The European Union invests in blockchain and new digital assets fund
The European Union through its investment Fund (EIF) has invested $30 million into the blockchain and digital assets fund, in order to support the sector. Analysts have long bemoaned the European Union’s lack of local tech giants , citing the gap between the EU and competitors such as the US and China. The EU, on […]
Think tank suggests the US-Japan digital trade should include crypto
Sale Lilly and Scott W. Harold, officials of the American policy think tank Rand Corporation have urged the US and Japan to include cryptocurrency in their bilateral digital trade pact. Rand Corporation experts presented arguments in support of their demand for crypto to be included in the digital trade agreement in an opinion article published […]
Israeli government proposes a law to track crypto accounts worth over $61K
The Israeli government is stepping up efforts to prevent tax fraud and money laundering in its economy. A new regulatory duty to place cryptocurrency users under tighter inspection is one of the measures described in a new draft bill presented by the Ministry of Finance this week. The proposed rule would require cryptocurrency users who […]
PayPal sets to launch its super app wallet
According to the CEO of Paypal, Dan Schulman the wallet app will be unique and powered by powerful AI and machine learning capabilities. PayPal, a payment processing corporation, has stated that its consumers may not have to wait long for further crypto capability on the platform. CEO Dan Schulman claimed today on PayPal’s Q2 2021 […]
The Vice president of Ghana sees a future for digital currencies in Africa
As the world moves towards digitization, Ghana’s vice president has called on Africa countries to embrace digital currencies, according to him, this will help facilitate trade between the countries. Dr Mahamudu Bawumia, Ghana’s vice president, argues that African governments must embrace digital currencies in order to promote trade across the continent. Bawumia made his case […]