Rwanda Takes a Step Forward in Regulating Virtual Assets Rwanda is making significant strides in the regulation of virtual assets with the introduction of a new draft law aimed at governing the use of cryptocurrencies within the country. The draft law, which has been proposed by Rwandan authorities, includes strict measures to control the use […]
El Salvador faces new IMF restrictions on Bitcoin transactions
El Salvador Grapples with IMF Restrictions on Bitcoin Transactions El Salvador made waves in the financial world when it became the first country to adopt Bitcoin as legal tender. However, this bold move has not been without its challenges. Recently, the International Monetary Fund (IMF) has placed restrictions on El Salvador regarding its use of […]
Senate votes to overturn IRS rule on DeFi brokers
Senate Votes to Overturn IRS Rule on DeFi Brokers In a pivotal move that could shape the future of decentralized finance (DeFi) in the United States, the Senate has voted to overturn the IRS rule targeting DeFi brokers. This decision marks a significant milestone in efforts to protect and foster innovation within the rapidly expanding […]
Study warns of AI’s role in fueling bank runs
Study Warns of AI’s Role in Fueling Bank Runs Artificial Intelligence (AI) has undoubtedly revolutionized various industries, from healthcare to finance. However, a recent study has shed light on a concerning aspect of AI’s capabilities – its potential role in fueling bank runs. The study warns that the dissemination of fake news generated by AI […]
SEC weighs approval for Bitcoin ETFs in Thailand
SEC Considers Approval for Bitcoin ETFs in Thailand: A Step Towards Mainstream Acceptance The Securities and Exchange Commission (SEC) in Thailand is currently at a pivotal point in its decision-making process regarding the approval of Bitcoin exchange-traded funds (ETFs). This potential move could mark a significant milestone in the mainstream acceptance and integration of cryptocurrencies […]
Reserve Bank of India Cautions on CBDC Implementation Risks
The Reserve Bank of India (RBI) is taking a cautious approach towards its central bank digital currency (CBDC), the e-rupee, highlighting the need for a thorough understanding of the potential long-term effects before wider adoption. Launched in December 2022, the e-rupee’s adoption has been modest, with only 1 million retail transactions recorded by mid-2024. This […]
Tether CEO Denies Signs of US Investigation
In a recent statement, Paolo Ardoino, the CEO of Tether, firmly denied any indications that the company is under investigation by U.S. authorities. His remarks came shortly after a Wall Street Journal article suggested that federal investigators are scrutinizing Tether for potential violations related to sanctions and money laundering. According to the report, the U.S. […]