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Report: Namibian Parliament Passes Crypto Regulation Bill


The Namibian parliament recently passed a bill that aims to establish a regulatory regime for cryptocurrencies. According to the Namibian Finance Minister, safeguarding the interests of consumers and combating market abuse are some of the reasons why parliament has taken this step. Mitigating Money...

Denmark Financial Watchdog Directs Saxo Bank to Liquidate its Crypto Assets


Denmark’s Financial Supervisory Authority (FSA) has directed Saxo Bank, a Copenhagen-based multi-asset broker, to dump its cryptocurrency holdings. The bank’s trading in crypto assets for its own account is found to be “outside the legal business area of financial institutions,” the regulator...

DBS Bank China Launches Digital Yuan Merchant Collection Solution


Crypto-friendly bank DBS announced the launch of a digital yuan merchant collection solution for business clients.  The new payment solution will allow mainland Chinese businesses to receive payments in the central bank digital currency (CBDC). The DBS merchant collection platform allows...

Cryptocurrency in China: Central Bank Shake-Up Dims Hopes for Policy Reversal


Hopes that China’s anti-crypto stance could soon change have been crushed by the appointment of a known crypto-critic as the Communist Party’s top official at the People’s Bank of China (PBoC). According to a recent Wall Street Journal report, the Party’s new appointee to the Chinese central bank...

Nigeria Currency Presently Undervalued Says Bank of America Analysts


According to Bank of America analysts, the Nigerian currency is currently undervalued and will likely end the year trading at around NGN680 per dollar. The analysts assert that higher oil revenues and a liberalized import regime will likely see Nigeria record current account surpluses in the medium...

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