The proposed amendment is being carried out to prevent sanctioned countries from taking evasive actions using digital assets. Japan plans to amend its Foreign Exchange and Foreign Trade Act to bring crypto exchanges under the purview of laws that govern banks, a government official revealed on Monday. The proposed amendment is being carried out to…
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“When you move past the comfort of Bitcoin, you start entertaining many other ideas,” said Cardano founder Charles Hoskinson in his keynote speech. Cardano founder Charles Hoskinson gave a keynote speech on the first day of this year’s Binance Blockchain Week, held at the Dubai World Trade Centre in the United Arab Emirates. Addressing the…
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Bitcoin (BTC) broke through a key resistance level and reached a price well above USD 47,000 overnight. The gain was supported by Terra (LUNA)’s continued buying of BTC and by high liquidations of leveraged short positions. The number one cryptocurrency on Monday reached a high of USD 47,650, before settling just above the USD…
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Rio de Janeiro, one of the most iconic cities of the South American continent, has announced it will allow its citizens to pay taxes with cryptocurrencies. This makes it the first city in the country to do so, recognizing there is a boom in the cryptocurrency market. These actions form part of a plan that…
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A United States House bill proposes a Treasury-issued, hardware-secured and anonymous form of digital cash. The Electronic Currency and Secure Hardware Act (ECASH Act), introduced today in the United States House of Representatives, could herald a new direction in government-sponsored digital currencies. The legislation calls for the U.S. Secretary of the Treasury to develop and…
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Hacking group Anonymous has reportedly published a large amount of data allegedly belonging to the Bank of Russia. The release comes after the collective announced it had hacked Russia’s central bank earlier this week, a claim that was denied by the monetary authority in Moscow.
Anonymous Publishes Leaked Bank of Russia Files
A…
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In a recently released document, the Bank of Ghana (BOG) outlines some of its key reasons for developing the central bank digital currency (CBDC). Also, in the document, the bank’s governor insists the institution is open to suggestions that will help it to successfully launch the digital currency.
Benefits of a CBDC
The…
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The global crypto industry is increasingly fighting back in response to regulatory proposals they consider harmful to the sector’s future development. Following the unsuccessful campaign by some European Parliament (EP) members to ban proof-of-work (PoW) consensus protocol-powered cryptoassets, the crypto industry is now targeting a potential crackdown on so-called “unhosted wallets” in the European…
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A Brazilian newspaper, Estadão, reported that Coinbase could complete the acquisition of $2.2 billion 2TM, the company behind Mercado Bitcoin, by April. Coinbase is set to continue its global acquisition strategy, reportedly buying the Brazilian company 2TM, the parent company of Mercado Bitcoin. According to information from Estadão, the third-largest newspaper read by Brazil’s 212 million…
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Two U.S. senators are working on a bipartisan, broad-based regulatory framework for cryptocurrency. “The work we’re doing is going to be a very complex and intensive review of the different aspects of this industry,” said one of the senators. US Senators to Introduce Comprehensive Framework to Regulate Crypto Industry U.S. Senators Kirsten Gillibrand (D-N.Y.) and…
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