Shaktikanta Das, the Governor of India’s central bank, The Reserve Bank of India (RBI), has issued a cautionary statement regarding cryptocurrencies. On Wednesday, the RBI governor declared that private cryptocurrencies will create the next financial catastrophe. He added that he still believes in the need for cryptocurrency regulation. Shaktikanta stated:
To keep up with global trends, the Nigerian government is expected to approve legislation regulating Bitcoin and other cryptocurrencies in the near future. On December 18th, Punch Newspapers, a leading publication in Nigeria. Published the article after interviewing House of Representatives Committee on Capital Markets Chairman Babangida Ibrahim. The local
Central bank officials strive to stabilize Asia’s third-largest economy in the midst of challenging global conditions. While India’s Finance Minister Nirmala Sitharaman stated in the Reuters NEXT conference on Wednesday that she expects strong growth and lower inflation in the upcoming year. In addition, Nirmala Sitharaman specified Growth, health, and
Indonesia’s Central Bank on Wednesday revealed a planned white paper for a digital rupiah currency that will utilize blockchain technology as the country experiences a spike in digital transactions since 2020. Its been a year since Bank Indonesia (BI) tried to expose the potential of introducing its own digital currency
User’s private information was hacked only one month after Coinsquare became the first Canadian cryptocurrency trading platform to be approved by the Investment Industry Regulatory Organization of Canada (IIROC). The money investors have on Coinsquare are protected by the Canadian Investment Protection Fund. In the case of the exchange’s collapse.
According to a filing with the SEC, Brendan Blumer, CEO of Block.one, which created the EOSIO blockchain platform and EOS, has acquired a stake in Silvergate Capital, the parent company of Silvergate Bank, a crypto-fiat gateway network tailored to the needs of financial institutions. Moreover, the paperwork, dated Nov. 23,
In spite of the current cryptocurrency market downturn, El Salvador is increasing its wagers on the investment market. The first government to recognize Bitcoin as legal cash is currently drafting a Digital Asset Issuance Law. That would make it easier to do business with any cryptocurrency. A document posted on
By March of 2023, the Caribbean country of St. Kitts and Nevis may adopt Bitcoin Cash as legal cash. That was announced by Prime Minister Terrance Drew on November 12 during the Bitcoin Cash 2022 conference in St. Kitts. DCash is the central bank digital currency (CBDC) initiative of the
As a result of his recent comments on crypto entrepreneur Sam Bankman-Fried, American entrepreneur Michael Saylor has received widespread backlash from the crypto community. The co-founder of MicroStrategy is well-known for his advocacy of Bitcoin’s use in the financial sector. Despite significant unrealized losses as a result of Bitcoin’s recent
CALGARY, Alberta–(BUSINESS WIRE)–In light of recent events, Bitvo Inc. (“Bitvo”) announces that its shareholder, Pateno Payments Inc., has terminated its previously announced agreement with FTX Canada Inc. and FTX Trading Ltd. (“FTX”) in accordance with the terms of such agreement. Since inception, Bitvo has operated as an independent, Canadian crypto
