CBN Could Have Regulated Blockchain in 2021 – Convexity CEO
At the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023 in Abuja, Adedeji Owonibi, CEO of Convexity, said the Central Bank of Nigeria should have created a blockchain regulation strategy in 2021. In the panel titled The Future of Digital Assets: Regulatory Uncertainty and the Way Forward, the panelists discussed why […]
Coinbase Launches Crypto Lending for US Institutional Investors
Coinbase has reportedly launched a crypto lending service for institutional investors in the United States to capitalize on the crypto lending market’s enormous failures. Bloomberg reported on September 5 that Coinbase has discreetly launched an institutional-grade crypto lending platform, Coinbase Prime, for U.S. investors. Coinbase Prime is a prime brokerage platform that allows institutions to […]
Crypto Venture Capitalists to Invest in Blockchain Gaming, NFTs
A group of cryptocurrency venture capitalists has created a $20 million fund to invest in undervalued Web3 projects and companies focused on blockchain gaming and digital collectibles. Alpha Protocol Ventures (APV) will seek to invest in various Web3 ecosystem initiatives, its CEO and founder Vagelis Diamantis told Cointelegraph via email. According to him, gaming and […]
CBDCs Will Displace Private Banks – Russian Lawmaker
According to a Russian lawmaker, central bank digital currencies (CBDCs) and blockchain technology will likely displace traditional institutions. RIA reported that Anatoly Aksakov, chairman of Russia’s parliamentary financial committee and a prominent Bitcoin skeptic, has predicted that the traditional banking system will “fade away” by adopting the digital ruble. “I believe the role of banks […]
FSA Japan Proposes to Alter Tax Code on Crypto, Digital Assets
The Japanese Financial Services Agency (FSA) has proposed altering the tax code regarding digital assets to relieve domestic companies from the“unrealized gains” tax on crypto. The principal financial regulator of Japan, the Financial Services Agency (FSA), has decided to take crypto regulation into its own hands by proposing to alter the tax code regarding digital […]