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18 Apr 23

Bitcoin adoption blamed for El Salvador’s negative foreign investment balances

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Reports indicate that in 2022, El Salvador recorded a negative balance in foreign direct investment (FDI). Some blamed bitcoin, while others blamed the political issues. Negative FDI balance for El Salvador A report by The Central Reserve Bank of El Salvador […]

Pro Russian military groups are using cryptocurrency to raise funds Blockchain intelligence firm

11 Jan 23

Russia pushes foreign CBDC transactions as sanctions tighten

Amidst continuous sanctions imposed on Russia for its invasion of Ukraine, the country is accelerating its CBDC program. According to the Jan. 9 report, Russia’s central bank will research two potential cross-border settlement solutions as part of its intentions to move forward with the country’s digital ruble in the first quarter of 2023. The first […]

04 Jan 23

Indians moved cryptos to foreign exchanges in 2022

Research shows that India’s new tax policy has driven the country’s cryptocurrency users away from national exchanges over the last year. According to a new report from the Esya Centre, Indian citizens have moved over $3.8 billion in trading volume from local to international cryptocurrency exchanges since the country announced new tax rules for blockchain-based […]

Crypto Regulations international version non US countries

01 Jan 23

U.K. activates new crypto tax policy to encourage foreign investment

Effective Jan.1, 2023, the U.K. will offer tax relief for crypto foreign investors who purchase digital currencies via regulated brokers and investment managers. This is as the region takes concrete steps to become a favorable environment for crypto investors. More foreign investors in the country Today, foreign investors can purchase crypto through local brokers and […]

Japans 1 Trillion Crypto Market May Ease Onerous Listing Rules

26 Dec 22

Japan to lift its ban on foreign stablecoins in 2023

Japan’s Financial Services Agency (FSA) is set to lift the ban on foreign-issued stablecoins in 2023. The newly revised stablecoin act aims to regulate all virtual currencies and limit their issuance to banks and fund transfer companies, which can present collateral assets. The FSA plans for stablecoins in Japan would give domestic entities the power […]

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