Cryptocurrency Analysis and News Portal
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Brazilian President Luiz Inácio Lula da Silva has signed a new law empowering the country’s central bank to regulate and supervise cryptocurrency firms while ensuring that tokens that qualify as securities remain under the authority
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Brazilian President Luiz Inácio Lula da Silva, known to many as simply Lula, has signed legislation giving clarity to the roles the country’s central bank and securities regulator will take in regards to cryptocurrencies.In a June 14 notice, President Lula signed government decree No. 11.563, establishing rules under a December
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As inflation slows, the European Central Bank (ECB) may halt future rate hikes, with the upcoming staff projections and rate decision playing a crucial role in determining the bank’s approach. Central banks across the world have been hiking interest rates in order to tame the soaring inflation. However, as inflation shows
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Nigeria’s cryptocurrency landscape has experienced ongoing turmoil, with citizens embracing digital assets while the government remains steadfast in its opposition. In response, the government has enforced a ban on cryptocurrencies, prohibiting individuals from engaging in crypto transactions
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following a period of feedback collection on central bank digital currencies (CBDCs) earlier this year, Kenya’s central bank (CBK) has told the public that a CBDC is not a priority. Additionally, the CBK has expressed the view
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The Central Bank of Kenya received comments on a discussion paper on the potential issuance of a digital shilling and hasn’t reached a definitive conclusion. In a June 2 announcement on Twitter, Kenya’s central bank said it received more than 100 comments from members of the public, commercial banks, tech firms
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The allure of the CBDC is fading and issuing one "may not be a compelling priority," the bank said. Source
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“There are major inconsistencies between Qatar’s risk profile and the type and extent of terrorist financing activity prosecuted and convicted,” added FATF, a Paris-based global watchdog, which seeks to monitor and mitigate flows of dirty money, including through a controversial “travel rule” requiring the identification of participants in crypto transactions. Source
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Georgia, a major cryptocurrency-friendly country among post-Soviet states, is preparing to start monitoring crypto firms to prevent money laundering and comply with sanctions.The National Bank of Georgia (NBG) plans to launch mandatory supervision of virtual asset service providers (VASPs) starting Sept. 1, 2023.The NBG acting governor Archil Mestvirishvili said that
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Hong Kong and the United Arab Emirates' (UAE) central banks are looking to collaborate on cryptocurrency regulations and financial technology development.On May 30, the Hong Kong Monetary Authority (HKMA) said it met with its counterparts at the Central Bank of the United Arab Emirates (CBUAE) with the two agreeing to
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