Tag: laws and regulations

UAE sets out a strategy to launch CBDC

The CBUAE has engaged with two companies, G42 Cloud and R3, to support the implementation of a Central Bank Digital Currency The first...

Avoiding cryptocurrency giveaway scams

A crypto giveaway scam is a type of fraud in which scammers promise to give away large amounts of cryptocurrency in exchange for...

Report: G7 to tighten their stand on cryptocurrency regulations

Cryptocurrency trading has grown in the past year with Billions of dollars transacting every month There have been calls to put a strategy...

The modus operandi behind the elusive cryptocurrency mining scams

16 per cent of crypto users have fallen prey to crypto mining scams Cryptocurrency mining scams work by promising investors high returns on...

Zambia test cryptocurrency regulation using blockchain technology

Zambia has taken its first step towards joining the cryptocurrency-friendly countries in Africa The project which involves the Securities Exchange Commission and the...

Renewed hope for crypto regulation in Kenya

Crypto adoption and usage have remained on the rise as Kenyan investors explore new ways to preserve their wealth and carry out international transactions for individual remittances and commercial purposes, including importing goods. Crypto experts have touted the payment of imports through digital currency as quick and convenient. People do not have to buy dollars using Kenya shilling or transfer money to cash transfer firms. Nevertheless, Kenyans, mainly the youth, have previously lost their hard-earned millions in crypto scams due to a lack of regulation in the sector.

Crypto cushions Turkey & Syria from the earthquake aftermath

The earthquake that has occurred in the two countries has claimed nearly 42000 lives Turkish singer Haluk Levent publicly called on MASAK, the...

How to spot fake cryptocurrency apps

Fake cryptocurrency apps often work by tricking users into downloading them, either through deceptive adverts or by impersonating a legitimate app Fake cryptocurrency...

What we can draw from Kaspersky Global Cryptocurrency Survey

The report is based on a survey of over 12,000 people from 16 countries, providing valuable insights into individuals' attitudes and behaviours towards...

UK seeks cryptocurrency regulation before “Britcoin” CBDC launch

The UK government opened a public consultation on cryptocurrency regulation The Bank of England simultaneously released a consultation paper on "Britcoin" There could...

How to identify and avoid crypto rug pull scams

A crypto rug pull scam is a fraudulent scheme in which a cryptocurrency project team raises funds from investors and then disappears with...

The UK searches for head of CBDC, edges closer to a digital Pound Sterling

The Bank of England is working with His Majesty's Treasury to explore the feasibility of a CBDC A recent post on LinkedIn revealed...

How to spot a crypto pump-and-dump scam

The pump and dump scheme is a form of market manipulation in which a party or parties create interest in an asset that...

New rules for crypto advertising in South Africa

The Advertising Regulatory Board, added new clauses to its rules that guide cryptocurrency advertising The relative freedom with which crypto has operated in...

Kenya to impose tax on cryptocurrency

Cryptocurrency exchanges operating in Kenya are expected to pay a 20% excise duty on cryptocurrency transaction fees Where cryptocurrency sold has been held...

European Union to curb crypto mining to save energy

One Bitcoin transaction uses 1449 kWh, roughly enough to power the average African Household for approximately 100 days The European Commission suggested adjustments...