With the increasing adoption and acceptance of crypto assets, more crypto-related firms and service providers are rising. Also, they are taking their expansion visions in the sector very seriously. However, crypto industry regulations have placed limitations on some firms’ goals. Most top-tier regulators require the fulfilment of some rules for the operation of crypto service…
Does the world need Euro Coin? There are already stablecoins pegged to the Euro in the market. The difference here, however, is Circle. As the issuer of the well-regarded USDC, they have the reputation, the know-how, and the clientele to make this happen. Even with all of those advantages, it’s the market that will decide…
Mykhailo Fedorov was just 28-years-old when he was appointed head of Ukraine’s newly-established Ministry of Digital Transformation in 2019 and tasked with leading the country’s paperless revolution.Little did he know that less than three years down the line, Russia’s invasion of Ukraine would throw the country into disarray, put the banking system at risk, and…
Kosovo has banned the mining of cryptocurrency in a bid to reduce electricity consumption amid a severe energy crisis.The decision, which was announced this week, comes a month after the country’s government announced a 60-day state of emergency, allowing it to spend more on energy imports and to introduce power cuts.Power outages plunged the Balkan…
Slovenia, though small, is one of the fastest-growing nations in Europe, especially in the business and economic contexts. After its successful economic succession from Yugoslavia, it was the first to join the European Union in 2004 and is the wealthiest Slavic nation, as measured by per capita GDP. Crypto adoption in Slovenia has rapidly grown…
Cryptocurrency businesses have continued to receive pressure globally from different regulatory bodies. For example, the Spanish National Securities Market Commission (CNMV) recently released a warning to many financial markets and crypto-related businesses. The warning is on unregistered services which they offer. From the official document from CNMV, about 11 entities received the warning from the…
The outgoing president of the European Central Bank (ECB) believes that so far crypto assets have had few implications for existing monetary policy. However, Mario Draghi believes that this could change in the future. He states in a letter to a pro-crypto MEP that efforts like Facebook’s Libra could see sufficient adoption to make them…
France has said it will block the development of Facebook’s Libra cryptocurrency as it poses a threat to “monetary sovereignty”. At the opening of an OECD conference on cryptocurrencies, French economy and finance minister Bruno Le Maire said: “I want to be absolutely clear: In these conditions, we cannot authorise the development of Libra on…
On January 16, the world’s largest crypto exchange by daily volume Binance launched a crypto-to-fiat trading platform in Jersey, enabling British pound and euro trading pairs with Bitcoin. Within less than 24 hours following the launch, Binance CEO Changpeng Zhao (CZ) has said that the exchange is already overwhelmed with registrations. CZ said: “Binance.je is…
The Mayor of Seoul has unveiled plans that will further promote blockchain industries. His plans include a 100 billion won fund, as well as a large blockchain complex that will house over 200 companies. Expanding the Blockchain Industry Park Won-soon, Seoul’s acting Mayor rolled out the plans that aim to increase blockchain exposure and development.…