Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments
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…
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Report Shows Crypto Startups Raised $30.3 Billion in H1 2022, Exceeding Total Raised in 2021
While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored by Messari researchers notes that $30.3 billion was raised by…
Portuguese Banks Close Accounts of Crypto Exchanges, Media Reveals
Major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges, according to media reports. The move threatens to tarnish the country’s image as…
CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible
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,…
Borrowing to buy Bitcoin: Is it ever worth the risk?
Borrowing to buy crypto has often been advocated for by various influencers, but the consequences may be dire.
Israel Prohibits Cash Deals for Amounts Starting as Low as $1,700
New legislation introducing tighter restrictions on payments with large sums of cash will enter into force in Israel on Monday. The goal, as stated by the country’s tax authority, is…
ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks
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…
‘Cryptojacking’ rises 30% to record highs despite crypto slump: Report
Cryptojacking has become a lucrative choice for cybercriminals as many victims are unaware they have been compromised.
Bank Indonesia Prepares to Issue Digital Rupiah as Legal Tender for Digital Payments
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…
US federal agency issues legal advisory on NFT investments
The advisory primarily targets reporting of NFTs investments that represent “property,” such as real estate.
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