Taiwan’s Financial Supervisory Commission is set to be announced as the body that will oversee and regulate the virtual asset industry. According to a report, the collapse of crypto exchanges like FTX prompted Taiwanese officials to seek ways of protecting users against similar events should they recur.
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U.S. officials are reportedly studying ways to expand the current scope of deposit insurance that would guarantee all U.S. bank deposits should the current banking crisis worsen. The current deposit insurance cap under the Federal Deposit Insurance Corporation stands at $250,000, however, following the collapse of several banks in March, 18TBankCountrysDepositsExploringguaranteeReportWays Read More
Nigerians are paying a premium, but probably more for the U.S. dollar than for bitcoin, an analyst told CryptoX.
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Starting in the spring of 2023, the BoJ will work with private banks and other organizations to identify any problems with deposits and withdrawals, and check that a central bank digital currency (CBDC) can operate during natural disasters and in areas without internet access, according to the report.
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The party of the Nigerian presidential hopeful Asiwaju Bola Tinubu has promised to set up an advisory committee to review regulations that govern blockchain and virtual asset services if it wins in the upcoming elections. The All Progressives Congress also said it “will work with the Central Bank and the AfricaBitcoinBlockchainCountrysCryptoelectedHopefulsNewsNigerianPartyPolicyPresidentialReview Read More
The Kenyan central bank governor Patrick Njoroge has described as “craziness” the calls to convert Kenya’s reserves into bitcoin. He added that he would have to be out of his mind before agreeing to this. Njoroge argued that cryptocurrencies like bitcoin are not only volatile, but are hardly solving any AfricaBankBitcoinCentralConvertCountrysCrazinesscryptoexchangeExchangesKenyanNewsReserves Read More
Cryptocurrency service providers operating in Ethiopia are now required to register with the country’s cybersecurity agency known as the Information Network Security Administration (INSA), a report has said. According to the agency, legal measures will be applied to crypto entities that fail to comply with its registration call.
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Law enforcement officials in Minsk are seeking international assistance to locate and detain the man who ran what is said to be the biggest online exchanger for cryptocurrencies in Belarus. The crypto trader has been accused of tax evasion and an investigation against three of his accomplices has estimated the ArrestBelarusBitcoinCountrysCryptocryptoexchangeExchangerExchangesInternationalIssuesLargestNewsownerWarrant Read More
According to local news outlet Arz Digital, the day prior, Rajabi Mashhadi, a spokesperson for Iran's Ministry of Energy, said that the entity would be cutting the power supply to all of the country's licensed crypto mining firms by the beginning of July.Citing an anticipated electricity deficit from the peak-summer CountrysCryptocutGovernmentIranianLegalMiningPowerRigsSupply Read More
“Crypto adoption is happening everywhere, and Indonesia has proven itself to be one of the world’s most rapidly growing markets for crypto assets,” Pantera partner Paul Veradittakit said in the press release. ”Crypto is a global asset class, and Pintu has become Indonesia’s premier portal to gain access to crypto BoomCountrysCryptoExchangeIndonesianMeetPintuRaises Read More