The European Central Bank (ECB) has recently come under fire by the cryptocurrency community for the publication of its paper on ‘The Distributional Consequences of Bitcoin’. The report states that the first comers to the market make their profits at the expense of the last ones, which raises the stakes ... Read more
The Dubai Financial Services Authority (DFSA) has granted Ripple preliminary approval to expand its services within the Dubai International Financial Centre (DIFC). This vital development elevates its status worldwide and introduces frictionless payment solutions worldwide including its primary service Ripple Payments Direct (RPD) in the UAE. Ripple could enhance its ... Read more
Russia has approved new laws for the legal mining of cryptocurrencies and the use of cryptocurrencies in cross-border transactions. The bills were signed by President Vladimir Putin on August 8, indicating a significant shift in the country’s stance toward digital currencies. The new laws will be implemented in September for cross-border transactions ... Read more
