Elvira Nabiullina, Governor of the Bank of Russia, stated that the current pilot test of the Russian digital ruble was “on track,” with several operations being tested, including opening wallets, and interactions with smart contracts. Nabiullina revealed that over 25,000 transactions were registered, and confirmed the pilot expansion later this year. Russian Digital Ruble Pilot…
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The Financial Supervisory Commission (FSC) of Taiwan has announced its intention to propose a new draft of digital asset regulations for the country in September 2024. The upcoming draft bill will aim to create more effective regulations for digital asset markets and to assure the safety of investors, said Huang Tien-mu, chairman of the FSC,…
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Bitcoin Price Prediction Bitcoin’s latest rally to $66,400, showcasing nearly 6% uptick within a mere 24 hours, becomes a focal point for analysts and investors alike. This surge not only bolsters Bitcoin’s market cap to a towering $1.3 trillion but also intensifies discussions around Bitcoin price predictions, especially in light of $2 billion exiting exchanges—a…
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While bitcoin reached a 2024 high on Monday, rising above the $67,000 per unit range, Coinbase suffered an issue again where customers were seeing zero balances. The news follows the issues Coinbase suffered on Feb. 28, 2024, when customers saw zero balances that day as well. Coinbase Users Encounter Zero Balance Bug Again Coinbase’s trading…
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Following bitcoin’s climb beyond the $65,000 mark, social media has been buzzing with discussions about the rumored acquisition of bitcoin by a billionaire from Qatar post the Bitcoin Atlantis conference in Madeira. A sighting of a Qatari jet at the airport subsequent to the Bitcoin Atlantis gathering has caught the public’s attention, with the shared…
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Indonesian crypto regulator has requested the country’s Finance Ministry to reconsider the current ‘dual taxation’ on crypto transactions. Cryptocurrencies are commodities in Indonesia and currently imposes 0.11% value-added tax and 0.1% income tax. Indonesia’s Commodity Futures Trading Supervisory Agency (Bappebti) officials argued last week that the double-taxation on crypto transactions require reassessment. According to Tirta…
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A South Korean committee responsible for personal information matters is probing Worldcoin for collecting and processing sensitive information. A government notice issued Monday stated that the Personal Information Protection Committee initiated an investigation into the digital identity project on Feb. 29. This action followed complaints about the collection and processing of personal information, including iris…
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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Bukele states El Salvador will not sell its bitcoin, Bitcoin ETFs land in Brazil and Peru, and Argentine President Javier Milei aims to criminalize central bank money issuance. El Salvador Won’t Sell…
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Alfa-bank, one of Russia’s biggest financial institutions, has created a “digital financial asset” (DFA) backed by gold, stocks, and cash. Per an Alfa-bank press release published on February 28, the bank said its new “tool” lets customers “invest in four asset classes at once” using bank-issued tokens. Alfa-bank Launches DFAs – More Russian Banks to…
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Bitcoin’s price prediction remains a focal point for investors as BTC price is climbing to $63,800, an increase of nearly 3.25% on Monday. This surge reflects growing investor confidence and a keen eye on the Federal Reserve’s anticipated monetary policy adjustments. With Bitcoin breaking above critical resistance levels, the market signals potential for further gains, underlining…
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