In many African countries, remittances play a crucial role, sometimes making up as much as 20% of the GDP. However, traditional money transfer methods suffer from prohibitively high fees,...
Amid the surge in blockchain technology’s prominence, Hong Kong is firmly in support. The financial secretary of Hong Kong, Paul Chan Mo-po, has raised his support for blockchain technology,...
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have proposed regulations that aim to “close the tax gap” in the sale and exchange of digital...
NEW YORK, Aug 11 (Reuters) – Sam Bankman-Fried is heading to jail after a U.S judge on Friday revoked his bail, finding probable cause that the indicted founder of...
Payments giant PayPal (PYPL.O) said on Monday it has launched a U.S. dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers....
Crypto exchange Binance’s activities are illegal in Nigeria, the country’s Securities and Exchange Commission said in a Friday notice that also ordered all crypto platform providers to stop soliciting...
Tax systems need updating to cope with crypto assets, whose anonymity and decentralized nature poses challenges—not least for the value added tax. Crypto assets that can be used as...
Utopia Labs, a Paradigm-backed payments firm, launched a new service allowing U.S-based firms to send USDC to domestic bank accounts on July 20. The new product seeks to limit...
A new lawsuit filed in bankruptcy court by FTX’s caretaker leadership against Sam Bankman-Fried and other senior FTX executives alleges that Bankman-Fried’s father is bankrolling the failed crypto mogul’s...
The Financial Stability Board (FSB) today published its global regulatory framework for crypto-asset activities to promote the comprehensiveness and international consistency of regulatory and supervisory approaches. Final recommendations incorporate...