Two members of the US Senate, Senator Kirsten Gillibrand (Democrat, New York), member of the Senate Agriculture Committee; and Senator Cynthia Lummis (Republican Wyoming), member of the Senate Banking Committee; earlier this month introduced a new Bill for the regulation of cryptocurrencies. The bipartisan Bill, Responsible Financial Innovation Act, aims to create a “complete regulatory framework for digital assets.” according to...
Euro Coin (EUROC), Euro-backed stablecoin from Circle, out this month
A new stablecoin is coming to town, EUROC. EUROC is backed 1:1 by the Euro. Although backed by the currency of the European Union, EUROC is from the US: Circle. Now let's circle back on how this started. Circle, issuer of the USD Coin (USDC) stablecoin, announced last Thursday, the launch of a new stablecoin backed by the Euro (£) by...
Nigeria looks to adopt blockchain to facilitate stock-market trading next year
The rate of adoption of cryptocurrency among other digital assets in African countries remains on the high increase, despite the regulatory challenges, and the recent downturns the market has been experiencing. According to theafricareport.com, "Cryptocurrency adoption in Africa grew 1200% between July 2020 and June 2021, making it the fastest adoption rate in the world". One of the main reasons for...
Global regulators finalize plan on how to mitigate crypto losses
Due to the fast-growing adoption of cryptocurrencies amongst households in the U.S., the U.S. Department of the Treasury is launching an education campaign to raise awareness about the risks of investing in cryptocurrencies. The initiative is targeted at investors who have limited access to mainstream financial services. The Treasury's Financial Literacy Education Commission will be in charge of this initiative, ensuring...
Russia considers the use of crypto in international payments to ease the spite of sanctions
Due to the fast-growing adoption of cryptocurrencies amongst households in the U.S., the U.S. Department of the Treasury is launching an education campaign to raise awareness about the risks of investing in cryptocurrencies. The initiative is targeted at investors who have limited access to mainstream financial services. The Treasury's Financial Literacy Education Commission will be in charge of this initiative, ensuring...
