Indian Banking Giant ICICI Restricts Customers from Using Remittance for Crypto Investments
Since the inception of Bitcoin (BTC), India’s attitude on cryptocurrency adoption has been a grey area. In what appears to be yet another setback for the Indian crypto community, one…
Read More »CBDC: Chinese Residents Can Now Convert DCEP to Cash at ATM Points
The Industrial and Commercial Bank of China (ICBC), has now made it possible for Chinese residents to easily exchange their DCEP, the nation’s digital renminbi for fiat yuan and vice…
Read More »China is Planning to Issue a Central Bank Digital Currency to Strengthen Surveillance Over its Citizens
China is accelerating its pursuit of a digital yuan that is anticipated to be finally rolled out before the end of 2021. One of the reasons to issue its own…
Read More »Banks Are Getting Increasingly Tough on Bitcoin and Other Cryptocurrencies Amidst Mainstream Adoption
About 86% of the central banks including Bank of America and the ECB, are busy delving into the development of CBDCs to defend their territories from the evasion of Bitcoin…
Read More »Ethereum hits $3,000 for the first time, now larger than Bank of America
Further growth may be on the horizon for the world’s largest smart contract platform.
Read More »MUFG, Akamai Launch Scalable Blockchain Payment Network GO-NET
The high-speed blockchain-based payment network recently launched its first service to connect payment service providers. GO-NET Payment Network is Now Live According to a report by Ledger Insights published on…
Read More »Time and Money: 1 Reason Why Peaceful Co-Existence of CBDC and Cash Is Healthy for Finance
As digital payment tools become increasingly widespread, traditional finance is also seeking to create a worthy alternative to the existing means. That is why numerous countries are exploring the potential…
Read More »Nigeria’s Clarification on the Crypto Ban Pushes the Price of Cryptocurrencies Higher
As the interest in cryptocurrency is seemingly increasing in Africa more than in some of the globe’s developed economies, the Central Bank of Nigeria (CBN) has come out to embrace…
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