China’s central bank, the People’s Bank of China, has published a digital yuan service guide for foreign visitors to help them make contactless payments with e-CNY. As per a local news report, “Explore the Splendors of China with e-CNY Service Guide for Visitors in China” published by the central bank, international tourists can now pay in...
Charles Hoskinson, CEO of Cardano, took to X to address rumors of Hydra’s abandonment as “just pure FUD” (fear, uncertainty, and doubt) surrounding Cardano’s latest project. I\'m seeing some videos claiming that Hydra has been abandoned. It is just pure FUD. The team has never been more productive and motivated, there is great community engagement...
According to a local news outlet, the International Monetary Fund (IMF) has stipulated that Pakistan’s Federal Board of Revenue (FBR) must levy a capital gains tax (CGT) on crypto investments and real estate as part of the conditions for receiving a $3 billion bailout package. Additionally, the IMF has advised Pakistan to reevaluate the taxation...
David Brend and Gustavo Rogriguez, promoters of the fraudulent crypto mining and trading facility IcomTech, were found guilty of conspiracy to commit wire fraud by a New York jury on Friday, according to a press release from the United States Attorney’s Office for the Southern District of New York. IcomTech Offered False Promises To Investors...
The Russian government is planning to build a platform that will allow the nation’s law enforcement agencies to seize and hold crypto they confiscate from criminals. Per the newspaper Izvestia, the platform is the brainchild of the Russian Minister of Internal Affairs Vladimir Kolokoltsev. Russian Government Seeks Way to ‘Store’ Confiscated Crypto The newspaper wrote...
Blockchain-enabled Web3 fashion startup mmERCH announced its $6.4 million seed funding round at a $25.7 million post-money valuation led by Liberty City Ventures Thursday, a major step forward for the Colby Mugrabi-led fashion house. mmERCH Attracts an Assortment of High-Profile Investors According to a Thursday press release from mmERCH, funding from the round “will be...
Hong Kong’s Securities and Futures Commission (SFC) cautioned crypto traders about using cryptocurrency exchange Bybit on March 14, defining 11 Bybit products as suspicious investments while listing the exchange among unlicensed operators. Hong Kong SFC’s Warning on Bybit Bybit has come under the scrutiny of Hong Kong’s SFC in what seems to be the latest...
Russian lawmakers have criticized Moscow over its “failure” to regulate the crypto sector, claiming that inaction harms the nation’s economy. Per the media outlets Finam and Pravda, lawmakers spoke about the matter on March 13. One MP blasted Moscow for failing to recognize tokens as a valid payment tool. And another called for a system...
Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), announced today the launch of the second phase of its e-HKD pilot program. They also invite industry participants to propose potential use cases for the central bank digital currency (CBDC). This initiative aims to delve deeper into the potential of a central bank digital currency...
A recent survey conducted by leading crypto venture capital firm Paradigm reveals that Donald Trump’s poll numbers for the 2024 US Presidential Election enjoy significant support from the crypto community. The survey, which included 1,000 registered voters, found that 48% of crypto owners plan to vote for the former president, while 39% intend to vote for...