The Securities and Exchange Commission of Nigeria has banned a company called Binance Nigeria Limited from operating in the country. Investments placed on Binance Nigeria Limited are not protected by law, as stated in a circular released by the local authorities. Binance is now engaged in a heated legal struggle
The crypto market experienced a downtrend after the SEC continuously filed charges against the leading crypto exchanges. However, the cryptocurrency Quant (QNT) has shown an extraordinary surge in its trading price. The sudden price surge captured the attention of investors in the crypto market. On June 16, Quant, the London-based
LONDON–(BUSINESS WIRE)–Quant, the blockchain for finance pioneer, today announced its role as part of the vendor team for Project Rosalind. The project, led by the Bank for International Settlements and Bank of England, explored how application programming interfaces could be used for central bank digital currency systems. Project Rosalind, directed
On Thursday, Ripple, the blockchain-based crypto firm collaborated with Colombia’s Central Bank named Banco de la República. Also, it is inspected that this partnership would explore the world of blockchain technology. Yet, the market has remarked a sudden drop than grossing high. The hitch is that the overall price of
The pilot program will evaluate high value payments use cases using Ripple’s CBDC Platform based on the core technology of the XRP Ledger SAN FRANCISCO–(BUSINESS WIRE)–Ripple, the leader in enterprise blockchain and crypto solutions, announced today its collaboration with the Banco de la República, Colombia’s Central Bank, to explore blockchain
Brazil President Luiz Inácio Lula da Silva, commonly known as Lula, has approved new legislation outlining the responsibilities of the country’s central bank and securities regulator regarding cryptocurrencies. The government decree, numbered 11.563, was signed on June 14 and provides clarity on the legal framework for cryptocurrencies established by a
Major platform update architected to deliver high availability, scalability, and secure interoperability with other enterprise DLT platforms R3 launches Hyperledger Lab, Harmonia, to support industry-wide collaboration on interoperability LONDON & NEW YORK–(BUSINESS WIRE)–R3, the enterprise distributed ledger technology (DLT) and services firm, today announced the next generation of its flagship
Hong Kong, China turning out to register itself as the upcoming crypto hub. The recent updates with regard to Hong Kong depict the growing crypto exploration in the country. Meanwhile, the crypto assets regulation in Hong Kong is active even though certain countries in the West keep a step back.
Reserve Bank of India (RBI) Deputy Governor T. Rabi Shankar remarked on Thursday, June 8 after the monetary policy announcements that the RBI aims to reach one million users of the RBI’s digital currency, also known as the Digital Rupee. Keep in mind that the Reserve Bank of India (RBI)
The UK’s Financial Conduct Authority (FCA) has proposed tough new marketing rules that include a ban on crypto incentives. The proposed rules aim to protect retail investors from potential harm by prohibiting the use of incentives to promote crypto investments. The FCA is cracking down on crypto promotions and incentives
