Auto Added by WPeMatico

Kenyans Lost $120 Million to Cryptocurrency Scams in the Past Financial Year — Government Official

Kenyans are believed to have lost as much as $120 million to cryptocurrency scammers in the last financial year, a government official has said. The official, however, suggested the number…

Continue ReadingKenyans Lost $120 Million to Cryptocurrency Scams in the Past Financial Year — Government Official

Study: 77% of Saudis Aware of Cryptocurrencies, Only 18% Currently Buying and Selling

More than three-quarters of Saudi Arabian residents are aware of cryptocurrencies, a new Yougov survey has found. However, the study also found that only 18% of those surveyed are presently…

Continue ReadingStudy: 77% of Saudis Aware of Cryptocurrencies, Only 18% Currently Buying and Selling

Islamic Scholar Says Digital Currency is Not a ‘Fictitious Currency’

An Islamic scholar, Irshad Ahmad Ijaz, has asserted that digital currency is not fake currency and that it should be legitimized once certain conditions are met. Ijaz’s viewpoint is echoed…

Continue ReadingIslamic Scholar Says Digital Currency is Not a ‘Fictitious Currency’

Swiss Crypto Bank SEBA Gets License to Operate in UAE Financial Center

The Swiss crypto bank, SEBA Bank, was recently granted a license to operate in the Abu Dhabi Global Market (ADGM), the UAE’s financial center. The license allows SEBA to conduct…

Continue ReadingSwiss Crypto Bank SEBA Gets License to Operate in UAE Financial Center

President of Central Bank of Peru Criticizes Crypto, Citing Lack of Intrinsic Value and Climate Change

Julio Velarde, the president of the Central Bank of Peru, attacked the value of cryptocurrencies and referred to negative effects they are said to have on the environment. In a…

Continue ReadingPresident of Central Bank of Peru Criticizes Crypto, Citing Lack of Intrinsic Value and Climate Change

Pakistan Central Bank Governor on Cryptocurrency: ‘The Potential Risks Far Outweigh the Benefits’

The Pakistani central bank governor, Reza Baqir, recently revealed that his organization has determined the risks posed by cryptocurrencies “far outweigh the benefits.” The governor, however, suggested that if solutions…

Continue ReadingPakistan Central Bank Governor on Cryptocurrency: ‘The Potential Risks Far Outweigh the Benefits’

Bitso Expands to Colombia Amidst Growing Cryptocurrency Adoption in the Country

Bitso, a Mexico-based cryptocurrency exchange, is expanding and strengthening its push into the Colombian market in the midst of growing interest in these new technologies in the country. Bitso has…

Continue ReadingBitso Expands to Colombia Amidst Growing Cryptocurrency Adoption in the Country