Cryptocurrency Analysis and News Portal
The Zimbabwean minister of finance, Mthuli Ncube, has once again talked up the potential advantages of using cryptocurrencies. In new comments made shortly after visiting the DMCC Crypto Centre in Dubai, Ncube raises the possibility that the country might use cryptocurrency-based solutions to lower the cost of remitting funds across
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Amid the growing opposition against the new cryptocurrency tax regime in South Korea, finance minister Hong Nam-ki confirmed that the government will start taxing capital gains from crypto trading starting next year.“It’s inevitable, we will need to impose taxes on gains from trading of virtual assets,” the minister said when asked
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Yet another “crypto ban” turns out to be temporary FUD.In an interview with CNBC this morning, Indian Finance Minister Nirmala Sitharaman said that reports of a blanket ban on cryptocurrencies are overstated. While negotiations are ongoing, she said she expects the end result to be more tempered:“Yes, a lot of
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The G7 meeting on Friday is a virtual meeting and will be the first since U.S. President Joe Biden was sworn into office on Jan. 20. Source
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Stephen Harper, an economist and the former prime minister of Canada, said bitcoin could potentially see use as a reserve currency, but isn’t going to supplant the U.S. dollar’s international role.In an interview with Cambridge House’s Jay Martin on Sunday, Harper acknowledged that the dollar had been on a downtrend,
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The Libra Association may have rebranded itself as Diem but that means little to German Finance Minister Olaf Scholz. According to a Reuters report, Scholz said in a statement that Libra’s rebranding as Diem was merely a cosmetic change. “A wolf in sheep’s clothing is still a wolf,” he said following
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Mikhail Mishustin, the Russian prime minister, raised the subject of cryptocurrencies and the need to protect users during the government session on Thursday, according to a transcript.Acknowledging the growing interest in this “relatively new tool,” Mishustin said the government plans to lead the cryptocurrency market’s development in a “civilized direction”
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Russian prime minister Mikhail Mishustin has appeared to express support for the further development of the local cryptocurrency market.At a recent governmental meeting held on Nov. 26, Mishustin proposed the introduction of legal protections for crypto holders in the country in order to contribute to the growth of the new
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Olaf Scholz said banks need to adapt for a digital world but seemed to rule out private digital currencies from that future. Source
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Brazilian Economy Minister Paulo Guedes has said that Brazil will issue its own central bank digital currency, or CBDC.Guedes made the statement on Thursday during a ceremony celebrating the number of 100 millionth digital savings account opened at Caixa Econômica Federal:"Now that the Central Bank is autonomous again, it’s also
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