French and Nigerian Central banks to join Hyperledger Foundation

U.S. peer-to-peer payments firm Circle has transferred some of its USD Coin (USDC) stablecoin reserves to a fund controlled by $10 trillion asset management firm BlackRock. In a blog post written by Circle CFO Jeremy Fox-Geen, the stablecoin issuer says it is working to minimize liquidity, counterparty, operational and reputational risks to ensure USDC holders…

The UK is taking these and other steps to position itself as a global hub for crypto technology innovation, the Economic Secretary of the Treasury said at UK Fintech Week 2022. The UK is ready to bring stablecoins into its electronic payments regulatory framework, opening up the assets to wider adoption across the country. The…

Watching certain indicators gives an indication of a possible Bitcoin price drop. Bitcoin (BTC) price hovers around the $23,000 range as high volatility has engulfed the cryptocurrency in recent days. After opening the week well above the $24,000 mark, Bitcoin is now trading in the $23,000 range. Meanwhile, recent trading activity by short-term investors indicates…

KRA Proposes Laws for Crypto Regulations The Kenyan National Assembly received a bill calling for the regulation and taxation of cryptocurrency trading in Kenya today, November 21, 2022. According to a report by Business Daily Africa, the bill, if passed, will allow the Kenya Revenue Authority (KRA), the Kenyan government’s revenue collection agency, to collect…

The Brazilian Development Bank officially launched the Brazilian Blockchain Network, a framework designed to help other institutions in the country increase public transparency. The launch, which was also attended by the Federal Court of Accounts, serves to invite more institutions to join this project, which aims to have the first applications ready by 2023. Brazilian…

The Indonesian government is set to launch a crypto bourse by the end of this year, a high-ranking government official reportedly revealed. “We will make sure that every requirement, procedure, and the necessary steps have been taken,” he emphasized.Crypto Bourse Coming Soon in Indonesia The Indonesian government is planning to launch a crypto bourse by…