Derivatives are useful in trading for a variety of purposes. They may be used by traders to access specific markets and trade different assets. They could serve as a form…
The BoE and the Britain Ministry of Finance are jointly considering the decision to proceed with a state-backed digital pound but not before 2025, following a consultation which raised privacy…
he BCB disclosed it is developing a “synthetic” CBDC that integrates the “trilemma” of decentralization, privacy, and programmability.
“Given our commitment to compliance, we intend to restrict the provision of services to EEA users in connection with stablecoins that do not meet the MiCA requirements by December 30,…
Specifically in respect of bitcoin, Kozack explained, “Ongoing discussions are focused on policies [and] reforms that can … boost productivity and economic governance addressing risks arising from bitcoin. A key…
The regulations introduced a value added tax (VAT) exemption to cryptocurrency and other virtual assets transactions. Effective from 15 November 2024, transfers and conversions of virtual assets will no longer…
The US Securities and Exchange Commission (SEC) has ruled that Green United’s crypto mining device, Green Box, is a security, Bloomberg Law reported. Meanwhile, the SEC’s lawsuit against Green United…
Fresh data from the Atlantic Council reveals that 134 countries have launched or are exploring central bank digital currencies (CBDCs). These countries represent 98% of global GDP, and 66 are…
The International Monetary Fund (IMF) published a paper in Septem. It advises that successful CBDC adoption requires technical readiness, operational robustness, strategic policy, and design choices that target end-user and…
Russia has turned to cryptocurrency to circumvent international sanctions. Since the Russia-Ukraine war, the United States and the European Union (EU) imposed sanctions on Russia making it unable to use…