Blockchain analysis platform Chainalysis unveiled its Global Crypto Adoption Index for 2023, revealing that India has surged to the top spot in terms of cryptocurrency adoption despite grappling with a challenging regulatory and tax environment. This marks a two-spot rise from its position in the previous year’s rankings. The report
According to a recently released regulatory document, the Indonesian government has made changes to the Trade Controlling Agency Regulations Commodity Futures Number 11 of 2022. In a significant development, XRP and other listed tokens have been granted trading licenses in the country. With the recent amendment, the Indonesian government has
Floki enthusiasts have cause to rejoice, as the popular cryptocurrency, FLOKI, has been linked with AliExpress as a “payment option.” According to the announcement, AliExpress provides users with an exciting option to “shop with FLOKI through Shopping.io,” which allows users to utilize FLOKI to make purchases on AliExpress. Further, the
Bitcoin, the largest cryptocurrency by market capitalization, has transitioned from being an esoteric fascination to a commonly recognized monetary instrument. While its hype extends globally, some countries are at the forefront, experiencing an extraordinary leap in the number of crypto users and owners. Crypto Craze: 2018-2022 Growth in Key Global
In an effort to regulate financial transactions within its popular tourist destination, Bali, the Indonesian local government is taking strict measures against the use of cryptocurrencies by visitors. Governor Wayan Koster of Bali conveyed this message to local media on May 28. Wayan Koster, Governor of Bali, stated: “Foreign tourists
The most prominent cryptocurrency, Bitcoin (BTC) gathered attention among the crypto community by reaching a new all-time high (ATH). As per the reports of Glassnode, a crypto analytics provider, it is noted that the overall non-zero addresses turn to an approximation of 46.1 million. #Bitcoin adoption continues to soar as
To empower India’s Crypto Adoption, the global fiat-crypto payment service provider, Alchemy Pay has started supporting India’s Unified Payment Interface (UPI) for all domestic payments and transfers. This enables consumers to buy or sell cryptocurrencies with the Indian rupee for a minimum purchase of INR 1,250. 📢#AlchemyPay's On-Ramp now supports
The Securities and Futures Commission (SFC) of Hong Kong is seeking public input on its recently proposed licensing scheme for cryptocurrency exchanges. That is slated to go into effect in June 2023. On Feb. 20, the SFC announced the consultation process and detailed a new licensing framework for the industry.
According to reports, on June 1st, 2023, Hong Kong will officially make cryptocurrency purchasing, selling, and trading entirely legal for all of its residents. In Hong Kong, Interactive Brokers (IBKR) has started working with cryptocurrency exchange OSL Digital Securities. This is to provide cryptocurrency trading to professional investors. The objective
Thani Al-Zeyoudi, the UAE’s minister of state for international trade, highlighted that the country has gained a great deal of knowledge from the cryptocurrency industry and must now adopt the appropriate regulations to promote continued growth. According to Thani Al-Zeyoudi, cryptocurrency will soon play a significant role in the country’s
