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Article by Steve Kaaru

BIS: CBDCs can slash the cost of cross-border remittances by 50%
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4 October, 2021

BIS: CBDCs can slash the cost of cross-border remittances by 50%

The BIS published the findings on a multi-CBDC project between central banks in Hong Kong, Thailand, China, and the UAE,...
IRS: Digital currencies are top enforcement priority
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4 October, 2021

IRS: Digital currencies are top enforcement priority

An IRS Commissioner has made it clear that companies in the cannabis industry that use digital currencies must pay taxes...
Tehran Stock Exchange CEO steps down after discovery of illegal mining operation in building
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4 October, 2021

Tehran Stock Exchange CEO steps down after discovery of illegal mining operation in building

The executive initially denied links to the mining operation, then claimed it was for research purposes before admitting to his...
After Kraken, CFTC goes after 12 other firms for failure to register as FCMs
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2 October, 2021

After Kraken, CFTC goes after 12 other firms for failure to register as FCMs

The 12 have allegedly been offering users the opportunity to purchase binary options based off the value of commodities like...
South Korea bans exchange staff from trading their own tokens
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1 October, 2021

South Korea bans exchange staff from trading their own tokens

The Financial Services Commission in South Korea has issued a decree that bars staff members of any digital currency exchange...
Indonesia won’t follow China in outright digital currency ban, gov’t official says
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1 October, 2021

Indonesia won’t follow China in outright digital currency ban, gov’t official says

The Minister of Trade has said India has no plans to impose a blanket ban on Bitcoin like China did,...

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