Citizens Financial News

25.01 / 02:21

UPS Digital Citizens Bitcoin Holdings Investigations South Korea: Bitcoin investigations to ascertain household holdings

2021 was a year of change in South Korea as the administration announced several legislations in the crypto-space. And now, at the start of 2022, a new announcement from the National Statistical Office reportedly states that it will investigate holdings of households for virtual assets.

24.01 / 12:45

Provident Digital Citizens Strategy Biden's Administration to Release Crypto Strategy on Digital Assets Next Month

U.S. President Joe Biden's administration is working on an initial government-wide strategy on digital assets for release next month, Bloomberg reported last Friday.

22.01 / 02:17

Digital Citizens Here’s why the Fed isn’t very optimistic about a U.S dollar CBDC despite benefits

After being in the pipeline for quite some time, the U.S Federal Reserve’s white paper on the development of central bank digital currency (CBDC) was finally released on Thursday.

27.12 / 15:21

COST UPS Citi Citizens Jail Time UAE to impose jail time, high fines on those promoting rogue cryptos and scams

Crypto scams, rug pulls and other such cybercriminal activities have continued to act as a major bane for the cryptocurrency industry that is still striving for mainstream acceptance. In just the previous year, such scams cost investors over $7.7 billion after noting a record spike of 81%.

20.12 / 23:31

Digital Citizens CEO Bitcoin Mind $67B in cryptos, but does that figure change Russia’s mind about crypto-investments

Russia’s cryptocurrency sector is going through a tumultuous time right now, with the Central Bank of Russia (CBR) doubling down on its efforts to crack down on cryptos in an effort to push its Digital Ruble. Despite this, the digital asset industry in the country appears to be booming, according to a State Duma member.

15.12 / 21:15

Digital Citizens Progressive Platform National National Bank of Kazakhstan releases report on results of CBDC pilot project

In the crypto world, Kazakhstan made a name for itself as the safe haven offering refuge to crypto miners fleeing China’s crackdowns. But the country is also active when comes to other parts of the fintech economy.

14.12 / 22:38

Twitter Digital Citizens Bitcoin India: Opposition wants government to clear its position on crypto

The opposition has been asking the Indian government to clear its crypto position after PM Modi’s Twitter handle was briefly compromised, and a crypto tweet started making rounds.

14.12 / 21:16

Digital Citizens Platform Bitcoin Brazil’s only stock exchange, B3 to test the crypto-waters amid rising interest

Brazil’s regulators have been keeping a soft stance when it comes to the crypto sector. Recently, several proposals were introduced in Brazil’s Congress, aiming to achieve regulatory clarity in the crypto sector. Some of the suggestions reportedly included tax exemptions on renewable crypto mining, currency status of digital assets, and the role of the securities regulator as the crypto supervisor.

14.12 / 00:52

Digital Citizens AIM crypto sector Russian regulators aim to increase legislation in the crypto sector

The Investigative Committee of Russia might be looking to exert more influence over the crypto sector. In a recent interview, Alexander Bastrykin, Chairman of the Investigative Committee of Russia said that the decentralized nature of the issuance of digital currency does not allow for full state control in the area.

13.12 / 18:24

COST IPO Citizens Aware Your Money: Why reverse annuity mortgage has few takers

By Prashant Das

13.12 / 17:19

Digital Citizens Extreme CEO India to regulate crypto, avoids outright ban

The note reportedly states that cryptocurrency will not be recognised as legal currency, and describes the currency as “cryptoassets”. These assets will be regulated by India’s markets watchdog, the Securities and Exchange Board of India (SEBI), and citizens will be required to declare their assets and refrain from keeping them on exchanges outside the country.

12.12 / 15:21

Digital Citizens Tether USDT Myanmar’s government in exile ‘officially recognizes’ USDT for usage

Myanmar is currently in the middle of a crisis on a lot of fronts. Especially since the NLD’s elected government was toppled in a military coup back in February. The COVID-19 pandemic seems to have aggravated the situation even further.

09.12 / 18:29

Provident Citizens Bitcoin Report reveals India may restrict exchange-to-exchange transfers, introduce crypto wallet

India is set to soon introduce its revised crypto bill in the ongoing Winter Session of the Parliament. Meanwhile, there is a lot of chatter as to what that bill will incorporate. As per a local source-based report, the bill might restrict crypto exchange-to-exchange transfers.

08.12 / 09:11

IPO Booking Citizens CEO How to save on extra charges when sending money overseas

As people move to different countries for reasons like study, medical treatment, vacation, employment etc, there are needs for sending money to other countries or receiving money from abroad. However, apart from fluctuating money exchange rates, there are other charges involved in transferring money from one country to another.

08.12 / 03:25

Blockchain Digital Citizens Bitcoin ‘We are definitely almost there,’ Zimbabwe’s central bank governor on CBDC

Zimbabwe’s central bank Governor John Mangudya said in a recent interview, that the country is looking at a digital currency backed by the regulator at the moment, rather than cryptos like Bitcoin. Mangudya said,

06.12 / 22:19

UPS IPO Citizens Features Aditya Birla Health Insurance launches Activ Health Essential Plan for senior citizens – Check features

Aditya Birla Health Insurance has launched ‘Activ Health Essential’, an affordable health solution plan for the special health needs of senior citizens. This plan will offer coverage from day one of chronic health management, along with optional benefits to waive off mandatory co-payment. The senior citizen plan also comes with counselling support and health coaching features that are so important for senior citizens.

03.12 / 15:23

Digital Citizens Extreme CEO India to regulate crypto, avoids outright ban

01.12 / 13:18

Facebook IPO Provident Citizens YOUR QUERIES: INCOME TAX: No tax benefit on loss on FD due to insolvency of finance company

By Chirag Nangia

28.11 / 20:27

Ethereum Booking Citizens Bitcoin El Salvador and why hasty crypto-adoption isn’t the way to go

There has been a lot of pomp and celebration going around. Just recently, before corrections set it, Bitcoin hit its latest all-time high on the charts.

26.11 / 15:19

Waves Digital Citizens Bitcoin Bank of England Governor raises concerns about El Salvador’s Bitcoin adoption

Two months after El Salvador scripted history to become the first country to officiate Bitcoin as legal tender, proponents of the financial industry still don’t seem completely sold on the idea. Andrew Bailey, who is the Governor of the Bank of England, recently raised concerns about the same while speaking at a conference, according to Bloomberg.

24.11 / 14:59

Twitter Digital Citizens Tether Cryptocurrency Ban: Government's Plan To Ban Cryptocurrency Leads To Heavy Selling, Say Investors

Plans by the Indian government for a new bill that would bar most private cryptocurrencies has triggered heavy selling in the country's digital currency markets, as investors look to exit positions despite the losses, said traders and investors.

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