Central African Republic Reportedly Launches Crypto Coin, Bitcoiners Slam Move

Central African Republic (CAR) president Faustin-Archange Touadera announced recently that cryptocurrencies are an alternative to cash. Bitcoiners, however, insist the top cryptocurrency is the only solution to the CAR’s money problems. Formal Economy Not an Option Central African Republic president Faustin-Archange......

Report: Morocco’s Central Bank to Unveil Crypto Regulation Bill Soon

The Moroccan central bank is presently working on a cryptocurrency regulation framework bill and according to the bank’s governor, Abdellatif Jouahri, this is set to be introduced soon. The regulatory framework being worked on will result in Morocco’s money laundering and......

CBDC Ensures Nigeria Remains Competitive in Increasingly Digital World — Central Bank Governor

The governor of the Central Bank of Nigeria (CBN) has insisted the recently introduced e-naira digital currency can potentially boost trade and investment activities in the country. He added the digital currency “would be necessary in the future to ensure Nigeria......

Portuguese Football Legend Cristiano Ronaldo in NFT Partnership With Binance

Cristiano Ronaldo, one of the world’s top-earning athletes, has entered into a partnership with Binance which gives his supporters a chance to join the footballer’s Web3 community. According to Ronaldo, his partnership with Binance is “going to change the non-fungible token......

Bank of Jamaica Governor: Cryptocurrency ‘Not Sufficiently Stable to Be a Good Means of Payment’

The governor of the Jamaican central bank has warned people using or who have plans to use cryptocurrencies to be mindful of the associated risks. The governor added that cryptocurrencies’ unpredictability means they cannot function as a medium of exchange. Not......

UAE Charitable Foundation Receives Approval to Accept Crypto Donations

Al Jalila Foundation, the United Arab Emirates charitable organization, recently announced that it has been given permission to accept cryptocurrency donations. Accepting cryptocurrencies makes it possible for the foundation to receive funding via what is described as one of the fastest-growing......

Czech Central Bank Plans Tenfold Increase in Gold Holdings, New Governor Says Precious Metal ‘Good for Diversification’

The incoming governor of the Czech National Bank (CNB), Aleš Michl, has said he plans to increase the institution’s gold holdings almost tenfold from the current 11 tonnes to 100 tonnes. Michl also said he will ask the bank’s foreign exchange......