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Lower-middle-income countries leading global crypto adoption
Sep 13,2023
According to an initial report from Chainalysis, a crypto research firm, the global adoption of cryptocurrencies is predominantly being led by lower-middle-income countries. The report evaluates 154 countries using a Global Crypto Adoption Index that...
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Walmart looks into fake press release on Litecoin tie-up
Sep 13,2023
According to a news report, Walmart Inc has said it is looking into a fake press statement which announced a partnership with Litecoin, leading to a nearly 30% gain in the cryptocurrency. The fake statement issued by the news release distributor Glob...
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France to block Facebook's Libra cryptocurrency
Sep 12,2023
 At the opening of the OECD Blockchain development summit in Paris, French finance minister Bruno Le Maire said France will halt any progression of Facebook's Libra cryptocurrency development in Europe. 'I want to be absolutely clear: In these c...
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G20 member nations endorse regulatory recommendations for crypto assets
Sep 11,2023
The G20 member nations have unanimously endorsed the Financial Stability Board's (FSB) recommendations on regulating, supervising, and overseeing crypto assets, aiming to mitigate the associated risks. In a meeting scheduled to take place in Morocco,...
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Swiss Financial Market Supervisory Authority FINMA issues the stable coin guidelines
Sep 11,2023
Swiss financial regulator FINMA issued guidelines regarding the regulation for 'stable coins'. Stable coin is a term for cryptocurrency that is backed by real assets such as gold, silver, bonds, stocks, or other major currencies (dollar, euro etc.). ...
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Ukraine adopted a regulatory framework for cryptocurrency
Sep 10,2023
The Ukrainian parliament adopted a law on cryptocurrency and digital assets regulation in the country. After one year of public review and drafting, the new law is introducing a regulatory framework for legal operation of crypto exchanges, custody se...
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China crackdown on cryptocurrency influencers
Sep 06,2023
Sina Weibo, the popular Chinese social media app, has taken action to remove 80 influencer accounts that were promoting cryptocurrency activities on its platform. The removal was carried out in response to official legislation, as the accounts were f...
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Visa expands stablecoin settlement capabilities to Solana blockchain
Sep 06,2023
Visa, a global leader in payments, is taking steps to modernize cross-border money movement by expanding its stablecoin settlement capabilities to the high-performing Solana blockchain. The company is collaborating with merchant acquirers Worldpay an...
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Leveraging innovation and partnership for food security in Asia and the Pacific
Sep 06,2023
The Thirty-fifth Session of the Food and Agriculture Organization (FAO) Regional Conference for Asia and the Pacific (APRC 35) was convened virtually between 1-4 September 2020 where governments, civil society organisations, and the private sector un...
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Seoul plans new cyber bill to target North Korean illicit crypto assets
Sep 05,2023
It is reported that South Korea is planning to come out with new cybersecurity legislations to thwart North Korea's illegal crypto asset trade. South Korean high-ranking government officials view that cryptocurrency has been facilitating North Korea'...
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International Telecommunication Union focus group issued a technical report on application of distributed ledger technology
Sep 02,2023
ITU Telecommunication Standardization Sector focus group on Application of Distributed Ledger Technology (DLT) issued a technical report on DLT use cases. The report is focused on competitive advantage of the DLT, and identifies domains of possible u...
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Sierra Leone develops blockchain based national digital ID
Sep 02,2023
Sierra Leone's President Julius Maada Bio has announced that his government is developing a blockchain-based digital ID system. Bio explained that the project was already in the first phase where all identity records are being digitised. In the subse...
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