IMF calls for tighter crypto regulation in Africa as the industry unfolds
FTX's collapse is one of the reasons why countries in the region should adopt regulation, noted the monetary fund.
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Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission
According to the International Monetary Fund (IMF)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluation speculations. To…
While Official Figures Claim Turkey’s Inflation Rate Is 85%, Third-Party Stats Say It’s Closer to 200%
Inflation has skyrocketed in Turkey as official figures from the Turkish Statistical Institute (Tüik) show the country’s inflation rate topped 85.5% year-on-year. The inflation rate in Turkey has risen for…
Does the IMF have a vendetta against cryptocurrencies?
Is the multilateral lending institution throttling useful DLT experiments in the developing world, or is it saving crypto from itself?
Eswatini Central Bank Partners With German Firm to Explore CBDC
Eswatini recently became the latest African country to jump on the central bank digital currency (CBDC) bandwagon after its central bank selected Giesecke Devrient, a Germany-based technology firm, as its…
EU Commissioner Urges US to Create New Crypto Rules — Says ‘We Need to Look at Global Regulation of Crypto’
The European Commission’s commissioner for financial services has reportedly urged U.S. lawmakers to establish new rules to regulate the crypto industry. “We do need to see other players also legislating…
Salvadoran President Nayib Bukele Takes Aim at Bitcoin Detractors, Says the Ones Who Are Afraid ‘Are the World’s Powerful Elites’
It’s been over a year since El Salvador codified bitcoin as legal tender in the Latin American country, and by popping the ‘orange pill,’ the country was propelled into the…
Egyptian Pound Latest African Currency to Slump to Record Low Versus US Dollar
The Egyptian pound recently became the latest currency from the African continent to see its value versus the greenback slump to a record low. The pound’s fall came amidst reports…
Bitcoin-Embracing El Salvador President’s Re-Election Declaration Slammed
Just over a year after overseeing El Salvador’s adoption of bitcoin, the Central American country’s 41-year-old president, Nayib Bukele, recently declared his intention serve another five-year term. The announcement has…
Law Decoded, Sept. 5–12: The pressure is growing in the US
Last week regulators worried about the "de-integration" of financial sector and global energy consumption — all because of crypto.
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