Thailand has announced that cryptocurrency will be regulated as a means of payment for goods and services “to avert potential impacts on the country’s financial stability and economic system.” The announcement was issued by the Bank of Thailand, the Thai Securities and Exchange Commission, and the Ministry of Finance. Cryptocurrency Will Be a Means of […]
On Monday, January 24, the Central bank of Russia was forced to halt purchases of foreign currency in an attempt to stop a tremendous plunge in the stock market and the value of the ruble.
The financial authorities of Thailand have all teamed up in a bid to come up with regulations that will limit the use of digital assets as a means of payment in the region. Additionally, the regulators will also be issuing new guidelines for certain digital assets that pose no threats to the financial system. According
Asian Development Bank (ADB) is going to initiate a blockchain-powered project to connect securities depositories and central banks in the APAC region. (Read More)
The International Monetary Fund (IMF) is concerned about the risks of El Salvador's issuance of bitcoin-backed bonds, urging El Salvador to terminate bitcoin as legal tender as soon as possible. (Read More)
The Biden Administration plans to release a government-wide strategy on digital assets as soon as next month, according to a report from Bloomberg. Citing sources familiar with the matter, Bloomberg says that federal agencies have been tasked with weighing out the risks and benefits of digital assets in a series of meetings which will be […]
Key Takeaways
El Salvador's Bitcoin investment has been hit hard due to the recent market crash.
The country's Bitcoin reserves have suffered a 31% paper...