Business

Zimbabwe’s finance minister sees blockchain as having the ability to reduce ‘diaspora remittances’

Zimbabwe's central bank is anti-digital currency, and in 2017 it ordered all banks to stop processing digital currency transactions, including Bitcoin and other altcoins....

Payments in digital currencies are still prohibited in Russia. However, trading is permitted

Digital money has piqued the interest of many Russian investors. According to a poll done by the foreign exchange market in August 2021, around...

Unregulated digital currency forex transfers in South Korea reached a new high of $677 million

South Korea has seen an increase in unregulated and questionable foreign currency transfers employing digital currencies this year. According to data from the country's...

Uniswap Labs welcomes a former Obama spokesperson

Hari Sevugan, a former top spokesperson for Barack Obama, has been engaged by decentralized exchange Uniswap Labs to help it navigate the choppy waters...

Ukraine’s digital currency measure has been reintroduced in parliament due to a proposed ‘expensive’ watchdog and other concerns

As the government develops a legislative framework for digital assets and digital currencies, Ukraine's President, Volodymyr Zelensky, has returned the budding digital currency law...

After the Ruja Ignatova settlement, OneCoin investors voluntarily dismissed the class-action lawsuit

A class-action lawsuit launched by a group of investors against some of OneCoin's top executives and other linked organizations has been rejected in its...

Despite objections, South Korea will impose a 20% digital currency tax in 2022

According to the message released by the South Korean government, the government will collect taxes on digital currency profits as planned beginning next year....

Tajikistan’s CBDC announcement is fake, according to the central bank

Central bank digital currencies (CBDCs) have sparked a lot of interest around the world. For example, the Fantom Foundation recently announced that it had...

Unverified users will be limited in their withdrawals on South Korea’s Upbit exchange

Upbit, a leading Korean digital currency exchange, limits services to unverified customers to improve compliance with anti-money laundering legislation. The exchange announced that it would...

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