Author: Denis Staggi

The United Arab Emirates has included the development of a national digital currency (CBDC) as a point in the country’s Central Bank development strategy for 2023-2026. But the path there was not easy: initially, it was conceived of as a monetary unit for several Arab countries at once. In early July, it became known that…

The financial world is rapidly getting rebuilt using blockchain. China is ahead of its geopolitical rivals, having already adopted the digital yuan; and both businesses and private investors are putting billions in crypto and DeFi with zero central bank regulations. In these conditions, the Fed and the ECB are forced to accelerate. I confess that…

Stablecoins are cryptocurrencies pegged to traditional currencies in order to prevent volatility, and the financial authorities all over the globe have mixed feelings about them. On the one hand, these are still cryptocurrencies, and therefore are fraught with potential danger. On the other hand, they seem to confirm the authority of fiat currencies, so prohibiting…

Though not one of the Gulf states, Turkey is a Muslim country with a significant influence over the entire region. And therefore, the cryptocurrency-related events there are also very important for all blockchain projects in the Middle East. On July 19, the Turkish Ministry of Treasury and Finance announced that the cryptocurrency bill is ready…

Europe is about to take a major step towards “Sinification” by introducing total control over the cryptocurrency operations of its citizens. European regulators decided that they had found a way of denying anonymity to any cryptocurrency dealings. Ever since the first real crypto boom in 2017, European financial regulators have taken an ambivalent position regarding…

This is more of an assumption, but the progression of events, the documents being adopted, and the author’s own information sources all indicate that the state digital currency of the Union State of Russia and Belarus could arrive completely out of the blue. The dramatic events unfolding in Belarus since August of last year are…