foreign

Nigeria Foreign Exchange Crisis: Central Bank Eliminates Exchange Rate Cap for International Money Transfer Operators

Nigeria Foreign Exchange Crisis: Central Bank Eliminates Exchange Rate Cap for International Money Transfer Operators

Benito CormiFeb 4, 20242 min read

The Central Bank of Nigeria Removes Caps on Naira Payout Rates The Central Bank of Nigeria (CBN) made an announcement on January 31 that it has…

Central Bank Governor of Russia Welcomes Crypto Adoption in Foreign Trade

Central Bank Governor of Russia Welcomes Crypto Adoption in Foreign Trade

Benito CormiFeb 1, 20242 min read

Russian Central Bank Considers Crypto in Foreign Trade The Bank of Russia is exploring the potential use of central bank digital currencies (CBDC) and cryptocurrencies for…

Temporary Suspension of Foreign Spot Bitcoin ETF Transactions by Two South Korean Brokerages

Temporary Suspension of Foreign Spot Bitcoin ETF Transactions by Two South Korean Brokerages

Wyatt NewsonJan 12, 20243 min read

Two South Korean Brokerages Halt Transactions of Foreign Spot Bitcoin ETFs Two major South Korean securities firms, Samsung Securities and Mirae Asset Securities, have suspended transaction…

Regulatory Warning Forces Suspension of Foreign Spot Bitcoin ETFs by Samsung Securities and Mirae Asset in South Korea

Regulatory Warning Forces Suspension of Foreign Spot Bitcoin ETFs by Samsung Securities and Mirae Asset in South Korea

Theon BarrettJan 12, 20243 min read

Major South Korean Securities Firms Suspend Spot Bitcoin ETF Brokerage Services Several major securities firms in South Korea have suspended the brokerage services of spot bitcoin…

Turkey Withdraws from Foreign Exchange Protected Deposit Program, Reports Say

Turkey Withdraws from Foreign Exchange Protected Deposit Program, Reports Say

Benito CormiJan 3, 20242 min read

Turkey Ends Foreign Exchange-Protected Deposit Program Turkey has made another policy u-turn by ending its foreign exchange (FX)-protected deposit program. Treasury and Finance Minister Mehmet Simsek…

India takes strict action against Binance and eight other foreign exchanges in crackdown

India takes strict action against Binance and eight other foreign exchanges in crackdown

Noah RyptonDec 28, 20232 min read

India Issues Compliance Notices to Binance and Other Offshore Exchanges India’s Ministry of Finance has sent compliance show cause notices to Binance and eight other offshore…

India’s Finance Ministry Aims to Restrict Binance and Other Prominent Foreign Exchanges

India’s Finance Ministry Aims to Restrict Binance and Other Prominent Foreign Exchanges

Wyatt NewsonDec 28, 20232 min read

Indian Finance Ministry Issues Compliance Notices to Offshore Crypto Exchanges The Indian finance ministry has sent compliance show-cause notices to nine offshore cryptocurrency exchanges, including Binance,…

China’s Foreign Exchange Administration Cracks Down on a $2.2 Billion Cryptocurrency Exchange Network

China’s Foreign Exchange Administration Cracks Down on a $2.2 Billion Cryptocurrency Exchange Network

Benito CormiDec 26, 20233 min read

The Chinese Government Cracks Down on Underground Bank Using Crypto for Illegal Exchange The Chinese State Administration of Foreign Exchange (SAFE) has taken action against an…

Argentina’s Foreign Minister Allows BTC Denomination for Financial Contracts

Argentina’s Foreign Minister Allows BTC Denomination for Financial Contracts

Benito CormiDec 24, 20232 min read

Financial Contracts Can Now Be Denominated in Bitcoin The Argentinian government has announced that financial contracts can now be denominated in Bitcoin or any other medium…

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