The minister of technology and science of Zambia, Felix Mutati, has said that the central bank and the Securities and Exchange Commission of Zambia are “testing” technologies to regulate cryptocurrencies. Mutati said on the ministry website that Zambia has to govern this “revolutionary technology.” Because it represents the future the
Despite the challenging global economic conditions, central bank officials strive to stabilize Asia’s third-largest economy. As the Indian Finance Minister Nirmala Sitharaman stated in a LokSabha question hour, the Group of 20 (G20) big economies are exploring “the possibility of regulating cryptocurrencies and crypto mining” as a group. While China
One of the largest Bitcoin mining places in the world, Kazakhstan, has revealed intentions to impose new crypto legislation. In an effort to curb tax evasion and unsavory business practices. Kazakhstan President Kassym-Jomart Tokayev reaffirmed the country’s position on February 6. By signing new legislation prohibiting the illegal mining of
China has announced the launch of a new research centre that will focus on blockchain technology, despite the country’s rocky history with cryptocurrencies. The National Blockchain Technology Innovation Centre in China has received approval from the Ministry of Science and Technology. According to South China Morning Post, the primary goals
On Wednesday, US Federal Reserve Bank of New York released a 31-page report titled “The Bitcoin – Macro Disconnect”, compiling the findings of the impact of macroeconomic news on Bitcoin and other asset classes. Significantly, the findings of the analysis pushed the United State’s central bank into a perplexed state.
The credit card giant Visa aims to integrate Ethereum blockchain-powered solutions into its services. According to the firm, they have been experimenting with “how to accept payments from issuers in USDC on Ethereum and payout in USDC”. Additionally, there are large settlement payments. The President of the cryptocurrency division at
According to a report released by the National Bank of Kazakhstan (NBK) and Binance on February 3, the NBK has begun testing a digital tenge pilot project. Central Asia and the Commonwealth of Independent States were the focus of this research as it examined worldwide approaches to digital asset legislation,
Web3 and blockchain innovation fund Venom Ventures Fund, run by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has established a strategic agreement with Everscale, a leading blockchain that seeks to address the Web3 industry’s scalability problems. Everscale will get a $5 million investment from Venom Ventures Fund to assist
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Stablecoins and CBDC trials are becoming more popular in Europe. Spanish central bank Banco de Espaa approved a pilot programme on January 19. That would issue digital tokens tied to the euro. MONEI, a regulated fintech payments business, is leading the charge on this initiative. Furthermore, that will provide customers
