In a sign of openness to digital currencies, DZ Bank, Germany's second-largest bank, announced that it will test cryptocurrency trading for corporate banks this year.
DZ Bank has a portfolio of 700 corporate lenders. It recently announced its late-2024 cryptocurrency pilot plan, which aims to “give…
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France granted Coinbase license to operate
The French Financial Markets Authority (AMF) granted Coinbase, the cryptocurrency exchange, the license as a Virtual Asset Service Provider (VASP), marking a significant step for its expansion into another major European market.
This…
In 2023 the use of bitcoin in shops grew by 174%
The number of retail outlets that accept bitcoin (BTC) payments experienced a remarkable growth worldwide during the year 2023, according to data provided by BTC Map, a leading provider of business maps that accept the cryptocurrency.…
Withdrawals in cryptocurrencies amount to about $500 million
Over the past few months, the flight of investment capital from crypto funds has been a growing concern in the sector. Indeed, in the last nine weeks, it is estimated that around $500 million has been withdrawn.
According to data provided…
US agriculture committee passes cryptocurrency bill
The US House Committee on Agriculture met to discuss the Financial Innovation and Technology for the 21st Century Act.
The bill, drafted collaboratively by Republican members of the Farm Committee and the Financial Services Commission,…
Kuwait bans virtually all cryptocurrency trading
Kuwait's Capital Markets Authority (CMA) has announced a drastic move by issuing a circular establishing an outright ban on almost all cryptocurrency-related operations, including the use of Bitcoin and other virtual currencies in payments,…
Ethereum will surpass Bitcoin in the long term
The "Q2 2023 Signals Report" by Fidelity Digital Assets, which was published on July 18, presents an optimistic outlook for Ethereum both in the coming year and in the long term. Although the investment firm shows short-term bullish…
Ron de Santis would ban CBDCs if he becomes president
Ron DeSantis, candidate for the presidency of the United States, reiterated his criticism of digital currencies issued by central banks (CBDCs), specifically opposing the possibility of implementing a digital dollar in the country.
During…
Colombia prepares to regulate cryptocurrencies
Colombia is getting ready to present again, on July 20, a bill with the purpose of establishing a regulatory framework for cryptocurrencies in the country.
Despite the fact that the project did not achieve approval in Congress after three…
IMF urges crypto regulation but warns against outright ban
The International Monetary Fund (IMF) reiterated its call for the regulation of cryptocurrencies in certain countries, but stressed that an outright ban may not be the best strategy.
In a June 22 report on Latin America and the Caribbean,…
Tether will start mining cryptocurrencies in Uruguay
In a May 30 announcement, Tether claimed it intends to establish a mining division in the South American nation "in collaboration with a licensed local company," while also investing in Uruguay's energy production. The stablecoin issuer…
Binance under investigation in Brazil for alleged financial crimes
Binance, the world's largest cryptocurrency exchange, is being investigated for alleged financial crimes related to its derivatives business by federal authorities in Brazil, local newspaper Valor Económico reports.
The Federal Public…