Tag: Crypto Adoption

The Reverse Bank of New Zealand (RBNZ) is seeking the public's input on the possible introduction of central bank digital currency (CBDC). They are looking to introduce the digital version of Kiwi. It is part of the bank's response to the digital advancements in payments and money. The Push for Digital Currency Adoption The Assistant Governor of RBNZ Christian Hawkesby said in a statement: ''A Central Bank Digital Currency would see the features and benefits of cash enjoyed in the digital world,…

SEBA bank announced it had become the first Swiss bank to get a digital assets custody license. However, this license limits the bank to provide crypto custodian services for institutions only. Switzerland Eyes Digital Banking FINMA has permitted SEBA to be the pioneer in the regulated crypto era in Switzerland. However, the license has conditions that it is only valid for nation-native institutional-grade investment projects. As per Guido Buehler, CEO of SEBA bank, his institution has been enjoying excellent business…

El Salvador is a country in Central America that borders the Pacific Ocean to the north. It also borders Guatemala to the southeast and Honduras to the southwest. It has recently adopted Bitcoin as its legal tender. BTC is now a lawful means of payment in the country. For some time now, many countries have turned their attention to the "future of finance." This act has triggered numerous reactions worldwide. Also, many countries take sides between backing and condemning crypto adoption.  Why…

Cryptocurrencies are gaining popularity at a fast rate in recent times. A cryptocurrency is a form of electronic currency that uses a digital ledger to record its transactions. Third parties like the Central banks do not have control over cryptocurrencies. The growth rate and profitability of these currencies have attracted the attention of many people. Nowadays, many celebrities are already in the crypto business. This article will expound on the famous people who have invested in crypto-related projects and how…

Google is one of the biggest drivers of tech innovation through its game-changing search engine. It is full of features that help you find what you've been looking for with maximum efficiency. Now, crypto adoption may be next on its development plate. Apart from being a search engine, Google offers other Internet-related services and products. Among them are cloud computing, payment platforms, and online advertising technologies. However, the company is yet to make any significant strides in the cryptosphere. As…

The fintech firm is the first WeWork member company to pay for its workspace in cryptocurrency. The financial technology firm is the largest of its kind in the UK. Also, the company gained $800 million in funding back in mid-2021. The new office will house about 300 employees, making it the organization’s most prominent office space. The cryptocurrency-infused financial tech company is preparing for expansion in the US. It was for this reason that it acquired the new area. Revolut Pays for Workspace in…

Multiple Wall Street industrial trading companies have recently made plans to boost their cryptocurrency trading activities. The financial startups may soon open new business ventures to acquire a lump sum of crypto assets to trade. The most prominent players in the United States equity market have shifted their focus to digital assets. Some of these companies include Jump Trading, Jane Street and GTS. Wall Street Eyes Cryptocurrency Trading Several renowned Wall Street companies command trading respect on a global sphere. Additionally, they take up…

Laos, the southeast Asian country, authorized six companies to take part in a cryptocurrency trial. The government changed its official policy recently. Consequently, the firms will trade and mine in a trial run while the government drafts usage regulations. This development will assist the country in gaining profit from Chinese miners. Subsequently, they can become an option for those who have suffered from China's cryptos mining crackdown.  The firms are Boupha Road-Bridge Design Survey Co., Phousy Group, and Sisaket Construction. Also part of the…

Britain’s Financial Conduct Authority (FCA) said that developing regulations for digital currencies requires efficient planning over time. The announcement comes after public consultation on regulating crypto-assets. Some celebrities also came into the limelight to promote questionable cryptocurrencies. Most receive vast sums of money to push new altcoins to their followers. It works because their fans trust them to promote legit products. However, most of these have turned out to be pure scams. The Need for Powers to Regulate Crypto In…