Auto Added by WPeMatico

Latam Still Unprepared to Deal With Crypto Crime and Scams, According to GFI Report

Latam is still unprepared to deal with cryptocurrency-related crimes and scam situations, according to a recent report issued by Global Financial Integrity (GFI), a Washington DC-based think tank. The document…

Continue ReadingLatam Still Unprepared to Deal With Crypto Crime and Scams, According to GFI Report

Venezuelan President Nicolas Maduro Signals Support for Single Currency in Latam, Calls for Crypto Inclusion

Nicolas Maduro, president of Venezuela, has expressed his support for the adoption of a new common currency for Latam in the latest meeting of the Workgroup of the Sao Paolo…

Continue ReadingVenezuelan President Nicolas Maduro Signals Support for Single Currency in Latam, Calls for Crypto Inclusion

Abu Dhabi Fintech Startup Raises $20 Million in Series B Funding Round

Abu Dhabi-based fintech, Pyypl, announced on Nov. 7 that it had raised $20 million in Series B funding and this brought the total of funds raised to nearly $40 million.…

Continue ReadingAbu Dhabi Fintech Startup Raises $20 Million in Series B Funding Round

Egyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate Condition

After authorities in Egypt announced the adoption of a more flexible exchange rate regime, the pound exchange rate versus the U.S dollar plunged to 23.09:1, a new low for the…

Continue ReadingEgyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate Condition

Costa Rica Might Be the Next Country to Establish Bitcoin as Regulated Currency

Costa Rica could be one of the next countries to adopt bitcoin as a regulated payment method. This week, Congresswoman Johana Obando introduced a bill to allow bitcoin and other…

Continue ReadingCosta Rica Might Be the Next Country to Establish Bitcoin as Regulated Currency

Nigerian CBDC Still Not Widely Used a Year After Launch

On October 25, Nigeria commemorated the first anniversary of the Central Bank of Nigeria’s e-naira, even as more residents continue to snub the digital currency. In a move aimed at…

Continue ReadingNigerian CBDC Still Not Widely Used a Year After Launch

Recent Poll Shows Citizens of El Salvador Still Not Sold on Bitcoin

A recent poll completed by the Public Opinion University Institute, part of the Simeon Canas Centroamerican University, has found that El Salvador is still not attracted by the idea of…

Continue ReadingRecent Poll Shows Citizens of El Salvador Still Not Sold on Bitcoin

Africa Focused Crypto Exchange Yellow Card Granted VASPs License in Botswana

Yellow Card, an Africa-focused cryptocurrency exchange platform, recently said it has received a virtual asset service provider (VASP) license to operate in Botswana. Granted by the country’s Non-Bank Financial Institutions…

Continue ReadingAfrica Focused Crypto Exchange Yellow Card Granted VASPs License in Botswana

Chainalysis: Stablecoins Used to Fight Devaluation and Inflation in Latam

According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically in Argentina and Venezuela, due to the common economic problems…

Continue ReadingChainalysis: Stablecoins Used to Fight Devaluation and Inflation in Latam

Report: Turkey’s September Gold Imports up by 1,700% as Individuals Swap Falling Lira With the Precious Metal

Turkey’s gold imports of just over 39,000 kilograms in September 2022 are more than 16 times the quantity that was brought into the country in September 2021. The surge in…

Continue ReadingReport: Turkey’s September Gold Imports up by 1,700% as Individuals Swap Falling Lira With the Precious Metal