Blog: Addressing concerns on the use of AI by local authorities
A blog by Stephen Bonner, Deputy Commissioner – Regulatory Supervision 19 January 2023 So many of people’s interactions with the government, both local and
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Local
Nearly $1 Billion Poured Into Egypt’s Forex Market — Local Currency Now World’s Worst Performing Currency in 2023 – Economics Bitcoin News
The Egyptian central bank recently claimed that its decision to devalue the local currency has been vindicated by foreign investors’ return to the country’s foreign market where they reportedly poured in $925 million in just three days. The surge in the sales of Egyptian treasury bills that mature in a
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Syrian Central Bank Devalues Local Currency by Nearly 50% – Economics Bitcoin News
The Syrian central bank recently announced the nearly 50% devaluation of the Syrian pound’s exchange rate versus the greenback from 3,015 per dollar to 4,522 per dollar. The central bank also warned currency speculators that it will take steps to end activities that undermine the stability of the exchange rate. Currency
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UK Enforces Crypto Tax Break for Foreign Residents Using Local Investment Managers
“This exemption is an important factor in attracting global investors, meaning foreign investors won’t be brought into U.K. tax simply by appointing U.K.-based investment managers,” the government's tax arm, the HM Revenue and Customs, said in an email to CryptoX. “To build upon the U.K.’s position as an investment management
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Nigerian Central Bank Spent Over $1.8 Billion Managing Local Currency – Economics Bitcoin News
During her appearance before Nigerian lawmakers, Aisha Ahmad, the deputy governor of the Central Bank of Nigeria (CBN), told lawmakers that out of the nearly $1.8 billion used to manage the local currency, over 90% of this total was reportedly used to fund expenses associated with the production of banknotes. The
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Japan Plans to Allow Local Listing of 'Foreign' Stablecoins: Nikkei
The Financial Services Agency is seeking feedback on new stablecoin regulations set to take effect in 2023. Original Source
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Blockchain gets religion? Temple in Taiwan minting NFTs to local sea goddess
The Chinese sea goddess Mazu is big business in Taiwan and the blockchain could make it even bigger.The Mazu deity, known as a protector of seafarers and worshiped by Chinese communities around the world for centuries, is especially popular in Taiwan. The Dajia Jenn Lann Temple in Taichung city organizes
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Opposition press links Russian lawmaker to local crypto OTC
A Russian legislator who was one of the authors of the bill to legalize cryptocurrency mining in the country has been tied to a local over-the-counter (OTC) exchange known as Bankoff.Russian opposition activist Mikhail Khodorkovsky linked Bankoff OTC to lawmaker Andrei Lugovoi in an article of London-based investigative project Dossier
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Gate.io closer to launching US services after receiving local licenses
Gate US, the United States arm of the fourth largest cryptocurrency exchange by trading volume, Gate.io says it has received operating licenses in “several” states, bringing it closer to launching services in the country. Founder and president of Gate.io and its U.S. entity, Dr. Lin Han, announced in a Dec.
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Argentine Province of San Luis to Issue Dollar-Pegged Stablecoin and Local Art NFTs – Regulation Bitcoin News
San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. The bill, which also approves the issuance of local artistic assets as NFTs (non-fungible tokens) seeks to enable the promotion of social development, and economic, cultural, and financial inclusion using blockchain. San Luis
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