The UAE is gradually becoming a prominent Bitcoin mining centre in the Middle East
The United Arab Emirates is gradually becoming a well-known Bitcoin mining centre in the Middle East. The country has become an attractive destination for cryptocurrency business, with over 30 free economic zones and increasing participation in Bitcoin mining activities. It all started when ...
Bitcoin bribes are on the rise in Taiwan
Taiwan's Ministry of Justice has reported an increase in the use of Bitcoin for bribes. Cash is no longer the only form of payment in corruption cases; Bitcoin, Ethereum and other digital currencies are gaining popularity among corrupt individuals. Authorities have expressed concern that these ...
Circle explores the possibility of issuing stablecoins in Japan
Jeremy Ellair, CEO of Circle, mentioned Japanese laws recognising stablecoins as digital money. He added that the company is considering issuing stablecoins in Japan. The chief executive called the law an important step by the government and financial regulators in Japan, which was one of the first ...
Twitter Payments LLC received a licence to introduce payments in three US states
Twitter Payments LLC (the social network is blocked in Russia), a subsidiary of Twitter social network Elon Musk, has been licensed to introduce payments in three US states. Regulators in Michigan, New Hampshire and Missouri have given the green light to an app that brings Twitter closer to ...
Kenya's president signs into law a 3% tax on digital assets
Kenya's president approved a monetary law on June 26 that would raise taxes and impose a 3% tax on digital assets. The ruling party said the strategy should boost state coffers by reducing dependence on costly foreign loans from China, the International Monetary Fund (IMF) and the World Bank. ...
The Danish FSA ordered Saxo Bank to stop working with digital assets by the end of 2024
By the end of 2024, the Danish Financial Supervisory Authority (FSA) has ordered Saxo Bank to stop working with digital assets. The regulator explained that its own cryptocurrency transactions are not on the list of activities permitted for financial service providers. Saxo Bank created a ...
Bitlocus and Striga announced the joint introduction of a debit card supporting digital payments
DeFi investment platform Bitlocus and cryptocurrency banking company Striga have announced the joint introduction of a debit card that can be used to make digital payments. Cryptocurrency cards will make it possible to pay for goods at more than 70 million retail outlets worldwide. These cards can ...
Police Service of Canada warned the public about cryptocurrency scammers
The Calgary (Canada) Police Service has warned the public about cryptocurrency scammers posing as law enforcement officers and demanding payment in bitcoins. Cases have been reported in which the perpetrator posed as a family member of the victim who was allegedly detained and then demanded ...