Honduras’ Prospera Economic Zone, situated on Roatan Island, has officially recognized Bitcoin as a unit of account. This significant move acknowledges Bitcoin’s role in various commercial, fiscal, and financial transactions. The announcement was made by Jorge Colindres, the acting manager and Tax Commissioner of the zone, who provided details on the criteria that legal entities […]
Próspera, a special economic zone in Roatan, Honduras, has officially recognized Bitcoin as a unit of account less than two years after adopting it as legal tender. This means Bitcoin can now be used to measure the market value of goods and services in the area. The initiative was led by Jorge Colindres, the acting […]
The Honduran Special Economic Zone, Prospera ZEDE, has officially recognized Bitcoin as a unit of account, a significant milestone in the regional acceptance of cryptocurrencies. This announcement was made by Jorge Colindres, the acting manager and Tax Commissioner of the zone, and provides clarity on the conditions that legal entities must meet to adopt Bitcoin […]
Tether, a prominent player in the cryptocurrency market, anticipates that Argentina’s impending dollarization will spur the use of stablecoins, particularly USDT, for everyday transactions. This shift is expected to have significant implications for the Argentine economy and cryptocurrency users.Javier Bastardo, Tether’s PR manager for Latin America, believes that dollarization in Argentina is inevitable. He suggests […]
Tether’s forecast about dollarization in Argentina and the rise of stablecoins has sparked a fascinating debate about the future of money and the economy. With the potential shift in Argentine monetary policy and the growing popularity of cryptocurrencies, we may be witnessing the birth of a new financial era. The financial world is changing, and […]
Blockchain intelligence firm TRM Labs has revealed that groups associated with the Democratic People’s Republic of Korea (DPRK) were behind approximately 33% of all cryptocurrency thefts through hacks in 2023. The firm’s research, published on January 5, suggests that North Korean hackers may have stolen up to $700 million in cryptocurrency in 2023, with $600 […]
In a recent revelation by TRM Labs, North Korean hackers have been implicated in significant cryptocurrency thefts in 2023, accumulating at least $600 million. The total stolen amount could potentially reach $700 million if additional hacks at the end of the year are confirmed to be the work of North Korea. Despite a 30% decrease […]
The Spanish Central Bank has announced the finalization of its partners for a six-month pilot program aimed at simulating interbank payment processing and settlement. The program will utilize a single tokenized wholesale Central Bank Digital Currency (CBDC) as well as other foreign CBDCs issued by various central banks.This pilot program is a significant step towards […]
The Central Bank of Nigeria has approved the launch of the cNGN stablecoin, which is set to pilot in February. This stablecoin is being introduced as an alternative to a Central Bank Digital Currency (CBDC) and aims to bring about a revolution in remittance and global trade efficiencies.The cNGN stablecoin is expected to provide a […]
The Central Bank of Nigeria (CBN) has given approval to the Africa Stablecoin Consortium (ASC) to pilot the cNGN stablecoin in its regulatory sandbox. The cNGN stablecoin, developed by a collaboration of Nigerian banks and fintech operators, is set to launch on February 27, 2024.The Africa Stablecoin Consortium has stated that the cNGN stablecoin complies […]
