#Cryptocurrency Adoption News

Gold-Based Cryptocurrency to Go Live in the UAE

September 9, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Golden M Group, a firm based in the United Arab Emirates has announced plans to launch Coin M, a gold-backed, distributed ledger technology (DLT) powered virtual currency that would enable high income as well as low income level investors to purchase the crypto asset and double their investment within a...

Swiss Regulators Award First Banking Licenses to Blockchain Banks

August 28, 2019 by Anthonia Isichei at Regulation

FINMA, Switzerland’s financial regulatory body, recently awarded its first banking and securities dealers’ licenses to two Swiss blockchain banks, according to a report by Finews on August 26, 2019. The license comes after the regulatory body released a guideline regarding cryptocurrency and blockchain in the country. Swiss Watchdog Grants Conditional Licences ...

Xendpay Joins RippleNet for Real-time Cross-Border Payments

August 22, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Ripple

Xendpay, a London-based international money transfer service has joined RippleNet, a blockchain-based global payments network to enable millions of people to send real-time cross-border payments in their local currencies. The move will also allow Xendpay to stay ahead of its competitors by offering low-cost remittance services according to a blog...

NBA Team Maverick Is Now Accepting Bitcoin as a Payment Method

August 15, 2019 by Edoardo Vecchio at Adoption

According to an official announcement made on Twitter on August 13, 2019, NBA team Dallas Mavericks, known as "the Mavs," will start to accept bitcoin (BTC) as a payment method for game tickets and merchandise. Mark Cuban is a Man of his Word American professional basketball team Dallas Mavericks (often...

Kenyan hands receiving kenyan cryptocurrencies

Kenya’s Blockchain Task Force Advises Government to Consider Initial Coin Offerings

July 30, 2019 by Anthonia Isichei at Altcoins

The blockchain and cryptocurrency task force established by the Kenyan government is requesting that the authorities enable the development of initial coin offerings (ICOs). According to a report on iTWeb Africa on July 29, 2019, the country’s task force believes that ICOs would help local startups fund projects. ICOs to Help...

Kenya Should Pursue Cryptocurrency Adoption, Says National Blockchain Task Force

July 25, 2019 by Osato Avan-Nomayo at Regulation

A crypto and blockchain think tank in Kenya is advising authorities to focus on ensuring cryptocurrency adoption in the country, reports CGTN Africa, July 25, 2019. Meanwhile, there hasn’t been much progress regarding the issuance of standardized regulations for digital assets in Kenya but the central bank says the Facebook...

Two people arguing over a Bitcoin Sunflower

High Bitcoin Predictions and Conflicts Resurface Amidst Crypto Spring

May 29, 2019 by Anthonia Isichei at Bitcoin, News

In the wake of the current crypto spring, analysts and commentators have shown optimism for the crypto market and have made comments that generally reveal that bitcoin’s bull run is likely to skyrocket before the close of 2019. One of such commentators, Jehan Chu, in a recent interview with Bloomberg on May 28,...

There he is Robin Matze looking at us with BTCManager in the back

Interview with Robin Matze, Blockchain Lawyer and Advisor to the German government

May 27, 2019 by Tokoni Uti at Investment, Regulation

There are few things more complex than Blockchain and crypto legislation, especially when it comes to getting laws passed that will bring about adoption. BTCManager speaks with Robin Matze, a blockchain lawyer and advisor to the German government about how to get those in positions of power to embrace blockchain...

Russia Central Bank Mulls Gold Standard for National Cryptocurrency

May 25, 2019 by Anthonia Isichei at Adoption, News

Russia’s Central Bank could be considering a gold-pegged cryptocurrency, according to a report by Russian news agency, RIA on May 23, 2019. However, the apex bank states that virtual currency would not act as a substitute for the Russian Ruble. Gold-Pegged 'Crypto-Ruble' a Possibility The Bank of Russia hinted at a meeting at State...

ECB: Cryptocurrency Doesn’t Pose a Material Risk to European Financial Stability

May 24, 2019 by Anthonia Isichei at News, Regulation

According to an article released by the European Central Bank (ECB), the cryptocurrency sector does not have a considerable influence to threaten the European Union (EU) financial sector. Global Government Forum reports that the existing regulatory framework helps manage risks associated with bitcoin and other virtual currencies. Cryptocurrency Won't Disturb Mainstream Finance...

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