Citizens – DIGIT INFO

Pheu Thai Candidate Promises Digital Currency Airdrop of $300 to Every Citizen in Thailand if Elected

DIGIT — Sat, 08 Apr 2023 01:05:05 +0000

A Pheu Thai candidate running for prime minister of Thailand position, Srettha Thavisin, has promised that every citizen in the country will receive 10,000 Thai baht ($300) in digital currency if he wins the general election in May. However, a minister within the prime minister’s office in Thailand is concerned and has explained that the […]

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Localbitcoins, Crypto.com, Other Providers Suspend Services for Russians Under EU Rules

DIGIT — Sun, 16 Oct 2022 05:30:32 +0000

Complying with the latest EU sanctions targeting Russia, well-known cryptocurrency platforms like Localbitcoins, Blockchain.com, and Crypto.com have started to restrict or terminate services for Russian accounts. The moves follow the adoption of new European penalties in response to Moscow’s military escalation in Ukraine. Major Crypto Platforms Conform to EU Measures, Restrict Services for Russian Users […]

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Uzbekistan Moves to Block Foreign Cryptocurrency Exchanges

DIGIT — Thu, 11 Aug 2022 22:30:04 +0000

Authorities in Uzbekistan are restricting access to online crypto trading platforms based outside the country and not registered under its laws. A presidential decree obliges citizens and local companies to only use digital asset exchanges licensed by the government of the Central Asian nation. Uzbekistan Takes Steps to Prevent Crypto Trading and Custody on Foreign […]

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Buenos Aires Confirms It Plans to Allow Citizens to Pay Taxes With Cryptocurrency

DIGIT — Tue, 26 Apr 2022 14:00:49 +0000

Horacio Larreta, the head of the government of Buenos Aires, the capital of Argentina, confirmed that the city will allow its citizens to pay some taxes with cryptocurrencies. This is part of a digitization plan that the city has named “Buenos Aires+” that seeks to simplify the relationship the city has with citizens. Buenos Aires […]

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Binance Limits Services to Russian Users to Comply With EU Sanctions

DIGIT — Fri, 22 Apr 2022 06:30:56 +0000

Following the latest round of EU restrictions against Russia, digital asset exchange Binance is limiting services to Russian clients. The company pledged to lead the industry in implementing the sanctions and urged all major trading platforms to follow. Crypto Exchange Binance Cuts Services to Russian Accounts in Accordance With EU Penalties Binance, the world’s leading […]

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Bank of Russia Wants to Restrict Crypto Investments by Blocking Card Payments, Report Reveals

DIGIT — Mon, 27 Dec 2021 12:30:59 +0000

The Central Bank of Russia is currently reviewing various ways to prevent Russians from investing in cryptocurrency. One the options on the table is to block card payments to certain recipients such as crypto exchanges, a media report has unveiled. A recent meeting at the State Duma has indicated, however, that the authority’s hardline stance […]

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Moscow Not Planning to Ban Russians From Buying Crypto Abroad

DIGIT — Wed, 13 Oct 2021 13:30:17 +0000

Russia is not going to follow China’s course and does not plan to ban its citizens from purchasing cryptocurrency on foreign exchanges, a high-ranking government official has indicated. Russians will not be able to pay with digital coins in their own country but are free to use crypto wallets beyond its borders. Russians Can Purchase […]

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Uzbekistan Warns Citizens to Avoid Unlicensed Cryptocurrency Exchanges

DIGIT — Sat, 02 Oct 2021 03:00:47 +0000

A government agency in Uzbekistan has published a list of unauthorized crypto exchanges that residents of the country have been advised to avoid. The trading platforms collect personal data and bear no responsibility for the cryptocurrency transactions, officials have warned. Authorities in Uzbekistan Blacklist ‘Unofficial’ Crypto Exchanges The National Agency of Project Management under the […]

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Shanghai to Hand Out $3 Million in Digital Yuan Lottery

DIGIT — Sun, 06 Jun 2021 09:30:37 +0000

As part of government efforts to get the digital yuan going, authorities in Shanghai will distribute $3 million worth of the central bank-issued currency among residents of Shanghai. The digital money will be dispersed through a lottery, a method that has already been implemented elsewhere in China. Lottery Winners to Get 350,000 Digital Red Envelopes […]

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As Citizens Suffer Central Banks Flush Trading Houses With Trillions, Ease Corporate Strains

DIGIT — Thu, 10 Dec 2020 12:05:12 +0000

Central banks across the world have been increasing stimulus and letting inflation run high in order to combat the disastrous economic effects of the coronavirus outbreak response. The Bank of Japan has recently become the country’s largest stockholder and the European Central Bank is prepared to expand its colossal stimulus program. Meanwhile, Federal Reserve Chair […]

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