Thailand Considers Crypto Payment As Alternative For Ukrainian and Russian Tourists

After MasterCard and Visa suspended Russian users from credit card payments, Thailand is examining other payment options to help users from the country alongside Ukrainian tourists to execute transactions. Local news outlets reveal that Thailand considers allowing Russians and Ukrainians to transact in crypto.  Phuket Tourist Association disclosed it had contacted Thailand’s central bank to … Read more

The Volume Of Ruble To BTC Transactions Reach 9-Month Peaks

Many individuals have resorted to digital assets as a shield against inflation from fiat currencies. Thus, they can hold a significant advantage when the fiat currency becomes weakened in a bad economy. Fear Of Uncertainty Is The Primary Motive Russia’s ongoing assault against Ukraine has caused many more people to convert their fiat to cryptos … Read more

Will Cryptocurrency Exchanges Abide By U.S. Sanctions on Russia?

It’s been a long week for Russia, as sanctions upon sanctions were imposed on them following their invasion of Ukraine. In the last week, the U.S. and its allies have blocked Russia from using Swift and suspended flights. Interestingly, one area of concern is how the cryptocurrency sector would react to these sanctions. According to … Read more

China Tightens Law On Cryptocurrency, Jail Sentences No Longer An Option

China isn’t done regulating cryptocurrency yet, and Thursday’s court issue is a testament that the country is out and out to stop all crypto-related activities completely. On February 24, China’s highest court amended a policy to minimize the risks of illegally raising funds through virtual currencies.  The Supreme Court revised the version of the interpretation … Read more

Kraken Advises Canadian Users to Cash Out Their Holdings Amid Protests

Amid the ongoing protests involving Canadian truck drivers, Kraken CEO Jesse Powell has told users from the country that it would not desist from complying with the authorities regarding the freezing of users’ accounts connected to the protest. While speaking of seizing assets belonging to Freedom Convoy protesters, Powell Tweeted that the Kraken exchange would … Read more

Iran Lifts Ban on Cryptocurrency Mining 

Cryptocurrency mining is an energy demanding process that takes place worldwide. However, about seven percent of the world’s cryptocurrency mining is done in Iran. This mining of cryptocurrency uses a lot of electricity and increases the demand for electricity.  Mining of cryptocurrency in Iran perhaps results from the fact that the country has the cheapest … Read more

Zimbabwe’s Finance Minister Asks Citizens To Begin Investing In BTC

Crypto utilization is mounting across the world; however, Africa has been counted as an area where there is a high adoption rate for cryptocurrency, especially among the native people. Though the countries such as Nigeria were moving in contrast to the crypto utilization, Zimbabwe has unlocked its way for the latest technology for another time. … Read more

Iran Lifts Ban on Cryptocurrency Mining 

All over the world, cryptocurrency mining is an energy demanding process. However, about seven percent of the world’s cryptocurrency mining is done in Iran. This mining of cryptocurrency uses a lot of electricity and increases the demand for electricity.  Mining of cryptocurrency in Iran perhaps results from the fact that the country has one of … Read more