Africa must regulate the digital asset industry, IMF says
IMF says Africa stands at great risk if it fails to rein in its Bitcoin industry—the fastest growing globally—especially for countries making BTC legal tender.
Steve Kaaru
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Articles By Steve Kaaru:
BIS: African central banks pushing for CBDCs, but their motivation differs from other regions
Bank for International Settlements found that payment system efficiency is the key motivator, but unlike other regions, African central banks see CBDCs as a great tool for monetary policy.
New York governor signs bill banning carbon-based fuel proof-of-work mining
Gov. Kathy Hochul signed the moratorium which was approved by the state senate in June after putting it off for months, even as the industry calls the bill anti-tech.
New bill wants South Korean exchanges to compensate users for sudden halt in withdrawals
The Financial Services Commission supports a new bill that will require exchanges to compensate users if they halt withdrawals as they’ve been doing amid the FTX collapse.
African central banks discuss CBDCs for cross-border payment
Thirteen central banks met in Kenya recently to discuss the impact of CBDCs on cross-border payments while still ensuring AML and CFT standards are adhered to.
CoinGeek Backstage with Rad NFTV’s Brooklyn Earick: Blockchain is the future for content distribution
Rad NFTV’s non-fungible television on the blockchain is available to over 500 million devices, and Earick says the most cost-effective blockchain will win.
FTX Japan plans to resume operations by January
FTX Japan halted withdrawals amid the collapse and bankruptcy filing of SBF’s FTX empire, with Japan’s regulator, FSA, ordering it to suspend operations.
Kenya to tax 4 million digital asset owners under new bill
The Capital Markets (Amendment) Bill will be the first law to govern the digital asset industry and will impose taxes akin to the existing 20% excise duty.
IPv6 and blockchain are restoring the end-to-end Internet model: Dr. Satya Gupta on CoinGeek Backstage
Dr. Satya Gupta, who shared the stage with Dr. Craig Wright and Latif Ladid at Enterprise Utility Blockchain Summit in Bangalore, says that India will continue to be the world leader in IPv6 adoption.
CoinGeek Backstage with DICT’s Carlos Albornoz: There’s a huge interest in blockchain in the Philippines
The Department of Information and Communications Technology is exploring how to better integrate blockchain to create jobs at a time when P2E gaming has blown up in the Philippines.
Russia seeks to legalize block reward mining with new bill
The bill, expected to sail through State Duma, makes it legal to sell mined digital assets on foreign platforms as well as locally starting January 2023.
Scammers turn to KYC actors for hire to target Web3 investors: CertiK
CertiK unearthed a fast-rising underground market with over 500,000 members where Know Your Customer verification is sold for as low as $8, concentrated in Southeast Asia.