Indonesia’s central bank governor, Perry Warjiyo, is mobilizing official supervisors to enforce the country’s ban on financial institutions using crypto assets as a means of payment. During a virtual seminar on Tuesday, June 15, Warjiyo reiterated that local financial firms and payment provided are prohibited from facilitating the use of cryptocurrency to settle payments or as an instrument used in […]

Ever since El Salvador passed a bill that was approved by a supermajority in the Salvadoran Congress legalizing bitcoin as legal tender in the nation, the country has remained in the spotlight. Furthermore, there’s an area in El Salvador called “Bitcoin Beach” with a small group of beach villagers that are attempting to leverage bitcoin on a daily basis. El […]

Analysis of trades on blockchain-based derivatives trading platform CloseCross reveals that general distribution of the predictions and the money committed to predictions for the price of Ethereum and Bitcoin show that almost all traders are eyeing ETH to either remain stable or increase in value. There was hardly any interest in the downward price. This could be interpreted as showing […]

R3 and the ASEAN Financial Innovation Network (AFIN) have inked a strategic partnership deal aimed at developing a central bank digital currency (CBDCs) sandbox that would make it easier for fintech firms and traditional banks to create and test their CBDC payment solutions, according to a press release on June 15, 2021. Accelerating CBDC Development While the COVID-19 pandemic has […]

Texas State Securities Board issued an emergency cease and desist order on Wednesday against David A. Grissom and Premier Concepts for allegedly running an unregistered forex scheme. According to the press release, Travis J. Iles, the Securities Commissioner of the Texas State, accused Grissom of advertising a forex investment opportunity targeting Dallas residents, which don’t have a license to operate […]

Though cryptocurrencies have seen a significant rise in popularity, formal financial organizations are still skeptical about the asset class due to its high volatility and the regulatory attention it has received. A Reuters Opinium poll carried out among Independent Financial Advisors (IFAs) in the UK on Wednesday reported that about 9 in 10 IFAs would strongly advise their clients not […]

Pro-crypto travel booking agency Travala.com is releasing a decentralized property rental service. In a Wednesday announcement, Travala said it had partnered with former executives from Airbnb, Expedia, and other companies to launch Dtravel, a decentralized vacation rental platform that may serve as a competitor for sites like Airbnb and Vrbo. The platform is community governed through Dtravel’s Decentralized Autonomous Organization, […]

It has been reported that the Indian government and top industry stakeholders are revisiting provisions of the law that advocated a ban on cryptocurrency. The bill in question is dubbed the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 that was developed years back but never introduced during parliament’s budget session. Bloomberg Quint recently cited a source familiar with […]