Crypto Currency

The Central African Republic (CAR) has begun to unveil its digital currency-focused initiatives. According to a 24-page presentation for the initiative, Sango will be a ‘crypto’ island where digital currency trading will have legal recognition—the first of its kind in Africa.

The district’s IT team noticed earlier this month that network traffic had spiked unusually, leading to IT workers discovering the devices sold by Bobcat, a company that sells Wi-Fi hotspots designed to plumb for a digital token called HNT, which can be traded for better-known currencies like bitcoin and ethereum.

The budget included three new programs – one that would encourage Florida’s Department of Financial Services to use crypto assets within the state, and two others that would evaluate the feasibility of making car registration and healthcare available through blockchain technology.

The cryptocurrency program is just too new and doesn't align with the local government's fundraising standards, the chief information officer said after weeks of internal discussion and public speculation.

President Biden’s executive order puts forth a competitive and inclusive vision for the future of digital assets.

The summit is being collectively organised by Kerala IT parks and Kerala Startup Mission (KSUM). They will even conduct ‘Blockchain Innovation Challenge’ as a part of the summit to establish promising blockchain startup concepts.

The Government of Zimbabwe has confirmed signing an agreement with Daedalus World Limited, enabling the latter to collect taxes from crypto and other content providers.

Russian central bank proposes a ban on cryptocurrency use. Regulator warns of risks to financial stability. Analysts say the wider impact is negligible for now. Ban on cryptocurrency exchanges also proposed

Iran is reportedly looking to unlock opportunities for importers and exporters to use crypto in international deals.

The Central Bank of Mexico (Banxico) plans to launch a central bank digital currency (CBDC) by 2024, the Mexican government confirmed in a tweet.