Technology

Nigerian lawmakers draft a blockchain and cryptocurrency adoption roadmap.

The Nigerian government is looking to digitize the country’s economy and view blockchain as the technology to build its future on. Titled ‘National Blockchain Adoption Strategy,’ the roadmap breaks down how blockchain has changed the trust paradigm, its adoption...

US Anti-Money Laundering watchdogs seek info on all international crypto transactions above $250.

According to a notice of proposed rulemaking published on Friday, the US agencies want to lower the $3,000 threshold established in 1995 to $250 for international transactions, meaning that financial institutions would need to exchange client information alongside all crypto...

Canadian messaging platform Kik and the US SEC propose a $5 million deal to end the ICO feud.

The U.S. Securities and Exchange Commission (SEC) and messaging platform Kik Interactive Inc. have proposed a deal that will end their legal battles over an unregistered 2017 initial coin offering (ICO). In its proposed judgment, the Canadian company will...

A senior BOJ official says the digital yen needs public support for it to become a reality.

According to the Bloomberg report, a senior Bank of Japan's official said that there is no final decision has been made yet even after the announcement of testing to start next year. The official revealed that a lot depends...

Russian public officials are now required to declare their crypto holdings as income.

Russia's prosecutor general Igor Krasnov declared that all civil servants would be required to declare their cryptocurrencies on an equal basis with other assets starting next year. Krasnov said this while speaking at a corruption meeting involving 15 other prosecutor generals from the...

A ransomware attack targets the government systems of Georgia’s Hall County.

Local officials released few details regarding the Oct. 7 ransomware attack, stating that "critical systems within the Hall County Government networks" had been affected. Today, CNN reported that the incident "may be the first ransomware attack to hit election infrastructure this...

Payment giant PayPal plans to acquire bitcoin custody platform BitGo.

PayPal is in talks with some major cryptocurrency companies, including Bitcoin custody provider BitGo which, once completed, could expand the online payments company’s exposure to digital currencies. Speaking with people familiar with the matter, Bloomberg reported that a deal with BitGo...

The central bank of Philippines is not yet ready to launch a CBDC.

Philippine central bank governor Benjamin Diokno has announced that the institution's "exploratory" study of central bank digital currency suggests that much more work is needed to make a digital peso a reality. During the summer, Bangko Sentral ng Pilipinas...

Swiss parliament approves new laws to regulate cryptocurrencies.

Switzerland's government continues to lead the way in blockchain regulation, approving a raft of new laws that amend existing statutes to bring them in line with advancements in blockchain and crypto-asset technology. The new laws approved by Swiss parliament...

Payment giant PayPal to allow crypto buying, selling, and shopping on its network.

PayPal Holdings Inc announced to join the cryptocurrency market today, allowing customers to buy, sell, and hold bitcoin and other virtual coins using the U.S. digital payments company’s online wallets. PayPal customers will also be able to use cryptocurrencies...

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The Securities Commission of Malaysia publishes new guidance for the crypto industry.

The Securities Commission of Malaysia has brought in the amended guidance to govern a range of functions in cryptocurrency markets, including...
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