Tag Archives: Cryptocurrencies

Iran To Lift Cryptocurrency Ban In September

Since the US imposed sanctions on Iran, the country has been trying to find ways to circumvent the sanctions and one way is through the use of Cryptocurrencies. Discussions about lifting Cryptocurrency ban in Iran have been ongoing since the American-led sanctions on the country took hold. The latest reports from Tehran claim that the […]

P2P Exchange Options Boost The Indian Crypto Market

There has been a significant increase in peer-to-peer trading in India since the country’s central bank barred banks from opening bank accounts for Crypto traders. Several peer-to-peer (P2P) platforms have emerged to facilitate Cryptocurrency trading in the world’s largest democracy. Crypto exchanges have developed various escrowed P2P solutions to meet the demand for Cryptocurrencies in […]

Another U.S. Congress Member Reveals Her Crypto Investments

Although the U.S. and other Western governments have been harsh critics of Cryptocurrencies, more members of the American Congress are revealing their investment in the sector and the number is expected to increase in the coming months. Rep Tulsi Gabbard (D-HI) has become the most recent member to announce her Cryptocurrency investments. In June this […]

Incorporating Virtual Currencies In Islamic Finance

Cryptocurrencies represent a value that can be transacted or traded digitally. Although they have not attained a legal tender status anywhere, they operate as a medium of exchange and also as a store of value. The market capitalization of the virtual currencies has grown to about $400 billion. Over 1500 coins have been developed with […]

Venezuela To Become The First Country With A Central Bank For Crypto

It has been revealed that the Venezuelan National Assembly is planning to create a central bank of Cryptocurrencies. A member of parliament told Reuters that the house will reform the constitution to allow for the creation of the bank. When the central bank is set up, Venezuela will become the first country to have such […]

India Explores The Use Of Crypto Tokens

The latest Crypto reports from India say that the country is exploring how it could allow the use of certain crypto assets for financial transactions. According to DNA India, the government is not planning to change its current stance on Cryptocurrencies. Whereas a Cryptocurrency affects a country’s monetary policy, a Crypto token does not as […]

A Study By Ecobank Establishes Increased Use Of Cryptocurrencies In Africa

A recent study by Ecobank Transnational Inc. on the use of Cryptocurrencies in 36 African countries has found a significant presence of the digital assets in these countries. However, the report by the pan-African bank has found that most countries have are yet to regulate the sector and have instead adopted a wait-and-see policy. Additionally, […]

How Different Countries Are Regulating Cryptocurrencies

As more people are getting involved with Cryptocurrencies such as Bitcoin, Ethereum, and Litecoin among others, the regulators have turned their attention to the sector. The emergence of the new technologies has seen regulators from different countries come up with measures to control the sector. From China to the US and European countries, the governments […]

Bob Goodlatte, A Member Of The U.S. Congress Reveals His Crypto Holdings

Congressman Bob Goodlatte has disclosed his Crypto holdings. The chair of the House Committee on the Judiciary is likely the first congressman to reveal his investments in the virtual currencies. In June, the US Office of Government Ethics (OGE) released a legal advisory requiring employees in the executive branch to reveal their holding of Cryptocurrencies. […]

Indians Circumvent The RBI Cryptocurrency Ban

The Indian Crypto traders have come up with a new way of trading the virtual currencies, especially Bitcoin to bypass the Crypto banking ban introduced by the Reserve Bank of India (RBI). All the financial institutions under the RBI, the country’s central bank are not allowed to provide banking services to businesses dealing with Cryptocurrencies. […]
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