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The Bank of Ghana has warned businesses and the public against the practice of demanding or making payments in foreign currency without its authorization. The central bank’s warning comes just over a month after Ghana’s currency was rated the worst performing among Africa’s top currencies. Violators Face Possible Prison Time The
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The company also said permission for its operations to continue at its New York facility has been delayed again. Source
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Last year, the Ukrainian government launched concerted efforts to attract a local crypto industry that was part of a push to further digitize the economy. In September, the Parliament passed a law legalizing and regulating bitcoin. The country has low taxes, crypto-friendly regulations and a highly educated and young workforce. Original
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The United Kingdom’s Financial Conduct Authority, or FCA, has issued a warning to Binance Markets in response to Binance’s payment company Bifinity and investment firm Eqonex entering a strategic partnership.In a Monday statement, the FCA reiterated that Binance Markets Limited was not allowed to conduct certain regulated crypto-related activities in
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CFTC chair Rostin Behnam also requested that Congress fund his agency with an additional $100 million to properly oversee crypto markets. Source
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