Crypto volatility is not that bad says Australian Mayor Tom Tate
Mayor Tom Tate of the Gold Coast, Australia, has suggested that people could use cryptocurrencies to pay local taxes in the future, however, detractors have raised concerns about crypto volatility and the current market fall. “Why can’t we pay rates on cryptocurrencies if the risk isn’t high?” Tate asked local news station ABC News on […]
Goldman Sachs Survey Reveals Insurers Are Preparing For Bitcoin And Cryptocurrency
According to a Goldman Sachs survey, many of the crypto insurers are from the United States. Goldman Sachs, the Wall Street banking giant, recently released data from its annual insurance survey. Surprisingly, the survey included a view on cryptocurrencies for the first time. According to a survey of nearly 328 top executives from insurance firms, […]
Bermuda island reaffirms plan to become crypto hub
The Bermuda government confirms its ambition to become a cryptocurrency hub, despite the recent volatility of the crypto market. According to Bermuda’s minister of industry and labor , Jason Hayward, the small island state known for its stunning pink sand beaches and favorable taxation rules has been actively building its crypto sector since 2017. On […]
Bank of Uganda allows crypto firms in its regulatory sandbox
The Bank of Uganda is considering allowing cryptocurrency businesses to participate in its Regulatory Sandbox, and has invited members of the Blockchain Association of Uganda (BAU) to share their expertise with the central bank. A June 1 letter from the bank to Kwame Rungunda, the BAU’s chairperson, mentioned a meeting between the two parties in […]