Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
The prominent NFT project is on the verge of parting with a significant portion of its treasury as disillusioned investors prepare to make their exit.
Michael Barr, the head of the central bank's regulatory division, emphasized that the Federal Reserve is currently in the preliminary research stage and would require official legislation from Congress to formalize any action.
State officials in Saudi Arabia have reminded citizens that trading in cryptocurrency is illegal in the country. This reminder comes following the recent emergence of virtual currency trading promotions in the Arab nation. The Kingdom of Saudi Arabia recently reinforced its stance on the illegality of cryptocurrency trading in the country.
Crypto is legal in Russia but is restricted. Banks and exchanges have to be registered by the Central Bank and crypto cannot be used as a payment method. Saudi Arabia. Once banned, Bitcoin is now legal in the country. Banks, however, are banned from participating.
Although cryptocurrencies are regarded as illegal in Ghana, the Bank of Ghana sees blockchain’s potential and are assessing how to fit it into their financial structure. Nepal. Nepal’s central bank has banned Bitcoin because it is not a legal currency. The Republic of Macedonia.
In Egypt, the Grand Mufti, Sheikh Shawki Allam, endorsed a ban on digital currency trading, saying that it is fraudulent, cheating, and forbidden in Islam. In February 2018, Saudi Arabian bank, Al Rajhi Bank, announced that it had run a successful trial using Ripple technology.
The kingdom of Saudi Arabia reigns over a giant desert, sitting on top of big pools of oil. So why, then, is it attempting a hostile ...
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