Compared to other countries, China is a step ahead in the central bank digital currency race with its digital yuan already being testing in major cities. The countrys central bank is likewise moving ahead with the...

FinCEN has recently slapped a $60 million fine on the founder and operator of Bitcoin (BTC) mixing services for alleged anti-money laundering violations. The move is a first for the U.S. Treasury Department bureau against...

While China is ahead of the central bank digital currency (CBDC) race with its testing the digital yuan in key cities, other countries are already taking steps to issue their own cryptocurrency. Russias central bank...

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...