Cryptocurrency Analysis and News Portal
The United Arab Emirates is reportedly planning to issue a federal crypto license for virtual asset service providers (VASPs) by the end of the first quarter.The Securities and Commodities Authority (SCA) in UAE is reportedly in the final stages of finalizing the legislation that would allow digital asset firms to
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The Middle Eastern country is gearing up to become a global crypto hub. Original Source
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Concerns over ability to service debt, concentration of power in the presidency, and adoption of bitcoin as legal tender drove the downgrade. Source
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Mitsubishi UFJ Trust is set to issue a stablecoin as a means of payment in aiming to bring about instant settlement of securities transactions. Source
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With the opening ceremony of the Beijing 2022 Winter Olympics completed and all competing athletes currently in China, two members of Congress are warning of the potential dangers of using digital yuan at the events.According to a Friday report from Reuters, Pennsylvania Senator Pat Toomey sent a letter to Secretary
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The Coachella Valley Music and Arts Festival is stepping into non-fungible token (NFT) technology space, according to the festival’s official Twitter account. Coachella partnered with the crypto exchange FTX US, and the NFTs are minted on the Solana blockchain. Coachella Partners With FTX US to Mint Solana-Based Digital Collectibles Since 1999, the
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Indian Finance Minister Nirmala Sitharaman confirmed at the parliament budget session on Tuesday that the Reserve Bank of India (RBI) will issue a digital rupee based on blockchain, as she proposed the issuance for financial year 2022-23. Fast facts “Digital currency will also lead to a more efficient and cheaper currency management
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The Bank of Thailand (BOT), the Securities and Exchange Commission (SEC) and the Ministry of Finance (MOF) have come together to review and issue guidelines on the use of digital; assets as a payment tool.In a joint press release on Tuesday, Thailand’s top regulatory bodies said that it has become
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Minnesota Representative Tom Emmer has announced he will be introducing a bill intended to prevent the Federal Reserve from acting as a retail bank in the potential issuance of a digital dollar.In a Wednesday announcement, Emmer said the bill would prohibit the Fed from issuing a central bank digital currency, or
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Will the plan work? Soon, the Bitcoin Bonds will get the legal foundation they need. In a recent TV interview Alejandro Zelaya, El Salvador’s Finance Minister, said they will send the necessary bills to Congress. Soon. Reportedly, El Salvador will initially issue $1B worth of bonds, which will have a
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