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Article by Steve Kaaru

Cyprus gov’t to regulate the ‘risky’ digital currency space
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17 December, 2021

Cyprus gov’t to regulate the ‘risky’ digital currency space

The Finance Ministry in Cyprus noted there are several risks with digital currency trading, but commended local law enforcement authorities...
Bank of England warns digital currency growth could pose financial stability risks
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17 December, 2021

Bank of England warns digital currency growth could pose financial stability risks

In a recent report, the bank said that digital currencies make up a small percentage of assets in the U.K.,...
AscendEx exchange loses $77M in hack, promises full compensation
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16 December, 2021

AscendEx exchange loses $77M in hack, promises full compensation

Formerly known as BitMax, AscendEx lost several coins, including Ether and Polygon, with Bitfinex and Binance being the biggest destinations...
Kazakhstan completes CBDC prototype, but has yet to decide if there’s need for digital tenge
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16 December, 2021

Kazakhstan completes CBDC prototype, but has yet to decide if there’s need for digital tenge

The Kazakh central bank worked with local banks and international partners on the prototype, but it will decide on the...
South Africa to introduce digital currency regulations in early 2022
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15 December, 2021

South Africa to introduce digital currency regulations in early 2022

The country’s top financial regulator believes that while they don’t pose systemic risk, digital currencies are still a risky sector...
Global digital currency regulation should be ‘comprehensive, consistent and coordinated’: IMF
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15 December, 2021

Global digital currency regulation should be ‘comprehensive, consistent and coordinated’: IMF

Three officials from the IMF believe that the cross-border and cross-sector nature of digital currencies renders the varying national regulatory...

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