The Bahamas launches world’s first CBDC, the ‘Sand Dollar’
The Central Bank of the Bahamas has announced the country’s “Sand Dollar” — a state-backed virtual currency — is now available nationwide. According to an Oct. 20 Facebook post from …
French Finance Minister throws shade at crypto, praises blockchain
French Finance Minister Bruno Le Maire, who once said Facebook’s Libra token would risk the “monetary sovereignty of states,” is continuing his criticism of cryptocurrencies. In an Oct. 19 tweet, …
Exploring the landscape of crypto regulations in sub-Saharan Africa
Sub-Saharan Africa has no doubt suffered many regulatory setbacks in adopting cryptocurrencies. With most countries in the region struggling not to buckle under economic uncertainties and pressures looming over them …
Korean blockchain lobby calls for crypto tax plan to be put on ice
The Korea Blockchain Association has called for the government’s new 20% crypto trading tax plan to be delayed for another two years. According to an Oct. 14 report from News1 …
Crypto Capital’s NFL defendant open to guilty plea, but not for $371M
The legal team for Reginald Fowler said the former minority owner of the Minnesota Vikings is open to a guilty plea regarding his involvement in Crypto Capital’s alleged shadow banking …
Central banks should be ready with CBDCs, says Bank of Canada exec
According to an Oct. 15 report from The Canadian Press, the Bank of Canada, or BoC, deputy governor Timothy Lane said central banks should have their own digital currency ready …
BitMEX charges send ‘a message’ to global exchanges: Crypto Mom
United States Securities and Exchange Commissioner Hester Peirce — better known as “Crypto Mom” — believes the recent action against BitMEX may be a wake up call for crypto firms. …
NYC court has no right to hear ‘international’ case argues Bancor firm
The legal team for a crypto firm facing possible securities law violations is asking for the case to be dismissed on geographical grounds. According to court records filed Oct. 13 …
Blockchain firm Monerium thinks Europe ‘already has’ a digital euro
Consensys-backed e-money issuer Monerium thinks the route to a digital euro is simpler than the European Central Bank suggests. The fintech, which focuses on bridging fiat money with blockchains by …
UK FCA crypto derivatives ban ignored 97% of consultation respondents
Last week’s blanket banning of cryptocurrency derivatives by the United Kingdom’s Financial Conduct Authority ignored 97% of respondents to its consultation, according to the FCA’s own policy statement. The 527 …