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Buenos Aires to Bring Blockchain-Based Digital ID to Millions of Citizens
30.9.2023
The city of Buenos Aires has announced that it will roll out a blockchain-based, privacy-focused digital ID wallet starting in October. The Quarkid project, previously known as Tangoid, will allow its users to download a “self-sovereign” wallet to hold their birth and marriage...
Report: Bhutan Commences Plan to Develop 600-Megawatt Bitcoin Mining Farm
21.9.2023
The Himalayan Kingdom of Bhutan along with its partner Bitdeer Technologies Group has reportedly kickstarted plans to develop a 600-megawatt crypto mining farm. Bitcoin mining in the kingdom is expected to “equip citizens to participate in the modern global economy from within Bhutan.”...
US Court Orders Collapsed BTC Investment Firm to Pay Over $1.7 Billion in Restitution for Forex Fraud
9.9.2023
A United States Federal Court Judge has ordered the collapsed bitcoin investment platform Mirror Trading International to pay over $1.7 billion in restitution. Commodity Futures Trading Commission director of enforcement Ian McGinley said the CFTC will not hesitate to go after fraudsters who target...
Nexo launches crypto Mastercard for EEA citizens
31.8.2023
The card is only available to citizens of the 30-country European Economic Area
Russian Analyst: Digital Ruble ‘Brings No Benefits’ for Ordinary Citizens
19.8.2023
A Russian analyst has claimed that the digital ruble, the nation’s CBDC, will bring no benefits to ordinary citizens.
The comments were made by Anastasia Tselykh, a special correspondent at RTVI in her most recent column for the media outlet.
The Central Bank launched a pilot this week, which...
Philippine National Police Warns Citizens On Axie Infinity’s Play-to-Earn Model, Cites Security Concerns
17.8.2023
The Philippine police has raised alarms on blockchain gaming saying it may be riskier than investing in cryptocurrencies if capitalized by bad actors.
In a new statement, the Philippine National Police Anti-Cybercrime Group (PNP ACG) says citizens should be wary of the risk of being extorted...
Nigeria’s National Youth Scheme To Issue Blockchain-Based Certificates To Citizens
10.8.2023
The Nigerian government has unveiled plans to deploy blockchain technology to issue and verify all National Youth Service Scheme (NYSC) certificates.
At a policy gathering organized by the National Information Technology Development Agency (NITDA) to promote plans around the proposed National...
Rise in Chinese Citizens, Firms Using Digital Yuan to Pay Taxes
10.8.2023
More Chinese citizens and firms are using the digital yuan, China’s central bank digital currency (CBDC), to pay their taxes, state organs, and government-owned banks have claimed.
Per Xinhuanet, the claims were made by Hunan Province’s Tax Bureau, as well as the Changsha Central branch of...
Russian Banks Say Citizens Are ‘Wary’ of CBDC Plans – Digital Ruble Faces Roadblock?
8.8.2023
Russia’s biggest banking association has demanded clarification on Moscow’s CBDC plans, and says citizens are “wary” of the digital ruble.
Per Komersant and BFM, the Association of Russian Banks (ARB) sent a letter to the Central Bank with “a request to clarify certain issues pertaining to...
Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance
1.8.2023
The U.S. Internal Revenue Service (IRS) has issued a decree stating that American citizens drawing income from cryptocurrency staking services must categorize the value of those digital assets as gross income, the moment they officially take possession of the staking reward. IRS Clarifies...
Russian Bailiffs ‘Will Be Allowed to Seize Digital Rubles from Citizens & Firms’
29.7.2023
Russian bailiffs will be allowed to seize digital rubles from citizens, a government chief has confirmed – as the nation readies a “real-world” CBDC pilot.
Per Pravda, the comments were made by the Russian Federal Bailiff Service Director Dmitry Aristov at a law enforcement meeting at the Second...
Russians Turned to Tether During Wagner Revolt
27.6.2023
Russian citizens sought refuge in tether amid the brief mutiny of the Wagner mercenary group that shook their country. The ruble-denominated trading volume of the U.S. dollar-pegged stablecoin spiked during the short-lived rebellion, market data revealed. Russians Traded Millions of Dollars’...
IMF Economists Say Countries Should Address Crypto Demand Drivers Instead of Banning
23.6.2023
The International Monetary Fund’s (IMF) economists have cautioned that banning cryptocurrency “may not be effective in the long run.” Instead of outlawing crypto, they suggest countries should address “the drivers of crypto demand, including citizens’ unmet digital payment needs.”...
China Warns Citizens of Consequences for ‘Facilitating’ Crypto Trades
23.6.2023
A Chinese ministry has warned citizens of the severe consequences of “facilitating” crypto transactions on behalf of other people.
The nation has exacted two sweeping crackdowns on crypto, one in 2017, and the other in 2021.
The first crackdown mainly targeted crypto exchanges, forcing most...
Right to Pay With Cash Enshrined in Constitution of Slovakia Amid Digital Euro Fears
21.6.2023
A member of the eurozone is amending its constitution in order to guarantee citizens the right to cash payments. The move comes amid growing fears that a digital version of the common European currency may eventually become the only means of payment in the eurozone, despite currently being touted...
Russia’s Largest Bank to Allow Retail Investors to Trade Digital Assets
10.6.2023
Majority state-owned lender Sberbank is preparing to allow Russian citizens to buy and sell digital assets. Private individuals will be provided access to its proprietary blockchain platform as early as this month, a top executive of the bank announced. Sberbank to Open Digital Assets Platform...
HK Police Launch CyberDefender to Help Protect Citizens in the Metaverse
28.5.2023
The Hong Kong Police Force has launched CyberDefender, a new metaverse platform aimed at educating the public about the potential dangers associated with Web3 and the metaverse.
The platform, developed by the Cyber Security and Technology Crime Bureau (CSTCB), was created to prepare Hong Kong...
Putin Wants Limit on Currency Purchases for Russians Dealing With Foreigners
24.5.2023
Russian citizens and firms doing business abroad may soon be restricted in the amount of foreign currency they are allowed to acquire, on order from Vladimir Putin. Russia’s head of state now wants his government to cap such purchases on the domestic forex market. President Putin Orders Russian...
Inflation and Anguish: Outraged Lebanese Depositors Continue to Riot Against Financial Institutions
15.5.2023
Amid Lebanon’s financial crisis, significant demonstrations have erupted in Beirut targeting financial institutions. Outraged Lebanese depositors, witnessing their savings vanish, have resorted to smashing bank windows, setting fires, and engaging in riots. Simultaneously, leaders...
Canada's central bank asks citizens what they want in a digital dollar
9.5.2023
Canadians are being asked what features they wish to see in a digital Canadian dollar even though there are no plans yet to issue one