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In order to perform KYC on its users, hi will soon utilize a Proof of Human Identity solution that helps prevent bots from transacting on its layer 2 network. Original Source
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Crypto traders are buying up DOGE in hopes of the token playing a larger role on Twitter, which rebranded as “everything app” X on Monday. Source
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Despite the former governor’s ousting nearly two months ago, the Central Bank of Nigeria (CBN) continues to be committed to its central bank digital currency (CBDC) project, showing no indications of abandoning it.According to a report by local news outlet The Sun, the central bank recently enhanced the CBDC mobile
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bundle, a Nigerian social payments app, is winding down its cryptocurrency exchange division. Although the reasons for Bundle’s decision have not been disclosed, it indicates a change in the company’s approach. Bundle dumps crypto amid CBN
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Nigerian social payments app, Bundle announced on July 20 that it is shutting down its crypto exchange arm. According to a statement released on the company blog, explaining that it is ceasing its crypto exchange operations as it focuses on expanding the services of Cashlink as a payment solution. Bundle stated
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"Through these experiments, the Banque de France shows the operational feasibility and practical implementation of the three models it has conceptualized for issuing wCBDC directly on DLT [distributed ledger technology]," the central bank said, adding that different types of DLT were used to test applications in asset tokenization and the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Kuwait has prohibited all crypto activities and use cases in the country, including payments, mining, and investment. The Central Markets Authority (CMA), Kuwait’s financial regulator, released a circular on July 19. The regulator stated that cryptocurrency was
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The United States Federal Reserve has officially launched FedNow, an instant payment service offering round-the-clock payments and settlements. Initially, the service has a transaction limit of $100,000 per customer, which could be later extended to $500,000. The
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The Fed says its new service will operate for 24 hours every single day. While continuing to use commercial banks as intermediaries, central bank officials have previously said it will allow payments to be processed in a matter of seconds, something that’s already the norm in many other jurisdictions across
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The Capital Markets Authority also placed an "absolute" ban on all digital asset mining, prohibited the recognition of crypto as decentralized currency, and also warned the public that companies are not allowed to provide any type of crypto-related services. Source
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