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22% of Vietnamese Citizens Use Cryptocurrency Amidst Regulatory Pressure
May 04, 2021 at 14:19
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22% of Vietnamese Citizens Use Cryptocurrency Amidst Regulatory Pressure
The Socialist Republic of Vietnam is one of the biggest Bitcoin users in the world and the cryptocurrency industry is growing at a high speed in this Southeast Asian country. Around 22% of the citizens own or transact with cryptos.
South Korea Announces Testing of CBDC Right After Imposing a New Tax Framework; Is It a Coincidence?
May 02, 2021 at 11:54
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South Korea Announces Testing of CBDC Right After Imposing a New Tax Framework; Is It a Coincidence?
Recently, the South Korean Finance Ministry announced imposing a 20% tax on cryptocurrency earnings. Curiously enough, the decision comes a couple of days before the announcement concerning the testing of the digital won. Is this a way to push people away from cryptos?
The Cryptocurrency Industry in Nigeria Is Booming Despite Scams and Regulatory Uncertainty
Apr 19, 2021 at 12:24
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The Cryptocurrency Industry in Nigeria Is Booming Despite Scams and Regulatory Uncertainty
The digital currency sector in Nigeria has been growing rapidly. Despite numerous scams and a lack of clear regulations, cryptos attract Nigerians with high profit potential.
3 Reasons Bitcoin Is More Attractive than Visa and MasterCard Combined
Apr 18, 2021 at 12:23
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3 Reasons Bitcoin Is More Attractive than Visa and MasterCard Combined
Bitcoin has now reached a market cap (MC) of over $1.13 trillion whereas Visa combined with MasterCard have a market cap of about $864 billion. This is a clear indication that the world's original cryptocurrency is more attractive than the two giant financial services added together.
Bitcoin Price Falls After Turkey's Decision to Ban Crypto Payments
Apr 17, 2021 at 11:09
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Bitcoin Price Falls After Turkey's Decision to Ban Crypto Payments
The price of Bitcoin has dropped by about 4% following the news by the central bank of Turkey to ban cryptocurrency payments starting from April 30.
Increasing Use of Cryptocurrency and Blockchain Will See Global Market Hit Over $30B by 2027
Apr 15, 2021 at 15:11
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Increasing Use of Cryptocurrency and Blockchain Will See Global Market Hit Over $30B by 2027
As the use and adoption of blockchain, the underlying technology behind bitcoin, continues to grow in different sectors, the global market is estimated to hit around $30.7 billion by 2027.
Female President of Tanzania Expected to Mitigate the Climate for Cryptocurrency in the Country
Apr 11, 2021 at 11:11
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Female President of Tanzania Expected to Mitigate the Climate for Cryptocurrency in the Country
The sudden death of Tanzanian President John Pombe Magufuli, also a coronavirus skeptic, shocked Tanzanian citizens and the entire world. However, the cryptocurrency community is curious about what the new government would have in store for them.
The CBDC Race Is Getting Tougher in Asia: What to Expect When Thailand Rolls Out Its Own Digital Currency?
Apr 08, 2021 at 13:31
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The CBDC Race Is Getting Tougher in Asia: What to Expect When Thailand Rolls Out Its Own Digital Currency?
This decade has witnessed a high wave of central banks wanting to make digital versions of their fiat money, also called the Central Bank Digital Currency (CBDC) following the success of cryptocurrencies. Thailand just announced it would be unveiling its own CBDC next year. What shape does the race take after then?
4 Reasons Central Banks Don't Want to Use Blockchain to Issue CBDC
Apr 04, 2021 at 11:44
News
4 Reasons Central Banks Don't Want to Use Blockchain to Issue CBDC
The features presented by blockchain would be forcing central banks to adopt and use the technology on a large scale, but some governments including China, Jamaica, etc., don't want their central banks to use the tech in the issuance and distribution of their own state-backed central bank digital currency (CBDC).
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