Cryptocurrency news - Business
Is Walmart gearing up to enter the Metaverse?
It appears that retail giant Walmart Inc. is getting ready to enter the Metaverse with patent filings indicating that it plans to create its own cryptocurrency and NFT collection. The multinational retailer filed several new trademarks with the U.S. Patent and Trademark...
Chia Network Launches Native Peer-to-Peer Trading Services for Wallet Holders
Chia Network, the energy-efficient, blockchain and smart transaction platform created by BitTorrent founder Bram Cohen, is launching native, peer-to-peer exchange services for Chia wallet holders, the company said Tuesday. To support the product, called Offers, the company sai...
India’s Central Bank Creates Fintech Department as Challenges Posed by Crypto, CBDC Grow
India’s central bank has created a dedicated department for fintech challenges, which includes a pair at their doorstep: framing cryptocurrency regulations and a central bank digital currency (CBDC). The move by the Reserve Bank of India (RBI) comes a fortnight aft...
China’s central bank releases pilot version of digital yuan wallet
As China’s central bank steps up its effort to create a digital currency, the country has released a pilot edition of its digital yuan wallet application on mobile phone app stores. The People’s Bank of China (PBoC) digital currency research institute develop...
Korean government tells Apple and Google stores to take down P2E games
The South Korean government has moved to block the release of new play to earn (P2E) games and requested that existing ones be removed from Google Play and Apple’s App Store. P2E gaming has become popular in the cryptocurrency industry. Gamers typically must first purchase...
Bank of Russia to allow crypto investment via foreign firms: Report
Russia continues sending mixed signals to the cryptocurrency markets as more reports provide details on the country’s upcoming crypto regulation. Shortly after Bank of Russia governor Elvira Nabiullina announced the Bank’s intention to prevent the local financial syst...
Cyprus’ finance ministry recommends ‘capacity building’ for crypto
Cyprus is moving to regulate the cryptocurrency industry, with the country’s finance ministry releasing a national risk assessment on crypto. Published on Monday, the official documentation provides a risk assessment for the Republic of Cyprus regarding money laundering ris...
Bank of Russia Bars Mutual Funds From Investing in Crypto
The Bank of Russia, the country’s chief financial regulator, issued new rules for the country’s mutual funds in a directive published Monday. Such funds cannot invest in digital currencies or in “financial instruments, the value of which depen...
Korean crypto investment firm Hashed reportedly under tax investigation
Crypto investment firm Hashed is currently under investigation by the National Tax Service (NTS) in South Korea according to local media. The 4th Bureau of Investigation from the Seoul Regional Tax Office, which is handling the investigation, is best known for conducting...
Indonesia’s Central Bank Wants to ‘Fight’ Crypto With CBDC
Indonesia is considering developing a central bank digital currency (CBDC) as one way to counter the use of cryptocurrency in the country. Juda Agung, an assistant governor of Bank Indonesia, said in the parliament that a digital rupiah would address the effect crypto...