The central bank of Somalia recently ordered commercial banks in the country to close accounts related to forex brokers. It has also asked banks to provide details of these accounts as well as the amounts they hold. No explanation by the regulator The Somali central bank didn’t…
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The Central Bank of The Bahamas will begin piloting its digital currency tied to the Bahamian Dollar, nicknamed Project Sand Dollar, in Exuma on December 27, 2019, according to an official press release. The pilot program will extend into the first half of 2020 to Abaco, according…
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The list of central banks developing sovereign digital currencies or Central Bank Digital Currencies (CBDC), as they are more commonly known, continues to grow. According to research from The Block, of the 60+ central banks analyzed, 18 have publicly acknowledged the development and or launch of their…
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It’s been an interesting year. We’ve been collectively holding our breath, waiting for the regulatory hammer to fall, and still waiting for that first killer app. We’ve been frustrated on both counts. Encouragingly, the industry has begun to acknowledge what really matters here, and the stakes of…
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[Press Release Gibraltar, December 22th 2019] Following the app release, an in-principle DLT approval by the Gibraltar Financial Services Commission and an acceptance onto the STP network, tap’s token (XTP) is to become available on the Bittrex Global platform  Tap is a one-stop-shop crypto app that includes…
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TL;DR: Letters from Venezuela is an exclusive CoinSpice series, an inside look from a reporter on the ground, documenting the South American nation’s last stand among sanctions, political unrest, international condemnation and concern, economic collapse, and the specter of cryptocurrency possibly demonstrating its main use case. In this…
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In spite of news that the economy appears stable, the Federal Reserve Bank of New York (Fed) had continued injecting liquidity into the market. The most recent action involved an almost $58 billion repurchase (repo) agreement. The agreement took on two parts—one for $26 billion with an…
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Blockchain startup Ripple says it is now worth about $10 billion after a fresh injection of funding worth $200 million. The San Francisco-based startup that owns the majority of the XRP crypto says the new funding part of efforts to […] The post Ripple Bags $200 Million…
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“Cryptocurrency” is the reigning moniker for blockchain-based digital assets the world round, not just in America. But if new legislation put forth in the U.S. passes, users in America’s nook of the cryptoeconomy can expect to officially deal with three […] The post To Clarify Crypto: New…
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For years now, it has been known that China has been working on a digital currency project. The thing is, the Chinese government has largely kept its lips sealed on the matter, divulging few details about the planned national digital […] The post China’s Crypto Chief Reveals…
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