Hong Kong Establishes Task Force to Promote Web3 Development
The local government of Hong Kong made a formal announcement on Friday about the formation of a task force. The main objective of the new...
FED Governor Declares Digital Assets Uncertainty Plunges Institutions into Supervisory Void Trap
Michelle Bowman, Fed Governor, claims the absence of clarity concerning digital assets might considerably impact banks navigating significant interest rates. She is a Board of...
MicroStrategy Purchases Additional 12,333 Bitcoins for $347 Million
Under the supervision of its last CEO Michael Saylor, MicroStrategy purchased around 141,000 Bitcoins. However, the business intelligence firm has recently decided to acquire an...
Wyoming has Passed Friendly Regulations to Support Crypto and Blockchain Innovation
Wyoming is the least populated state in America. The state legislators have recently published new regulatory clarity for the cryptocurrency enterprises operating within its jurisdictions....
International Monetary Fund (IMF) Admits Cryptocurrency Bans are Ineffective
Currently, the IMF claims banning cryptos might not be the most effective strategy following claims that nations need to consider it. The IMF is altering...
Ripple Gets In-Principle Regulatory Approval to Conduct Its Operations in Singapore
Ripple Labs has recently introduced its CBDC payments and transactions network. The firm has been touted as the layer to work with the banks for...
Bitcoin ATMs Growth Surges Dramatically for the First Time in 2023
The total number of Bitcoin ATMs around the world has risen for the first time to its highest level since the start of 2023. The...
Russian Bank Rosbank to Test Cross-Border Crypto Payment Settlement System
Rosbank is one of the biggest banking enterprises in Russia. The firm is soon to start cross-border crypto payments. At present, the firm has become...
Cryptocurrency Exchange Gemini Wants to Expand its Operations in UAE after Securing License
Gemini exchange is currently working with the financial regulators in UAE to acquire VASP licensing. Gemini is a cryptocurrency exchange that is currently planning to...
Bali Government Imposes New Restrictions on Crypto Payments
Bali is the western province of Indonesia which is popular around the world as a prime vacation location. The government of Bali has decided to...