Founders of alleged scam Africrypt deny involvement in $3.8B ‘hack’
Africrypt targeted high-net worth individuals and celebrities, promising them ludicrous returns, according to reports in South Africa.
Africrypt targeted high-net worth individuals and celebrities, promising them ludicrous returns, according to reports in South Africa.
Authorities in South Korea have seized KRW53 billion ($47 million) from digital currency holders who have been accused of evading taxes.
The United Nations is looking at initiatives that employ blockchain to ensure transparency in environmental protection, develop clean energy markets and boost climate financing.
Nigeria is exploring blockchain, artificial intelligence and other emerging technologies in its bid to promote an innovation-driven culture.
The West African country has been cracking down on digital currencies for months, but according to one report, it has been working on the digital naira all this while.
Police in the capital Tehran have seized the 7,000 block reward mining machines from an “an abandoned factory in the west of the capital,” according to reports.
The blockchain industry continues to rank as one of the best to work in, with new opportunities cropping up every day. And now, getting your next job in blockchain is as easy as visiting Bitcoin Association’s jobs board.
The U.K. financial watchdog has issued a warning against more than 100 digital currency companies that it says have been operating in the country without the required licensing.
In its warning, the watchdog claimed that digital currencies pose a high risk of loss, have attracted significant criminal activity and the market is largely unregulated.
Absa Bank has reportedly barred its clients from purchasing digital currencies on Binance, telling its clients that the exchange was non-compliant.
The Indian government charges a 2% tax, known as the equalization levy, to online entities servicing Indians but which are based elsewhere—and this could be extended to digital currency trading.
The trial involved using the CBDC to simulate the settlement of listed securities in a test environment. Banque de France partnered with Swiss bank SEBA as well as two Luxembourg institutions.