Tag: CryptoPolicy

Trading of cryptocurrencies like Bitcoin has been declared forbidden for Muslims by the national council of Islamic scholars in Indonesia, as the popularity of digital currencies grows in the world’s largest Muslim-majority country. How Indonesian Muslim crypto enthusiasts find a way around Islamic fatwa, Erwin Renaldi and Hellena Souisa said on ABC News. Key points:…

A comprehensive digital transformation of the financial sector in Bahrain includes rolling out a Digital Dinar but does not adopt the crypto sector. The head of the Central Bank of Bahrain (CBB) warned against cyber-crime and dealing with cryptocurrency, speaking during the press conference on Saturday. Plans of digital transformation of Bahrain’s financial sector include…

Meta, ex-Facebook, on Wednesday announced its decision to reverse its long-standing policy that prevented most cryptocurrency companies from running ads on its services. The company’s new policy is huge for the crypto industry and will allow more retail investors to access cryptocurrencies than ever before. Citing greater government oversight and a more mature market for…

Amid the latest price surge, propelling the crypto market above $3 trillion, Germany’s new chancellor Olaf Scholz warned over a “tulip bubble” developing over the crypto market, calling to keep “the currency monopoly” in the “hands of states.” “I would doubt whether [Bitcoin and cryptocurrencies have] any prospects as a currency model,” Scholz, who has…

India is on track to ban all but a few private cryptocurrencies after the government announced Tuesday the upcoming introduction of a new financial regulation bill. Indian crypto exchanges have already suffered panic selling over crypto bill confusion. The Cryptocurrency and Regulation of Official Digital Currency bill will create a facilitative framework for an official…

The World Economic Forum (WEF) published a resource suite about digital assets, including central bank digital currencies (CBDCs) and stablecoins. More than 85 members of the WEF Digital Currency Governance Consortium contributed eight white papers to inform lawmakers and individuals in the private sector. The World Economic Forum announced on Friday its Digital Currency Governance…