national currency – DIGIT INFO

Crypto Exchanges Binance and Kuna Suspend Card Transactions in Ukrainian Hryvnia

DIGIT — Sun, 05 Mar 2023 05:00:28 +0000

Major cryptocurrency exchanges operating in Ukraine have temporarily suspended operations with hryvnia bank cards. The measure stems from restrictions imposed by the country’s central bank, Binance and Kuna indicated in comments for crypto media. Ukrainians Unable to Trade Crypto Assets Using Cards in National Currency The world’s largest crypto exchange, Binance, and a leading Ukrainian […]

Go to Source

Ukraine’s New Fiat Restrictions to Boost Popularity of Crypto, Industry Says

DIGIT — Sun, 24 Jul 2022 06:00:23 +0000

The central bank of Ukraine has adjusted the fixed exchange rate of the national currency in U.S. dollars and introduced stricter limits on hryvnia transactions for citizens. The measures are likely to turn more Ukrainians to cryptocurrencies, according to a representative of the local crypto sector. War-Time Hryvnia Limits Expected to Increase Interest in Cryptocurrency […]

Go to Source

Russia May Accept Bitcoin for Gas Exports, Lawmaker Says

DIGIT — Thu, 24 Mar 2022 22:49:38 +0000

Russia is moving away from the dollar and the euro as payment options for its energy exports, and bitcoin has been mentioned as a possible substitute alongside the ruble and the national currencies of partnering countries. A high-ranking parliamentarian has indicated that Moscow may take cryptocurrency for natural gas and other resources. Russian Official Mentions […]

Go to Source

Central Bank of Ukraine Supports Crypto Industry, Fears Cryptocurrency

DIGIT — Thu, 23 Sep 2021 10:30:17 +0000

The National Bank of Ukraine recognizes the benefits of endorsing crypto innovations but also fears cryptocurrencies could gain ground on the national fiat. Announcing its monetary policy guidelines for the near future, the regulator noted it’s going to defend the status of the hryvnia as the only legal tender in the country. Bank of Ukraine […]

Go to Source

61% of US Adults Do Not Oppose Bitcoin as Legal Tender, Survey Shows

DIGIT — Sun, 12 Sep 2021 02:30:48 +0000

Following El Salvador making bitcoin legal tender, a survey was conducted to ascertain whether U.S. adults support or oppose a similar move in the U.S. Among 4,912 adults who participated, 61% did not oppose. Majority of Adults in US Do Not Oppose Making Bitcoin Legal Tender, Survey Shows Yougov America Inc. conducted a survey Thursday […]

Go to Source

IMF: Bitcoin Is Privately Issued Crypto With Substantial Risks, Inadvisable as Legal Tender

DIGIT — Mon, 30 Aug 2021 03:40:03 +0000

The International Monetary Fund (IMF) says that crypto assets, like bitcoin, are privately issued with substantial risks, and “Making them equivalent to a national currency is an inadvisable shortcut.” The crypto community disagrees. IMF Claims Bitcoin Is Privately Issued Crypto With Substantial Risks, Inadvisable for Use as Legal Tender The International Monetary Fund tweeted about […]

Go to Source

Kenyan Farmers Pivot to Cryptocurrency as Popularity of Community Currencies Grows

DIGIT — Wed, 28 Jul 2021 03:30:50 +0000

The growth and popularity of community inclusion cryptocurrencies in Kenya continues to soar with the country’s rural farmers being the latest group to embrace the financial technology. As one report reveals, some farmers in Kenya’s countryside are now accepting cryptocurrency as payment while others are using the same to buy important supplies. Use of Sarafu […]

Go to Source

UN Kenyan Mission Praises Local Blockchain-Based Initiative for Helping to Reduce Poverty

DIGIT — Fri, 25 Jun 2021 04:30:13 +0000

The United Nations (UN) mission in Kenya recently praised a local blockchain-based community inclusion currency (CIC) initiative for its part in helping to reduce poverty in one of the country’s poor informal settlements. The mission’s sentiments follow a tour of the Mukuru informal settlement by its resident coordinator, Stephen Jackson. In a tweet, the mission […]

Go to Source

Bank of Singapore Says Cryptocurrencies “Could Replace Gold as a Store of Value” but Unlikely to Displace Fiat Currencies

DIGIT — Mon, 25 Jan 2021 10:30:21 +0000

A new research note released by the Bank of Singapore (BOS) suggests that cryptocurrencies are likely to replace gold as a store of value. However, the note says it is unlikely that such digital currencies can replace fiat currencies even as their appeal grows. Inefficient Unit of Exchange According to the research note, it is […]

Go to Source

Libra Seen as Threat to National Currency Sovereignty, Pleads With G-7

DIGIT — Thu, 19 Sep 2019 11:28:00 +0000

Libra meets with G-7 regulators amid regulatory hurdles surrounding its launch. Can the Facebook-backed token finally turn the tide in its favor?

Go to Source