The Russian government is moving ahead with its plans of using cryptocurrency for international settlements. The Central Bank of the Russian Federation, also known as the Bank of Russia, plans to conduct trials with...

Nigeria is set to recognize Bitcoin (BTC), Ether (ETH), and other cryptos within its jurisdiction. The government will reportedly pass a law soon that will recognize crypto usage in the country, a move that will keep...

Shark Tank star Kevin OLeary has a different explanation for why the crypto exchange FTX failed, which he shared with U.S. senators. OLeary told U.S. Congress that the reason for FTXs failure was because rival Binance...

The U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Sam Bankman-Fried (SBF), FTX Trading LTD., and Alameda Research, around a month after the crypto exchange filed for bankruptcy in November 11....

Crypto investors in Nigeria could soon be subjected to higher costs for their digital assets investments. A Nigerian finance bill, which seeks to reform the countrys different tax regulations, contains provisions that...

Crypto owners in Italy could be facing stricter crypto regulations up ahead. The government plans to impose reporting requirements for those who own digital currencies as well as capital gains tax for income derived from...

U.S. Treasury Secretary Janet Yellen is now stressing the need for adequate regulation in the crypto industry. She pointed out that the recent collapse of FTX highlighted the digital asset industrys lack of customer...

The Reserve Bank of India (RBI), Indias central bank, will start the first retail pilot testing of its Central Bank Digital Currency (CBDC), also known as the digital rupee, on December 1, 2022. The pilot will be...

Crypto exchange FTX has announced that it will resume paying salaries and benefits to its employees as well as payments to contractors. The announcement was made by the new FTX CEO John Ray III on November 28 as the...

Russian President Vladimir Putin is calling for a blockchain-based international settlement network. The new network envisioned by Putin will be totally independent of banks and the interference of countries, which is...

Japan is still undecided on whether or not it will issue a central bank digital currency or CBDC. However, this uncertainty has not stopped the Bank of Japan (BOJ) from experimenting with a potential digital yen. The...

India is reportedly in the final stages of its retail central bank digital currency (CBDC) project. The Reserve Bank of India (RBI) is about to conduct a pilot of the digital rupee, which is expected to start next...

Uzbekistans regulatory body for the countrys crypto sector has issued licenses to two firms that plan to offer exchange services. The agency said that the decision to authorize the operations of the two companies is to...

Russia and Cuba are now eyeing the use of crypto for cross-border payments, according to a Kremlin advisor. Both countries are looking into alternative options for international settlements since both are facing Western...

The Caribbean nation of St. Kitts and Nevis could soon be joining the short but growing list of countries that are opting to adopt crypto as legal tender. In fact, the country may declare Bitcoin Cash (BCH)legal tender as...