Legislators Push For Use Of Stablecoin Crypto As Bail Bond.
New York state legislators have proposed certain amendments to the law that could allow residents to settle bail bonds in stablecoins instead of fiat currency. The bill could become official six months after the relevant regulators greenlight it. Domestic lawmakers…
South Africa Enters Into Second Phase of It’s Central Bank Digital Currency Project.
South Africa’s apex regulating bank, the Reserve Bank Of South Africa (SARB) announced that it will examine how to utilize properly the benefits inherent CBDC and stablecoins usage among institutions in the next phase of its digital blockchain technology project…
Nigeria eNaira CBDC Facing Challenges, CBN Contracts US Firm To Improve The Digital Currency.
Following continuous actions to create an efficient digital currency, the Central Bank of Nigeria is turning to a New York tech firm to revamp the underlying technology. According to a Bloomberg report, the CBN is in talks with new ‘technology…
Binance Stablecoin, BUSD Faces Scrutiny In The US.
Paxos Trust Company, the firm behind Binance’s stablecoin, said the U.S. Securities and Exchange Commission (SEC) has told the company it should have registered the product as a security and is considering taking action against the platform, as New York…
Nigeria Stablecoins And ICOs Legal Framework In The Pipeline.
Nigeria Central Bank has declared its readiness to accept the existence of private stablecoins as well and the necessity to create a legal framework for stablecoins is defined in the latest central bank strategy paper. Published under the headline “Nigeria…
Crypto Market Rate Update For Saturday, 24th September, 2022: Naira to USD (USDT).
Saturday, 24th September, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over…
Crypto Market Rate Update For Friday, 23rd September, 2022: Naira to USD (USDT).
Friday, 23rd September, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over…
CBDC: e-Cedi Will Not Affect MTN MoMo Vendors’ Business, says Bank Of Ghana
The Bank of Ghana has assured citizens that the e-cedi, the country’s central bank digital currency (cbdc), will not disrupt the MTN mobile money (MoMo) system. According to the apex bank governor, the implementation will rather be a positive one…
East African Central Banks Raise Doubts on Regional CBDC by 2024
The East African currency project in 2024 collapsed after the EAC Council of Ministers, the central decision-making and governing organ of the EAC, resolved that this deadline is not feasible, citing delays by member countries in realizing targets set out…
Breaking: CBN to Enable eNaira USSD Transfer Next Week
Starting from next week, Nigerians will be able to open an eNaira wallet and conduct transactions by simply using a designated USSD code on any phone. The e-Naira ussd code is *997# which can be used to open the e-Naira…