According to Joerg Hansen, CEO of Caiz Development, “within 2018 and 2019. We received the concept of establishing a currency that can be utilized in the Islamic nations with all its constraints. Including no interest, recognizing your counterparties, no secrecy, or speculating.” Joerg Hansen: Caiz Will Comply With Islamic Laws Before deciding how to design … Read more
The German exchange had more than 500,000 users. However, he declared bankruptcy in August due to “difficult market changes and ensuing repercussions of financial markets.” The business said in a previous statement. Nuri Declares Bankruptcy German cryptocurrency bank Nuri plans to shut down in 2022 and has told all its 500,000 customers to take their … Read more
On Tuesday, bitcoin investment company Valkyrie Funds announced it would be liquidating its Balance Sheet Options ETF. It had focused on the bitcoin bull market but had failed to gain traction in its brief existence. Investors To Get Full Refund Each shareholder who owns the funds’ assets at the time of its liquidation would get … Read more
European Union members recently passed a bill on cryptocurrencies dubbed Markets in Crypto Assets (MiCA). This new guideline limits daily transactions of stablecoins not Euro-pegged to €200 million. Executives at Moody Global weighed in on the possibility of stablecoins exploding consequently. Break Down Of The MiCA Law Fabian Astic shared the perks of EU’s MiCA … Read more
The popular payment giant Visa has signed a deal with FTX, a crypto exchange firm. The partnerships aim to enable crypto holders in over 40 Nations to use digital assets. Visa To Launch Crypto Debit Cards In More Nations As part of the deal, Visa will provide cryptocurrency debit cards in over 40 countries. The … Read more
According to a recent announcement, the BON (Bank of Namibia) has added “VASP (virtual assets service providers) and VA (virtual assets) under the country’s Fintech Innovations Regulatory Framework. However, digital currencies are not yet recognized as a legal means of exchange in Namibia. BON Considering Amending Crypto Regulation Last month, the BON said digital currencies … Read more
The United Arab Emirates (UAE) is becoming a haven for digital asset services providers as Ripple’s remittance service launches in the Gulf region. Dubai Regulator Approves an International Payment Platform As per the press release, the Dubai Financial Services Authority (DFSA) has granted a 3S Money operating license. 3S Money is an international payment platform … Read more
The Central Bank of Russia is taking the necessary steps to make the swift shift to digital finance a reality with the latest addition of virtual assets as part of the reformed banking chart of accounts. Russian Banks to Include Digital Assets in Accounting Books With the new drafts of the banking chart of accounts, … Read more
The explosion of investment products in the digital assets ecosystem and on blockchain networks is paving the way for the development of new investment strategies for participants. BlackRock Targets European Customers with New Product Investment giant BlackRock seeks to offer European investors exposure to investment opportunities in the blockchain industry. By establishing an exchange-traded fund … Read more
During a recent event in Paris, the U.S. Federal Reserve chairman, Jerome Powell, discussed central banks’ role in the increasingly tokenized financial system. Jerome Powell Discusses Stablecoins Commenting on stablecoin regulations, the Fed chair, in the company of other prominent personalities, talked about the role of central banks. Speaking in the company of Christine Lagarde, … Read more
