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UAE Central Bank Reveals Digital Dirham Symbol, Targets Late 2025 Launch
[Mar 28 8:30 AM] The Central Bank of the UAE (CBUAE) has unveiled the official symbol for the Digital Dirham, set to launch in retail markets by late 2025. Digital Dirham to Enable Tokenization The Central Bank of the UAE (CBUAE) has announced significant progress…
DFSA Promotes Tokenization With New Regulatory Initiative
[Mar 20 7:30 AM] The Dubai Financial Services Authority has launched the tokenization regulatory sandbox to support firms developing tokenized investment products within the Dubai International Financial Centre. Crypto Tokens Excluded The Dubai Financial Services…
Dollar-Strapped Bolivia to Rely on Cryptocurrency for Energy Imports
[Mar 13 7:30 AM] Bolivia has integrated a crypto-powered system to pay for fuel imports through its state-owned company YPFB, as it is facing a shortage of dollars and a reduction in its dollar-denominated foreign reserves. Bolivia Builds Crypto System to Pay for…
Bitcoin Purchases Confined: IMF Approves $1.4 Billion Credit Facility for El Salvador
Indonesia Introduces Bullion Banking to Stabilize Foreign Exchange
Ethereum Co-Founder Vitalik Buterin Praises Argentina: Community ‘Full of Amazing Builders’
Tether Discusses 70-Story Skyscraper Construction in El Salvador: ‘It Is the Country of the Future’
[Feb 2 12:30 PM] Paolo Ardoino, CEO of Tether, the stablecoin company, has discussed the company’s plans after moving to El Salvador. Ardoino disclosed the construction of a 70-story skyscraper that will be occupied by other tech and crypto companies. Tether…
Argentina Designs Forensic Protocols to Fight Crypto Crime
[Feb 2 8:30 AM] Argentina has designed and established identification and forensic protocols to guide security and police forces in standardizing their actions to fight crypto crime. Argentina Establishes Forensic, Identification, and Seizing Protocols for Crypto…
El Salvador Complies With IMF Requirements: Bitcoin Legal Tender Status Withdrawn
Bitso Launches Stablecoin Startup Accelerator ‘The Push’
Argentina and Mexico Among Top Nations for Crypto Adoption
[Jan 26 1:30 PM] Argentina and Mexico are among the nations with the highest levels of crypto adoption in the world, according to the latest report issued by Chainalysis. Sebastian Reyes, Chief Analytics Officer of Vita Wallet, believes this is due to the economic…
New Mining Legislation in El Salvador Paves Way for Gold Exploitation
[Dec 26, 2024 7:45 PM] On Monday, the Legislative Assembly of El Salvador approved a new metallic mining law, opening the door for gold exploitation in the country. The change, previously hinted at by President Nayib Bukele, was met with criticism from environmental…
El Salvador Reinforces Bitcoin Allegiance: Purchases BTC in Defiance of IMF Agreement
[Dec 22, 2024 7:48 PM] The government of El Salvador has clarified that it will continue pushing bitcoin as part of its economic strategy, even as it inked an agreement with the IMF to wind down its bitcoin operations. El Salvador Keeps Purchasing Bitcoin After IMF Deal…
UAE Interior Ministry and FSRA Partner to Combat Virtual Assets-Related Crime
[Dec 21, 2024 9:01 PM] The United Arab Emirates’ Interior Ministry has signed a memorandum of understanding with the Financial Services Regulatory Authority to combat virtual assets-related crime. Strengthening Risk Mitigation Frameworks The United Arab Emirates…
Top UAE Bank Joins the Crypto Revolution With Investment in Zodia Custody
[Dec 14, 2024 8:30 PM] Emirates NBD, a leading United Arab Emirates (UAE) bank, has invested in Zodia Custody, a digital asset custodian, through its Innovation Fund. A Step Forward for Zodia Custody Emirates NBD, one of the United Arab Emirates’ leading banks…
President Bukele Gets the Last Laugh: Over $300 Million in Unrealized Bitcoin Gains
[Dec 8, 2024 8:30 AM] Bukele celebrated the recent bitcoin rally and the $100K milestone, posting a screenshot of El Salvador’s bitcoin investment unrealized gains. Fighting tooth and nail against naysayers, including institutions like the IMF, the leader brought…
Bahrain-Backed Bank Launches Digital Asset Custody Service
[Nov 5, 2024 11:30 AM] Bahrain-backed Singapore Gulf Bank has launched digital asset custody and trading services, positioning Bahrain as a hub for digital finance and connecting Asian and Middle Eastern markets. Bahrain Aims to Connect Asian and MENA Markets…
From Existential to Irrelevance Risk
[Oct 30, 2024 3:35 PM] The crypto industry faces the next big risk on the way to a maturing asset class: irrelevance, says Ilan Solot.
El Dorado CEO: Venezuela Highlights Stablecoins’ Use Case as a ‘Tool for Resilience’
[Oct 24, 2024 10:00 AM] Guillermo Goncalvez, founder and CEO of El Dorado, a Latam-focused P2P exchange, has reflected on the rise of stablecoins from a niche product to a widely used tool in Venezuela. Goncalvez states that, as Venezuelans shift to using the dollar due…
Bitcoin Adoption Reaches Critical Low in El Salvador Despite Government Push
[Oct 17, 2024 11:06 PM] A new survey has found that bitcoin usage has dropped to critical levels in El Salvador, with less than 10% of its citizens using it to make transactions. The numbers are surprising to analysts, given the push that President Nayib Bukele has made…
US lagging behind in global stablecoin adoption — Chainalysis
[Oct 17, 2024 7:00 AM] Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.
BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says Professor
[Oct 17, 2024 3:30 AM] A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries…
Brazillian Central Bank Invites New Participants to CBDC Pilot Program
[Oct 13, 2024 10:10 PM] The Brazilian Central Bank is opening the drex CBDC pilot to new entrants, aiming to test more advanced use cases and privacy solutions for the project’s second phase. Thirteen use cases have been confirmed, including carbon credits…
Chainalysis Latam Report Highlights Major Crypto Growth Milestone in Surprising Nation
[Oct 12, 2024 4:30 AM] A Chainalysis report reveals that Argentina surpassed Brazil in cryptocurrency value received during the period examined, highlighting the high adoption of stablecoins in Latin America. However, Venezuela was the market that grew the most, rising…
Avalanche Powers Littio’s New USD Savings Accounts in Latin America
[Oct 9, 2024 6:30 PM] Littio, a Colombian neobank, has joined forces with Avalanche to offer interest-bearing USD accounts through Opentrade’s blockchain-based platform. The partnership aims to provide financial solutions to Latin Americans facing high inflation and…
Bukele Advises Argentine Vice President on Bitcoin and Volcano Bonds
[Oct 3, 2024 10:30 PM] During his official visit to Argentina, Bukele met with Victoria Villarruel, the nation’s vice president, to discuss cryptocurrency and the Salvadoran experience with Bitcoin. While the meeting was private, a video released before the meeting…
Crypto Trading Volumes Double After Lifting of Ban in Bolivia
[Sep 29, 2024 7:45 PM] According to data from the Central Bank of Bolivia, operations with crypto assets rose in the last three months after the institution lifted a blanket ban on using the banking system for these transactions. Volumes doubled on average, with…
Cryptocurrency Purchases Soar in Brazil: $12.37 Billion Spent YTD
[Sep 28, 2024 9:30 AM] According to data from the Central Bank of Brazil, purchases of cryptocurrency made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $12.37 billion year-to-date, exceeding…