The Norwegian Central Bank recently published an open source code for the ethereum network sandbox, and the implementation of a local digital currency.
The sandbox available on GitHub will enable features such as minting, burning, and transferring ERC-20 tokens, as stated by Norges Bank's official…
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Binance was fined for illegal operations in the Netherlands
Binance recently faced a sanction in the Netherlands for having offered local cryptocurrency services despite not having obtained authorization to carry out operations.
The Dutch Central Bank (DNB) fined the company $ 3.3 million in April…
Central Bank of Morocco works on cryptocurrency framework law
Abdellatif Jouahri, governor of the central bank of Morocco, stated that a committee is working to establish an appropriate framework law to regulate cryptocurrencies that allows combining innovation, technology and consumer protection.…
Biden will respect the autonomy of the Federal Reserve
Joe Biden, president of the United States, met Jerome Powell, president of the central bank, to discuss issues related to the economy and has promised to respect the autonomy and independence of the Federal Reserve in managing and…
The Bank of Mexico increases the interest rate to 7%
The majority of the members of the Bank of Mexico decided to increase the reference interest rate by 50 basis points to reach 7%. Four of the five leaders of the financial entity voted for the eighth consecutive increase in the face of…
China law recognizes crypto as protected property
The legal aspects related to the cryptocurrency market in China are bound to take a significant turn as a result of the ruling made by a higher court in that country that admits that Bitcoin is a property protected by law.
The decree is…
Spain mobilized 60,000 million euros in cryptocurrencies
A report from the Bank of Spain highlights that approximately 60,000 million euros was the volume of transactions executed with cryptocurrencies during 2021 in Spain, which is equivalent to about 1,275 euros per inhabitant and represents 10…
Russia introduced draft law on digital currencies
The Russian Ministry of Finance has sent a draft law for the regulation of digital currencies to the national government that aims to establish the legal bases for the cryptocurrency market and the rules for its circulation in the country.…
Central Bank of Ecuador works on regulations for cryptocurrencies
The manager of the Central Bank of Ecuador, Guillermo Avellán, reported that the institution is working on a draft to apply cryptocurrency regulations in the country.
Avellán also spoke about the advances in digital assets in comparison…
Banks of the world increase their gold reserves
The central banks of the world are increasing their gold reserves, and at the same time lowering the amount of dollars in recent decades.
Recent data from the World Gold Council reveals that gold reserves in 2021 reached their highest…
IMF raises principles to regulate cryptocurrencies
The International Monetary Fund (IMF) considers it essential to create a regulatory framework for cryptocurrencies. That is why he published on his official blog some considerations that can serve as a reference to establish laws and…
Costa Rica proposes 13 % tax on cryptocurrencies
Costa Rica proposes a 13 % tax on cryptocurrencies. The Costa Rican General Directorate of Taxation proposes to collect the tax on cryptocurrencies equivalent to a 13 % value added tax (VAT) for the purchase of crypto assets.
Additionally,…