Reserve Bank of India To Begin CBDC Pilot Test

The Reserve Bank of India (RBI) has announced that it will start the pilot test phase for its central bank digital currency (CBDC) and will involve four banks. RBI to Commence CBDC Drive with Four Banks Also known as the central bank of India, the RBI will begin its CBDC trial by using four public-private … Read more

New U.K. Prime Minister May Support Crypto

Liz Truss, the newly elected Prime Minister of the United Kingdom, is reportedly pro-crypto following news of her previous support for digital assets. Lizz Truss’s Previous Crypto Support According to reports making the round, the new occupant of 10 Downing Street is a known fan of cryptocurrency. Having defeated her closest rival, Rishi Sunak, Truss … Read more

Indonesia Plans A Crypto Stock Exchange By The End Of 2022

Indonesia is preparing something exciting for its crypto space as reports indicate it plans to establish a crypto stock exchange. Indonesia Hints at a Possible Crypto Stock Market Launch Crypto enthusiasts in Indonesia are pumped up for the latest development in the country’s digital asset ecosystem. According to media reports, the Island nation is preparing … Read more

Kraken Exchange Faces Investigation for Sanction Violation

Kraken encountered a similar suit in 2019. A former worker accused the firm of generating cash from accounts of sanctioned nations. The United States Treasury investigated whether the Kraken exchange allowed Iranian to trade digital tokens. The trading platform has been under the radar since 2019, and reports suggest it might encounter penalties, paying fine. … Read more

What The Recent Regulatory Nod Means for CoinShares

CoinShares, a digital asset investment firm, revealed (on Tuesday) completing a crypto business acquisition, adhering to EU regulation. Such a move will likely open the gates for the company to magnify its regional services and goods sakes. One of the initial digital asset managers, Napoleon Asset Management, which operates under the EU’s AIFM (Alternative Investment … Read more

Crypto Firms Move To Switzerland To Escape Strict Regulations 

A division is stemming up between crypto-friendly states and those against crypto development. Several regions have introduced heavy taxation on crypto firms, while others banned crypto usage. Regions that have introduced strict rules for crypto include Iran, China, and India. However, crypto-friendly nations exist, such as El Salvador, UAE, Singapore, and Switzerland. Meanwhile, countries like … Read more

Russia plans to settle international payments using cryptocurrency

Russian Leaders Consulting On The Use Of Digital Currency Russian leaders are pondering the possibility of using cryptocurrency for international payments. This idea was brought up due to the limitations placed on the country’s traditional means of payment. The country’s director of the Financial Policy Department Ivan Chebeskov speaking at a forum declared that the … Read more

Binance Inks MOU With Kazakhstan For Crypto Regulation

Binance has decided to work with Kazakhstan’s government to foster crypto regulation. The exchange will provide advisory assistance to the government on crypto and blockchain development.  On Thursday, the crypto firm announced the MOU signing with the Ministry of Digital Development, Innovations, and Aerospace Industry. Both parties are willing to work together to foster crypto … Read more

BTC Mining Can Reduce the World’s Carbon Emission by 5.32%: ESG Report

The environmental effect of BTC mining has become a hot topic in recent months. The climate campaigners keep claiming that PoW mining is too energy-intensive. But, according to Daniel Batten, BTC mining could reduce global carbon emissions by 5.32%. If BTC mining firms target methane emissions, they could prevent 0.15% global warming by 2045. BTC … Read more

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