Tokenization is promising but decentralized cryptos are flawed — BIS
According to the BIS, cryptocurrencies do not have the same level of trust as regular money issued by central banks.
Policy
RBZ finalizes P2P platform for gold-backed CBDC
The move is aimed at reducing the demand for US dollars and providing an alternative currency and store of value.
Nigeria’s SEC warns against ‘Binance’ — just not that Binance
The Nigerian capital market regulator says “Any member of the investing public dealing with the entity is doing so at his/her own risk.”
CAR’s parliament passes law on tokenization of its resources
Non-nationals of the country can now hold rights to the country’s mineral resources by investing in the Sango coin.
Q&A: Blockchain Association of Kenya offers a breakdown of proposed tax bills
Kenya has proposed at least three crypto-related tax bills over the past year — two since April 2023. Here’s what these proposals mean for you.
France national who purchased Ferrari with bitcoin in Morocco gets an 18-month jail term
The accused, who claimed ignorance of the ban on cryptocurrency in the country, was also directed to pay fines of up to €3.8 million.
CBDCs, like the eNaira, are potentially risky, IMF official says
The IMF MD believes retail CBDCs may result in “unforeseeable” results for central banks.