Nations – DIGIT INFO

BRICS Gains Global Appeal as 34 Countries Show Interest, Putin Reveals

DIGIT — Fri, 13 Sep 2024 03:30:58 +0000

Russian President Vladimir Putin revealed that 34 countries have shown interest in joining BRICS activities, highlighting the global appeal of the group. He detailed Russia’s role in facilitating the integration of new members, sharing updates on BRICS activities under Russia’s chairmanship. 34 Countries Show Interest in BRICS, Putin Says Russian President Vladimir Putin said on […]

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BRICS to Promote National Currencies Before Issuing Common One

DIGIT — Mon, 01 May 2023 06:19:56 +0000

The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat indicated in an interview. Wider Use of National Fiats of […]

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Hong Kong Judge Rules Crypto Assets as ‘Property,’ Following Similar Rulings Worldwide

DIGIT — Wed, 19 Apr 2023 22:20:03 +0000

In a court case linked to the now-defunct crypto exchange Gatecoin, a Hong Kong judge has ruled that cryptocurrencies are “property” which is “capable of being held on trust.” According to the law firm Hogan Lovells, this case should provide greater clarity to insolvency practitioners and other common law jurisdictions. Hong Kong Judge Designates Crypto […]

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Russia Explores Stablecoins for Settlements With Friendly Nations

DIGIT — Wed, 07 Sep 2022 11:30:47 +0000

Russia is cooperating with friendly countries on the potential employment of stablecoins in international payments, a top government official unveiled. The news comes after key institutions in Moscow agreed that the Russian Federation needs to legalize cross-border crypto payments in the face of sanctions. Russia Looking to Build Stablecoin Platforms to Facilitate Trade With Partners […]

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Crypto sustainability and green solutions highlighted at COP26

DIGIT — Tue, 09 Nov 2021 15:05:57 +0000

Speaking at the COP26 summit, Cointelegraph’s Editor-in-Chief shared expert insights into the potential impact the crypto community could have on environmental initiatives.

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Bittrex Pulls Out of 31 Markets Citing Regulatory Uncertainty

DIGIT — Mon, 21 Oct 2019 00:40:34 +0000

Cryptocurrency exchange Bittrex is discontinuing operations in 31 countries, including Venezuela and Zimbabwe. The trading platform has justified its decision on the basis of the regulatory uncertainty in these jurisdictions. Some of the nations in the list are going through political turmoil and socio-economic challenges. Also read: Russia Blocks 2 Crypto News Websites Zimbabwe and […]

The post Bittrex Pulls Out of 31 Markets Citing Regulatory Uncertainty appeared first on Bitcoin News.

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G20 Informed Stablecoins Could Pose Financial Stability Risk

DIGIT — Wed, 16 Oct 2019 10:05:04 +0000

The Financial Stability Board has informed the G20 finance ministers and central bank chiefs of the risks stablecoins could pose to financial stability. Unlike crypto assets which do not pose financial stability risk at this time, stablecoins could pose a host of challenges. Also read: Unicef Launches Cryptocurrency Fund Financial Stability Risk The Financial Stability […]

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More Nations Join the Club of Crypto-Friendly Jurisdictions

DIGIT — Sun, 13 Oct 2019 23:48:57 +0000

Regulatory barriers are a major concern for businesses working with decentralized assets. Not all governments, however, are putting obstacles in front of crypto companies. In fact the number taking a crypto-friendly stance is in fact increasing. Also read: Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky Executives View Regulations as the Biggest Threat Government […]

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Virtual Currencies to Become “Part of the Economic Practices” of All Nations – CFTC Commissioner

DIGIT — Thu, 07 Jun 2018 23:19:08 +0000

United States Commodities Futures Trading Commission (CFTC) commissioner, Rostin Behnam recently gave a speech in which he predicted that “virtual currencies […] will become part of the economic practices of any country.” The CFTC commissioner predicted that cryptocurrencies will have a transformative effect in providing financial services to unbanked populations, and undermine corruption through increasing […]

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Venezuela Invites OPEC Countries to Jointly Develop Oil-Backed Crypto Platform

DIGIT — Wed, 07 Feb 2018 01:22:29 +0000

Venezuela’s president Nicolas Maduro has invited all OPEC nations to jointly develop a platform for the trading of oil-backed cryptocurrencies. Venezuela is preparing for a pre-sale of the petro, its oil-backed cryptocurrency which can be used to pay national taxes, fees, and public services. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies […]

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