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Category: financial transactions
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India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade
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Singapore to Impose Restrictions on Russian Financial and Crypto Transactions
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Indictment Order Issued Against Leaders of the Geek Group for Their Role Using BTC in an Illegal Money Transmission Business
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Bank of Thailand Enters Third Phase of CBDC Development; Now “Using CBDC with Big Businesses”
The Bank of Thailand (BOT) announced Wednesday that is has entered third-phase development of its central bank digital currency (CBDC). BOT is planning to expand the use of the CBDC among large businesses. The report by The Nation of Thailand quotes Vachira Arromdee, BOT assistant governor saying the central bank is already using the CBDC […]
The post Bank of Thailand Enters Third Phase of CBDC Development; Now “Using CBDC with Big Businesses” appeared first on Bitcoin News.
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Iran in Talks With 8 Countries for Use of Cryptocurrency in Financial Transactions
Iran is exploring various options, including holding negotiations with other countries to introduce cryptocurrency in global trade, as the Islamic state moves to sidestep U.S. economic sanctions. Mohammad-Reza Modoudi, the acting head of Iran’s Trade Promotion Organization (TPO), said the country was negotiating the use of cryptocurrency in its financial transactions with eight countries. Also […]
The post Iran in Talks With 8 Countries for Use of Cryptocurrency in Financial Transactions appeared first on Bitcoin News.
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South Korea Announces Crypto Traders Could Face Fines Under New System
The South Korean government has announced that cryptocurrency traders will be fined if they do not convert from existing virtual accounts, which allows for anonymous trading, to real-name accounts. Regardless of their service levels to crypto exchanges, banks have been ordered to implement the new system this month as planned. Also read: South Korea Urges 23 […]
The post South Korea Announces Crypto Traders Could Face Fines Under New System appeared first on Bitcoin News.
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