Thailand Bans Meme Coins and NFTs
The Thailand Securities and Exchange Commission (SEC) has banned crypto exchanges from offering services related to trading meme coins, fan-based tokens and non-fungible tokens. The move comes amidst a heavy crackdown on cryptocurrencies and digital assets around the world. The new
China Blocking Search Engine Results For Crypto
https://twitter.com/btcinchina/status/1402558454225465344 China’s FUD about cracking down on cryptocurrencies does not seem to be slowing down. After suspending Weibo crypto accounts recently, the country has gone a notch higher to block search engines from showing the results of major crypto exchanges. Various sources
El Salvador Considers Paying Workers in Bitcoin
https://twitter.com/1077Fuego/status/1404821535660167168 After passing a bill that will make Bitcoin a legal tender, the El Salvadorian government has gone a step further by considering paying salaries in Bitcoin. Last week, the crypto community got exciting news about El Salvador’s position on Bitcoin in
El Salvador Remittance Firms Hesitant To Adopt Bitcoin
El Salvador has made headlines in the past two weeks after its legislature passed a bill approving Bitcoin as legal tender. This means that Bitcoin would be used as legal tender in the Central American country alongside the U.S. dollar. Among
FCA Extends Deadline For Crypto Exchanges
The Financial Conduct Authority (FCA) has yet again extended the Temporary Registrations Regime (TRR) deadline for crypto firms. The end date has been pushed from July 9, 2021, to March 21, 2022. The TRR was established in December 2020 and focused
Starling Bank Suspends Crypto Exchange Deposits
Recently, United Kingdom-based Starling Bank suspended crypto exchange deposits, blaming it on the increased level of financial crimes with crypto payments. However, the bank, in its latest announcement, stated that it plans to resume such service by late June. The bank’s spokesperson
Musk Says Dogecoin Festival “Sounds Kinda Fun”
Chief Executive Officer of Tesla Inc. Elon Musk is still in the news, with his recent tweet suggesting a DogeCoin festival could happen in the future. Some cryptocurrency devotees suggested about Dogecoin festival on Twitter. A Dogecoin enthusiast posted an edited
El Salvador First Country To Accept Bitcoin As Legal Tender
The last several days have been a whirlwind in El Salvador for Bitcoin. It started with the announcement from the President of El Salvador, Nayib Bukele at the Bitcoin 2021 conference in Miami. During the conference he made a monumental
Indonesia Closer To Launching CBDC
The Central Bank of Indonesia is edging closer towards launching a digital fiat. This move comes amidst efforts by the country to minimize cash transactions. The Bank of Indonesia will be joining the other global central banks that have made an
U.S. Discussing New Crypto Regulations
Governments worldwide have been looking into ways of regulating the crypto market. The U.S. has been lagging behind other countries when it comes to cryptocurrency regulations. Some of the other countries who have been talking heavily about regulations include Turkey,