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currency.com News The currency.com News Channel offers comprehensive coverage of all things related to currency.com and its various trading assets. It presents up-to-the-minute news, nuanced market analyses, trends, forecasts, and recent market changes. The latest two news from currency.com :
Why Is Forex Trading More Popular Than Bitcoin In South Africa?,
Thailand’s central bank warns against ‘illegal’ THT stablecoin
Why Is Forex Trading More Popular Than Bitcoin In South Africa?
Forex trading offers more stability and liquidity, while cryptocurrency is a high-risk, high reward opportunity. While South Africa is the biggest forex market in Africa, it ranks third after Nigeria and Kenya in bitcoin trading. However, like other countries, bitcoin adoption has grown significantly in the country. With the government tightening regulation on crypto, the growth of bitcoin trading in South Africa is a wait-and-see situation.
Thailand’s central bank warns against ‘illegal’ THT stablecoin
The Baht-pegged stablecoin produced by Terra has come under fire from Thai bankers.
Domino Effect: Is India the Start of Weaker Governments Banning Bitcoin?
This week, it was revealed that India would seek to impose some of the most stringent rules globally on cryptocurrencies, banning citizens from owning, trading, transferring, or mining assets like Bitcoin and altcoins. But could this be the start of a domino-like effect where other weaker governments and economies attempt to – due to strength in numbers – follow suit and starting banning cryptocurrencies also?
How Bitcoin Will Become A “Report Card” On The Government
In the future, the cryptocurrency, according to a top industry figure, will become a “report card” of sorts, scoring the government and its management of monetary policy. Here’s what that means for Bitcoin and why the asset will eventually take on such a role.
South Korea deepens probe on tax evasion via cryptocurrencies
The National Tax Service of South Korea is widening its probe of individuals using cryptocurrencies for the purposes of tax evasion.
Oakland A's major league baseball team now accepts Bitcoin for suites
If they're willing to spend their crypto holdings, baseball fans can now buy a full season, six-person suite for the Oakland A's home season at the price of one Bitcoin.
Bitcoin Could Completely Replace $5 Trillion FX Market As Base Layer Currency, Says Max Keiser
Bitcoin evangelist Max Keiser says that BTC has the potential to become the new base layer currency and replace the entire $5 trillion foreign exchange (FX) market.
Can a Digital Dollar Save the US? JPMorgan Says...It’s Complicated
“No country has more to lose” than the United States as central bank digital currencies (CBDCs) begin to roll out, claims US-based investment banking giant JPMorgan – which suggests that a “modest” digital fiat investment could potentially help safeguard dollar dominance for years to come.
China May Target Tether after Digital Yuan Launch – B2C2 Japan CEO
Tether (USDT) could emerge as an unlikely target for the Chinese central bank, the People’s Bank of China (PBoC), when it rolls out its digital yuan ahead of next year’s Winter Olympic Games, an industry player has opined.
Binance Rolls out Crypto Pay Service for Bitcoin, Ether, Fiat and More
The crypto exchange giant Binance has come good on claims last year that it was poised to join the payments sector, moving its Binance Pay platform out of beta and into the full rollout.
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