Mexico’s digital peso delayed, unclear launch date
Mexico’s central bank is currently working on legal, administrative, and technological requirements for the peso’s digital version. Go to Source Powered by WPeMatico
Month: January 2023
Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings
Federal prosecutors are reportedly investigating U.S.-based hedge funds that have dealt with the cryptocurrency exchange Binance, according to two people familiar with the matter. The hedge funds were allegedly issued subpoenas by the U.S. attorney’s office for the Western District of Washington. Sources Say U.S. Department of Justice Probes American Hedge Funds in Cryptocurrency Investigation … Read more
Digital Currency Group under investigation by U.S. authorities: Report
U.S. authorities are reportedly investigating internal transfers from Digital Currency Group to its subsidiary Genesis. Go to Source Powered by WPeMatico
Gold Prices Expected to Soar in 2023: Experts Predict Record Highs for Precious Metal
Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past 65 days, gold has soared 14.55% while silver has skyrocketed 22.31% against the greenback since Nov. 3, 2022. According to the head of metals strategy … Read more
Bitcoin, Sango Coin and the Central African Republic
The Central African Republic adopted Bitcoin and swiftly created its own token, Sango Coin. But where did Sango Coin come from, and why is it necessary? Go to Source Powered by WPeMatico
Robert Kiyosaki: SEC Will ‘Crush’ Most Cryptos, Burry on US Recession, Gold Bug Schiff on Inflation in 2023 — Week in Review
2023 is off to a rough start, with crypto business bankruptcies, inflation, and recession impacting markets and looming darker on the horizon. Rich Dad Poor Dad author Robert Kiyosaki says that other than bitcoin, the Unites States Securities and Exchange Commission is going to “crush” most cryptos with regulations. Other investors and economists such as … Read more
Mexican CBDC Unlikely to Be Ready by 2024
The Mexican central bank digital currency (CBDC), the digital peso, is unlikely to be ready by 2024, as was announced back in 2021 by the Mexican government. In a statement, representatives from Banxico, the central bank of Mexico, stated the development of the currency was still in its initial stages, and there is still no … Read more
Romania Carries Out Raids as Part of Crypto Tax Evasion Probe
Authorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following an earlier investigation which established that crypto traders had failed to report digital assets exceeding $50 million in value. Law Enforcement and Tax Authorities in Romania Go After … Read more
Wyre imposes up to a 90% withdrawal limit for all users
Wyre imposed a daily withdrawal limit on its platform subject, citing “the best interest of our community.” Go to Source Powered by WPeMatico
Bank of France Governor Calls for Mandatory Licensing for Crypto Companies
France has to adopt a licensing regime for crypto service providers, the head of the country’s central bank has suggested. According to the executive, the need to tighten regulatory oversight stems from the “disorder” in the industry throughout the past year. Licensing Should Replace Registration for Crypto Firms in France, Governor Galhau Says Banque de … Read more