Author: Tolu Okuwoga

Tanzania Central Bank Reportedly Prepares To Launch CBDC |


Tanzania has reportedly started exploring a Central Bank Digital Currency (CBDC). The country is following the footsteps of Nigeria, which launched its own digital currency last month. Other African countries have similarly announced plans to launch CBDCs. Tanzania Explores CBDC Read More

South Korea Financial Regulator May Impose Tax On NFTs |


Amid the ongoing controversy surrounding virtual asset taxation in the country, South Korea’s Financial Authority recently proclaimed non-fungible tokens (NFT) as taxable. On Tuesday, The Financial Services Commission (FSC) of South Korea, announced that it would start taxing NFTs. According Read More

FC Barcelona Terminates Two Weeks Old Contract With NFT Marketplace Ownix |


The non-fungible token (NFT) market has exploded in recent months. It has seen adoption in many different sectors, including music, food, and sports. Earlier this month, FC Barcelona announced a partnership with premium NFT marketplace Ownix to make the Club’s NFTs. This partnership Read More

El Salvador Announces World’s First Bitcoin City, Backed By $1B Bitcoin Bonds

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El Salvador is currently the only country in which Bitcoin (BTC) is legal tender. This move has witnessed many developments, as well as some pushback. Amid protests, technical glitches, and inevitable market volatility, El Salvador continues to drive BTC adoption. Read More

IRS Seized Crypto Worth $3.5 Billion This Year, Predicts Even More In 2022 |


The United States Internal Revenue Service (IRS) on Thursday published its annual Criminal Investigation (CI) report. During the fiscal year of 2021, the agency reported that it seized $3.5 billion worth of crypto. According to the latest criminal investigation report, this figure Read More

Small U.S. City Installs First Government-Backed Crypto ATM In Airport |


Williston, a small city with just over 27,000 residents – as of 2019, is making strides in the $2.5 trillion cryptocurrency world. The city has announced a partnership with crypto services company Coin Cloud to install a crypto ATM as its airport. Related Reading Read More

Brazilian Lawmaker Proposes Integration Of Crypto Payment Option For Workers |


As crypto adoption steadily increases, more and more institutions are considering it as a payment option for employees. A member of Brazil’s Chamber of Deputies, Luizão Goulart, proposed a bill to provide public and private sector workers with a crypto payment option. Read More