Russia talks up prospects of BRICS countries developing new currency
A top Russian official has reportedly claimed that the BRICS alliance is working on creating its own currency. Go to Source Powered by WPeMatico
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Nigeria CBDC adoption spikes as fiat currency shortage grip the nation
The acute cash shortage in Nigeria was due to the central bank’s decision to replace older bank notes with bigger denominations amid rising inflation. Go to Source Powered by WPeMatico
Retail giant Pick n Pay to accept Bitcoin in 1,628 stores across South Africa
Grocery retailer Pick n Pay is expanding its Bitcoin coverage to all stores in the country following a three-month pilot testing phase. Go to Source Powered by WPeMatico
Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization
After a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The statements follow China’s president, Xi Jinping, urging the Gulf monarchs to accept yuan for oil, and Riyadh officials saying last March the country would consider … Read more
DeFi, DAOs and NFTs: Crypto is redefining how charities raise funds
Crypto donations are so much more than just peer-to-peer Bitcoin and Ether transactions. Go to Source Powered by WPeMatico
Crypto regulation world: How laws for digital assets changed in 2022
While regulations were once seen as hurdles to crypto adoption, they are now perceived as the fastest way to attain global mainstream adoption. Go to Source Powered by WPeMatico
How to build a Bitcoin Beach: Advice from the pros
Founders of Bitcoin Beach El Salavdor, Bitcoin Ekasi in South africa, Dakar Bitcoin Days in Senegal and Global Bitcoin Fest shed light on building Bitcoin communities around the world. Go to Source Powered by WPeMatico
South African grocery giant ‘Pick n Pay’ intends to accept Bitcoin in all stores nationwide
The company said it will allow customers to pay with any bitcoin lightning-enabled app and QR codes for speedy payments. Go to Source Powered by WPeMatico
South African crypto landscape primed for TradFi growth after FSCA ruling
Industry insiders believe South Africa’s move to classify cryptocurrencies as financial products could drive the adoption and legitimacy of the sector. Go to Source Powered by WPeMatico
South African Financial Sector Regulator Declares Crypto Assets a Financial Product
According to a general notice published in a government gazette, crypto assets are now treated as financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act. Declaration of the crypto assets as financial products means crypto asset service providers (CASP), such as exchanges, must apply for a license. Declaration Applicable to Any Digital … Read more
