Turkish citizens are putting their money into bitcoin and tether to protect themselves from the country’s soaring inflation rate.  The fourth quarter of 2021 saw cryptocurrency trade volumes utilizing the Turkish lira reach an average of $1.8 billion, a significant rise over previous quarters. Turkey’s inflation rate increased by 36% in December 2021, reaching a […]

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According to British lawmakers, a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability. They insist the touted potential advantages of a digital pound are being overstated. Erosion of Privacy British lawmakers have said the use of a central bank digital currency when making regular payments […]

The Kingdom of Tonga may adopt bitcoin as legal tender, according to a former member of Tonga’s parliament, Lord Fusitu’a, who tweeted about a possible timeline for this event to occur. Fusitu’a believes that by next fall a bill will be passed by Tonga’s parliament and bitcoin could be legal tender in the region by […]

Can earnings season soothe investors’ nerves? It’s been a turbulent start to the year in the markets and that’s unlikely to change as we move into earnings season. Fear of high inflation and accelerated monetary tightening is driving much of the volatility that we’re seeing in financial markets over the last couple of weeks and […]

A former lawmaker from the island nation wants to use Bitcoin to secure his country’s financial security.

Lord Fusitu’a, a former member of parliament for Tonga, revealed a timeline for the adoption of Bitcoin as legal tender. 1. Sept/Oct Bill goes to Parliament. Passed.2. Sent to Palace Office for submission to His Majesty for Royal Assent.3.<A month – HM as advised by Privy Council assents to Bill.4. 2-3 Weeks Gazetted by Govt […]

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Much like most central banks globally, the U.S. Federal Reserve has also been under the process of developing a central bank digital currency (CBDC) for quite a while. The country’s pace or urgency with the same might not be anywhere near the likes of China and Nigeria, the digital dollar has already faced one of […]

The United Kingdom’s Economic Affairs Committee has shared its views on the proposed plans by the country to launch a Central Bank Digital Currency (CBDC) or digital Pound. (Read More)

As talks about the release of a digital pound by 2025 are yet to happen, British lawmakers are already doubtful that their use could harm financial stability, raise the cost of credit and erode privacy. (Read More)

According to a senior government official, the Turkish Parliament’s impending crypto laws do not contain a 40% tax on cryptocurrency. Turkey’s cryptocurrency investors can exhale a collective sigh of relief. In the coming weeks, Parliament will receive a legal framework that prioritizes openness, safety, and auditability of crypto exchange platforms.  The framework’s secondary goal is […]

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January 5, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ The Yearn Finance community passed a proposal to tweak its[...]

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The government of Kosovo has decided to suspend crypto mining activities in the country as part of measures to deal with power shortages this winter. The move has been proposed by a special parliamentary committee tasked with bridging the gap between electricity demand and supply. The executive power in Pristina has moved to stop the […]

Read full post Kosovo suspends crypto mining activities amid power shortages this winter. on Chaintimes.com.