Tag: FINTECH

Mastercard Payment Index: More Consumers In Three African Countries Plan To Use Crypto Based Payment Methods

According to a recent Mastercard payment index report, the Covid-19 related lockdowns helped spread the use of cryptocurrency in three African countries, namely Nigeria, Kenya, and South Africa. The report…

Bank Of Russia Tests Services Related To Cryptocurrencies

Russia’s central bank has examined three platforms offering crypto-related services. The projects have been tested in its regulatory sandbox in the course of 2020. Bank of Russia has received dozens…

Ghana Regulator Labels Crypto Transactions Illegal— Urges People To ‘Stay Away From Them’

Ghana’s Securities and Exchange Commission (SEC) recently warned residents of the West African country to avoid cryptocurrency transactions of any form. In the warning, the regulator reiterated that “cryptocurrencies are…

US House Passes Bill Mandating SEC And CFTC To Establish Working Group Focused On Digital Assets

The U.S. House of Representatives has passed a crypto-related bill introduced by pro-bitcoin Congressman Patrick McHenry. It requires the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission…

Bank Of England And HM Treasury Launch A Central Bank Digital Currency Taskforce

Her Majesty’s Treasury and the Bank of England have revealed the establishment of a central bank digital currency (CBDC) taskforce. According to the announcement, the group’s purpose aims to explore…