Various countries have already begun testing their own central bank-backed cryptocurrency. Recent reports now suggest that Canada might also be moving ahead with its central bank digital currency (CBDC) project. There...

Stablecoins such as Tether (USDT) rose in popularity lately as cryptocurrency investors began looking for less volatile alternatives to Bitcoin (BTC). The Financial Stability Board (FSB) warns of the potential risks...

South Korea announced in July that it will impose a cryptocurrency tax on trading profits by 2021. However, the Korea Blockchain Association (KBA) is now urging the government to postpone its implementation until...

Feminist Coalition, a protest group in Nigeria, is now asking supporters to donate in Bitcoin (BTC) instead of cash. The groups decision to switch to cryptocurrency came after Nigerian authorities reportedly blocked their...

Facebook appears to be facing a big hurdle to its Libra cryptocurrency project. Finance ministers and central bankers from seven of the worlds largest economies issued a draft stating that the will oppose the launch of...

The Financial Conduct Authority (FCA) recently announced a ban on cryptocurrency derivatives for retail investors. However, the move was met with criticism as it could drive crypto trading activity out of the U.K. and...

Cryptocurrency derivative products will no longer be offered to UK retail investors starting next year. After a year-long deliberation, the countrys financial regulator decided that crypto derivatives such as...

The Securities and Exchange Commission (SEC) has filed charges against businessman and programmer John McAfee for cryptocurrency promotion. The anti-virus creator was recently arrested in Spain for tax evasion and is...

Abkhazia is changing its stance on cryptocurrency mining. The self-governing territory in the South Caucasus region has lifted its two-year ban on crypto mining opting instead to regulate the industry. Abkhazia, a de...

The Inland Revenue Department recently requested all cryptocurrency firms in the country to hand over the personal data of their customers. However, the move by New Zealands tax agency was met with criticisms from some...

Russia is getting serious in its regulation of the countrys cryptocurrency industry. The Ministry of Finance recently drafted a bill that will impose harsher penalties on those who fail to report their crypto holdings...

The goal of having a uniform set of cryptocurrency regulations across Europe is finally getting closer to becoming a reality. The European Commission recently unveiled the proposed rules that will govern the digital...

Venezuela has the third-highest cryptocurrency usage in the world as citizens turn to digital currencies such as Bitcoin (BTC) as a means of preserving their moneys purchasing amidst the countrys hyperinflation. The...

Blockchain is seen as the next big thing in the gaming industry. In fact, there are projections saying that the blockchain-based gaming economy could balloon in the coming years and potentially surpass the economy of...

Since legitimizing cryptocurrency mining in July 2019, Iran has been taking measures to support registered firms such as the recent shutdown of 1,100 unlicensed Bitcoin (BTC) mining farms last month. Recently, the...