Auto Added by WPeMatico

Russia’s Prosecutor General Wants Cryptocurrency Recognized as Property Under Criminal Law

The Prosecutor General’s Office of Russia has proposed to define cryptocurrency as property in the country’s Criminal Code. Decentralized digital money has already been qualified as such in the provisions…

Continue ReadingRussia’s Prosecutor General Wants Cryptocurrency Recognized as Property Under Criminal Law

Nearly 500,000 Nigerian CBDC Wallets Downloaded Since Launch

Nearly half a million e-naira wallets have been downloaded a few weeks after the central bank digital currency (CBDC) was officially launched by Nigerian President Muhammadu Buhari, the central bank…

Continue ReadingNearly 500,000 Nigerian CBDC Wallets Downloaded Since Launch

Kyrgyzstan Shuts Down Cryptocurrency Farm With 2,500 Mining Rigs

Authorities in Kyrgyzstan have uncovered and shut down a large crypto mining farm in the north of the country. Law enforcement officials claim the illegal coin minting facility has inflicted…

Continue ReadingKyrgyzstan Shuts Down Cryptocurrency Farm With 2,500 Mining Rigs

Digital Ruble Should Not Boost Inflation, Bank of Russia Says

Bank of Russia is preparing for a prolonged trial of the digital version of the national fiat to ensure this is a “full-fledged ruble,” the head of the monetary authority…

Continue ReadingDigital Ruble Should Not Boost Inflation, Bank of Russia Says

Zanzibar Government Keen to Get Stakeholders’ View on Cryptocurrencies

Zanzibar is keen on getting stakeholders’ views on the viability of adopting digital currencies before a final decision is made, a government minister has said. The Importance of Getting the…

Continue ReadingZanzibar Government Keen to Get Stakeholders’ View on Cryptocurrencies

Analysts: Lack of Trust in Nigerian Government an Impediment to CBDC’s Success Prospects

While Nigerians have seemingly embraced the Central Bank of Nigeria (CBN)’s digital currency, skeptical analysts believe a lack of trust in the government will ultimately limit the e-naira’s prospects for…

Continue ReadingAnalysts: Lack of Trust in Nigerian Government an Impediment to CBDC’s Success Prospects

Digital Ruble to Give Russians What They Need, Bank of Russia Governor Says

The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking…

Continue ReadingDigital Ruble to Give Russians What They Need, Bank of Russia Governor Says

Nigerian Central Bank Intensifying Fight Against Cryptocurrency Traders

Just a few days after launching the e-naira digital currency, the Central Bank of Nigeria (CBN) is now reportedly ramping up the pressure against cryptocurrency traders. Bank Employees Warned In…

Continue ReadingNigerian Central Bank Intensifying Fight Against Cryptocurrency Traders