Crypto users in Iran resort to p2p bitcoin exchanges following the shutdown of LocalBitcoins. Iran’s plan to battle international sanctions through the use of a state-sponsored cryptocurrency has been brewing for over a year now. It’s been a viable and exciting option for a country that had been cut off from the global economic community […]
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A new draft banking law will make it mandatory to obtain licenses in advance of operating platforms for issuing or trading crypto. A new banking law drafted for the Central Bank of Egypt (CBE) would make it mandatory to obtain licenses in advance of creating, advertising or operating platforms for issuing or trading cryptocurrencies. The […]
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Iran’s central bank, in partnership with a local blockchain solutions provider, is developing a national blockchain platform called Borna that will be used to revamp the country’s ailing banking and financial markets. The Central Bank of Iran (CBI), via its Informatics and Services Corporation (ISC) and in conjunction with Areatak — a Tehran-based blockchain solutions […]
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An ECB official, Vitas Vasiliauskas, highlighted the benefits of central bank digital currencies but stressed caution in a recent speech. A European Central Bank (ECB) official highlighted the benefits of central bank digital currencies (CBDC) while stressing caution in a speech published by the Bank of International Settlements on May 27. Vitas Vasiliauskas — Chairman […]
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The bitcoin price soared to as high as 394,000 Argentine pesos as major investors worry that a populist former president could return to a position of power. The biggest cryptocurrency, bitcoin (BTC), has hit an all-time high versus the Argentine peso amid the ongoing decline of the currency, Financial Times (FT) reports on May 27. […]
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The Reserve Bank of Malawi said that crypto is not legal and the state does not plan to recognize crypto investments in the country. The central bank of Malawi announced that crypto is not legal in the country and that the institution is against crypto-related activities, local news agency Nyasa Times reports on May 27. […]
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Italy is for the European elections. Blockchain is on the agenda for politics and institutions, and relevant novelties lay ahead. Between May 23 and 26, 2019, the European Union’s citizens are renewing their continental parliament. Among the countries that will participate in the poles is Italy (voting on May 26) — one of the founding […]
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Russian state-owned firm Rostec offers a $1.3 billion-worth plan to apply blockchain in all the state data systems. Russian state-owned holding conglomerate Rostec proposed a roadmap on applying blockchain in all the governmental data systems, local financial newspaper Kommersant reports on May 24. An institution under Rostec has reportedly developed a blockchain roadmap worth of […]
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A capital markets platform in Singapore will be ready to fully launch regulated trading of digitized securities in early 2020. Capital markets platform iSTOX has joined Singapore’s regulatory sandbox to launch digitized securities trading in late 2019, the firm announced in a tweet on May 24. Following its addition to the Monetary Authority of Singapore […]
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The head of Bank of Russia said that they will consider a gold-backed crypto for settlements, but using national currencies is more important. Russia’s central bank, the Bank of Russia, will consider issuing a gold-backed cryptocurrency, Russian news agency TASS reports May 23. Elvira Nabiullina, the head of the Bank of Russia, revealed that the […]
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