The US state of Utah has passed a bill/law granting legal recognition and limited liability protection to decentralized autonomous organizations (DAOs). Decentralized Autonomous Organizations (DAOs) are blockchain-based organizations that operate using smart contracts and are managed through democratic voting systems. They have recently gained popularity as a new way of organizing businesses, social networks, and …
As cryptocurrencies continue to gain popularity and mainstream acceptance, the debate over their impact on traditional monetary policies has intensified. Some experts argue that cryptocurrencies offer a viable alternative to government-controlled fiat currencies. In contrast, others warn of potential risks to financial stability and the effectiveness of central bank policies. The rise of cryptocurrencies, led …
Monetary Policies and Cryptocurrencies: An Ongoing Debate Read More »
1. Yellow Card Financial, a Pan-African cryptocurrency company, has expanded its operations to Senegal, making it the 16th country on the continent in which it is operational. The company’s mission is to make it easy for anyone in Africa to buy cryptocurrencies using cash, mobile money, card, bank transfer, and the local currency (XOF Cfa) …
The Zambian government is testing new technology to regulate the cryptocurrency industry in the country. The technology being tested will allow the central bank to supervise and test crypto-related services before entering the market and establish a regulatory framework for the industry. The Bank of Zambia and the securities regulator are working to establish a …
According to the recent decision by the National Bank of Rwanda (NBR), regulated financial service companies can no longer enable crypto-related transactions. Acting Governor Soraya Hakuziyaremye notes the unregulated condition of most crypto assets leaves consumers without the “guarantees and safety associated with regulated financial services.” NBR has also stated that financial service providers in …
National Bank of Rwanda prohibits companies to make crypto transactions Read More »
Since 2021, Tonga has been mentioned in media as one of the nations that could legalize Bitcoin. The current discussion promoted by Tongan Bitcoin supporters is to make Bitcoin a legal tender and national currency, similar to the El Salvador case. According to several analysts, Bitcoin could be officially accepted already in February. The current …
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