Tag Archives: News

India’s CBDC has attracted 5 million users and 16 banks. The RBI is in no rush to launch a full-scale CBDC program yet. India’s CBDC program has onboarded at least 5 million users and witnesses participation from 16 banks, revealed Shantikanta Das, the Governor of the Reserve Bank of India, the country’s central bank. In his talk on Monday in the Indian city of Bengaluru, Das mentioned the magnitude the program has grown to, but made the RBI’s stance on taking it slow clear. “It is important...

New Zealand Implements OECD Crypto Reporting Rules to Enhance Tax Compliance. Non-compliance penalties include fines up to $6,200 for providers and $621 for users. On August 26, 2024, New Zealand’s Minister of Revenue, Simon Watts, proposed a significant legislation amendment to improve transparency in cryptocurrency transactions. The “Taxation Annual Rates for 2024-25, Emergency Response, and Remedial Measures” Bill, which includes the OECD’s Crypto-Asset Reporting Framework (CARF) and...

French President Emmanuel Macron addressed the recent arrest of Telegram CEO Pavel Durov. He stated that it was not politically motivated but part of an ongoing judicial investigation. In a post on X (formerly Twitter) on Monday, Macron reiterated France’s commitment to freedom of expression, innovation, and entrepreneurship. He emphasized that in a state governed by the rule of law, freedoms are upheld within a legal framework. As a result, it protects citizens and respects their...

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Bitcoin layer-2 Stacks will receive a highly anticipated upgrade on Wednesday, augmenting its transaction confirmation time. The DeFi ecosystem built on Bitcoin is set to receive a massive boost from Stacks’ Nakamoto upgrade. Stacks—a layer-2 Bitcoin network—will receive its latest upgrade, called Nakamoto, on Wednesday, August 28. With that, the Bitcoin community can witness high execution DeFi use cases unknown to the Bitcoin network. That will occur due to the numerous capabilities this...

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Arrest of Durov highlights global discussions about tech regulation and free expression. Rumble CEO Chris Pavlovski fled Europe amid fears following Telegram CEO Pavel Durov’s jail in France. Rumble CEO Chris Pavlovski tweeted that he has “departed from Europe” following the arrest of Telegram CEO Pavel Durov in France. Pavlovski’s exit comes as tensions between Rumble and France rise after the latter had threatened the video-sharing network. Rumble CEO Criticizes France’s Actions Pavlovski,...

Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Binance, a leading cryptocurrency exchange, is set to list Eurite (EURI) and open trading for new spot trading pairs on August 28, 2024, at 10:00 (UTC). In celebration of this launch, Binance is introducing a zero-fee promotion for trading EURI pairs. It makes this an attractive opportunity for traders. It is also pivotal for EURI as it is one of the earliest EURO stablecoins under the MiCA regulation in the EU and the EEA. EURI Deposits Open Ahead of August 28 Launch on Binance; Withdrawals...