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These Are the Crypto Economy’s 5 Most Expensive Assets per Unit in August 2022

9.8.2022
On July 18, 2021, Bitcoin.com News researched the top five most expensive crypto assets and at that time there were two digital currencies worth five digits in value, two tokens worth four digits in U.S. dollar value, and one valued at three digits. Today, a lot has changed but currently, bitcoin...

Brazilian Congress Fails to Vote on Cryptocurrency Bill, Next Discussion Scheduled for September

8.8.2022
The Brazilian Congress failed to address a proposed cryptocurrency bill this week. While the proposed public policy was indeed on the agenda, the deputy chamber focused on discussing bills that tend to other issues, including health and digital education problems. The digital currency bill...

Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments

7.8.2022
A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency. The move comes after a study indicated that such an initiative is feasible and recommended certain provisions that would authorize the regulator to proceed with...

Central Bank of Brazil Director Praises Bitcoin as a Financial Innovation, Talks Programmable Digital Real

6.8.2022
Fabio Araujo, Director of the Central Bank of Brazil, has praised the properties of Bitcoin, saying it is a financial innovation using new technologies. To Araujo, Bitcoin was the catalyst for what is today known as Web3. At an event, Araujo also commented about the status of the development of...

CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible

4.8.2022
Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according to the European Central Bank (ECB). In a new report, the eurozone’s monetary authority also claims stablecoins, among...

Bitwage Partners With Edge Wallet and Casa to Streamline Bitcoin Payroll Services to Mainstream Audiences

1.8.2022
The cryptocurrency payroll service Bitwage announced on Monday that the company has partnered with the digital currency wallets Casa and Edge Wallet in order to “bring bitcoin payroll to mainstream audiences.” Now Edge Wallet and Casa users can connect to the Bitwage platform’s...

Huobi gets green light as exchange provider in Australia

1.8.2022
Gibraltar-based cryptocurrency exchange Huobi has received the regulatory greenlight to offer its services in Australia

Israel puts the brakes on cash to spur digital payments

1.8.2022
It's believed that Israel will neither be the first nor last country to impose such measures

ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks

30.7.2022
A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to preserve the current financial system. Their study follows an earlier proposal to limit digital euro deposits at the European Central Bank (ECB)...

Report: IMF Warns Kenyan Central Bank Against Introducing a CBDC That Harms Fintechs and Banks

29.7.2022
The global lending institution, the International Monetary Fund (IMF) has told the Kenyan central bank that its proposed digital shilling must “do no harm” to existing private sector digital money. The lender insisted the proposed central bank digital currency (CBDC) must “not...

Call for Creation of Common African Digital Currency, Kenyan Activists Turn to Crypto Funding, Ghana on the Brink

29.7.2022
In Bitcoin.com News’ inaugural newsletter featuring the biggest crypto and economic news stories from Africa, the head of an African regional central bank, Herve Ndoba, implores the bank’s board to introduce a common digital currency. At the same time, the regional bank warned that...

Foundry Digital Launches Logistics Arm to Advance Standards in the Cryptocurrency Mining Industry

28.7.2022
On Thursday, Foundry Digital LLC, the mining company and subsidiary of Digital Currency Group (DCG), announced the launch of Foundry Logistics in order to advance standards in the cryptocurrency mining industry. The newly launched arm of the company plans to “bridge the gap between hardware...

Report: Digital Currency Exchange Kraken Under Investigation for Violating OFAC Sanctions

27.7.2022
On Tuesday, a newly published report details that the cryptocurrency exchange Kraken is under federal investigation for allegedly violating U.S. sanctions, according to five people familiar with the matter. The unknown sources explained that the inquiry into Kraken started in 2019, and it’s...

Head of African Regional Central Bank Calls for Creation of Digital Currency

25.7.2022
The head of the Bank of Central African States (BCAS), Herve Ndoba, has told the regional central bank’s board that it must create a common digital currency which will be used by six countries belonging to the Central African Monetary Union (CAMU). Ndoba reportedly wants the BCAS...

Credit Cards Should Not Be Used for Crypto Transactions, Taiwan’s Financial Watchdog Says

24.7.2022
The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets are risky while associated cash flows are hard to monitor. Taiwanese Regulator Urges Banks Not...

Kenyan Activists Say Cryptocurrencies Have the ‘Potential to Create New Ways for Young People to Earn’

24.7.2022
According to some Kenya-based activists, raising funds through cryptocurrency and non-fungible tokens (NFT) sales is not only faster but less costly as well. The activists added that digital currency also has the “potential to create new ways for young people to earn, spend, save and send...

Bank Indonesia Prepares to Issue Digital Rupiah as Legal Tender for Digital Payments

23.7.2022
The central bank of Indonesia is working to issue a wholesale digital rupiah. The new currency is meant to be the only legal tender for digital transactions in the country while the regulator also wants to ensure that it will be exchangeable across borders. Digital Rupiah Concept Expected by Year...