are forging ahead with plans to enhance collaboration in advanced technology sectors such as big data, blockchain, and artificial intelligence (AI). During the 10th China-Japan-ROK Foreign Ministers’ Meeting held in Busan, South...
United Nations Development Program Partners Algorand to Train 22,000 Employees in Blockchain Technology
1.12.2023
Source: Pixabay The United Nations Development Program (UNDP) has partnered with the Algorand Foundation to launch a blockchain academy in a bid to train staff on the technology. Speaking at the Algorand Impact Summit on Nov 30, Robert Pasicko, a UNDP expert announced the partnership to drive...
Fourteen Ukrainian Officials Receive Advanced Crypto Crime Investigation Training
17.11.2023
Source: Pixabay Ukrainian lawmakers and officials have received advanced training on identifying and investigating crypto-related financial crimes. The United Nations Office on Drugs and Crime and the OSCE Economic and Environmental Activities have organized the 4-day course. Fourteen...
Crypto Regulation News Weekly Digest: Major Nations Commit to Crypto Tax Reporting Standard and EU Issues Draft Stablecoin Guidelines
14.11.2023
Nations and authorities advance crypto regulations across taxation, stablecoins, geo-blocking, and compliance this week. Image by motortion, Adobe Stock. Last week brought several noteworthy developments in the evolving crypto regulation scene across the globe. Major nations made efforts towards...
Finance Ministers from APEC Nations to Share Crypto Insights in San Francisco
14.11.2023
Image Source: Pixabay The Asia-Pacific Economic Cooperation (APEC) summit has drawn global attention to discussions on regional economic cooperation, including crypto regulations. The event, which commenced on November 11 in San Francisco, saw the finance ministers’ meeting on November...
South Korea Joins Global Community for Crypto Asset Reporting Framework Push
10.11.2023
Source: Pexels South Korea has joined a group of 48 nations, calling for the promotion of an international framework for cryptocurrency reporting. In a significant move, South Korea confirmed its engagement on Friday to implement the international reporting framework on digital assets....
Competition in Digital Markest Hits G7 Nations' Radar
9.11.2023
Policymakers from the Group of Seven advanced nations agreed to collectively coordinate scanning for early warning signs that may tip competition in digital markets
Gemini’s Travel Rule measures reflect ‘worrying creep’ of overregulation
9.11.2023
Gemini will be restricting its UK users to sending only to 58 virtual asset service providers that are registered under the Travel Rule starting Nov. 17. A Trezor analyst argues the measures will go against the principles of Bitcoin and financial freedom