Emerging Markets

Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied

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The government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet in a country that has just exited…

Sestavljajo podjetja za kripto in blokovne verige 16% rekordnih registracij podjetij v prosti coni ZAE Q1

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Crypto and blockchain firms constituted 16% od 655 new company registrations that were recorded in Q1 of 2022, the Dubai Multi Commodities Centre (DMCC) has said. The surge in crypto-related registrations also coincided with a quarterly period in which the…

Ghana Central Bank Reiterates Warning Against Practice of Pricing Goods in Forex

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The Bank of Ghana has warned businesses and the public against the practice of demanding or making payments in foreign currency without its authorization. The central bank’s warning comes just over a month after Ghana’s currency was rated the worst performing…

Ghana CBDC Development: New Central Bank Document Outlines Key Motivations for Issuing the Digital Currency

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In a recently released document, the Bank of Ghana (BOG) outlines some of its key reasons for developing the central bank digital currency (CBDC). tudi, in the document, the bank’s governor insists the institution is open to suggestions that will help…

UAE Venture Capital Firm Launches $100 Million Seed Fund for Blockchain and Crypto Projects

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Cypher Capital, a United Arab Emirates (ZAE)-based venture capital (VC) firm, has announced the launch of a $100 million seed fund that will primarily avail funding to decentralized finance (defi), gamefi, and metaverse projects. Mentoring of Entrepreneurs A United Arab Emirates…

Kenyans Lost $120 Million to Cryptocurrency Scams in the Past Financial Year — Government Official

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Kenyans are believed to have lost as much as $120 million to cryptocurrency scammers in the last financial year, a government official has said. The official, vendar, suggested the number of Kenyans losing funds this way can be reduced if the…

Islamic Scholar Says Digital Currency is Not a ‘Fictitious Currency’

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An Islamic scholar, Irshad Ahmad Ijaz, has asserted that digital currency is not fake currency and that it should be legitimized once certain conditions are met. Ijaz’s viewpoint is echoed by other scholars that attended a seminar examining the status of…

President of Central Bank of Peru Criticizes Crypto, Citing Lack of Intrinsic Value and Climate Change

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Julio Velarde, the president of the Central Bank of Peru, attacked the value of cryptocurrencies and referred to negative effects they are said to have on the environment. In a recent interview with local media, Velarde said the Bank did not…

Bitso Expands to Colombia Amidst Growing Cryptocurrency Adoption in the Country

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Ime, a Mexico-based cryptocurrency exchange, is expanding and strengthening its push into the Colombian market in the midst of growing interest in these new technologies in the country. Bitso has appointed Emilio Pardo as a new country manager, to debut the…

Colombia Registers First Real Estate Purchase With Bitcoin

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The first real estate purchase with Bitcoin has been registered in Colombia last week. Podjetje, called La Haus, sold one property in Santa Marta to a buyer that was not in Colombia at the time of the purchase. While Colombia…