In June 2023, the Markets in Crypto-Assets Regulation (MiCA) was passed into law, establishing a unified regulatory framework for twenty-seven countries within the European Union. This significant legislation covers almost one fifth of the global economy, marking a crucial milestone. However, MiCA signifies only the initial stage of a twelve to eighteen-month long journey involving … Read more
Ivorypay, a Nigerian business specializing in blockchain transactions for payments and remittances, has teamed up with Tether, the organization responsible for creating the popular stablecoin USDT. Through this collaboration, Tether can now produce and disseminate its USDT stablecoin straight onto Ivorypay. This results in increased liquidity, ultimately leading to cheaper and more stable digital transactions … Read more
Based on information from Punch’s article, the Economic and Financial Crimes Commission (EFCC) is intensifying its efforts against individuals and cryptocurrency platforms suspected of breaking Nigerian naira regulations. This action goes beyond Binance and encompasses all crypto exchanges and related groups, often involving market manipulation. According to insiders at the Economic and Financial Crimes Commission … Read more
In a conversation with Yahoo Finance, BlackRock’s Global Co-Head of Bond ETFs Steve Laipply recommended shifting funds from cash to fixed income investments. He highlighted the uncertainty surrounding when interest rate cuts may occur as justification for this move. Although the Federal Reserve has recently reduced holdings, Laipply advocated for a gradual adjustment to take … Read more
In Western Australia’s Kununurra town, thousands of residents face significant inconvenience due to the lack of ATMs and bank branches. This development comes in the wake of Australia’s shift towards a cashless society, resulting in many banks, including the Commonwealth Bank (CBA), National Australia Bank (NAB), and Westpac, closing their physical branches. In the study, … Read more