Nigeria May Open Bill Payments via eNaira CBDC: Report

Nigeria has been trying to get more citizens to adopt its national digital currency called eNaira since it was introduced last year under the slogan ‘Same Naira, More Possibilities’. The Central Bank of Nigeria (CBN) is reportedly looking to allow people to use the eNaira for day-to-day payments such as booking flight tickets and paying […]

Utah Passes Bill to Create Blockchain and Digital Innovation Task Force

The governor of the US state of Utah, Spencer Cox, has penned a bill to establish a ‘Blockchain and Digital Innovation Task Force’ in a bid to enable Utah to recommend policy actions to the US government. This comes nearly three years after talks about creating the task force started and less than two months […]

Brazil Senate Approves First Bill Governing Crypto Sector

The Senate of Brazil has passed the nation’s first bill overseeing the cryptocurrency sector. This bill, that aims at bringing the digital assets sector under Brazilian rules, is now two steps away from becoming a law. The bill now awaits approval from the Chamber of Deputies before being signed into law by President Jair Bolsonaro. […]

India’s Oil Import Bill Jumped Nearly 100% To $119 Billion In FY22

India’s crude oil import bill nearly doubled to $119 billion in the 2021-22 fiscal year New Delhi: India’s crude oil import bill nearly doubled to $119 billion in the fiscal year that ended on March 31, as energy prices soared globally following the return of demand and war in Ukraine. India, the world’s third-biggest oil […]

New Tea Bill Proposes An End To Redundant Provisions And Licences: Report

Draft tea bill proposes to remove licenses, archaic provisions: Report New Delhi: The draft tea bill intends to remove archaic or redundant provisions, do away with licences, promote ease of doing business and boost exports from the sector, an official said. The commerce ministry has proposed to repeal the 68-year old Tea Act 1953 and […]

Brazil’s Crypto Regulatory Bill Likely to Bag Congress Approval Soon

Brazil has trailed along with India, UK, and Australia among other nations that has chosen to regulate the crypto sector rather than restricting it like China. The National Congress of Brazil is reportedly expected to give approvals to the crypto bill within the first half of 2022 itself. Once Brazil gets its crypto laws, miners […]

Lok Sabha Passes Finance Bill; Completes Budgetary Exercise For 2022-23

The Budget 2022-23 raised Capex by 35.4 per cent to Rs 7.5 lakh crore. New Delhi: The Lok Sabha on Friday approved the Finance Bill, which gives effect to new taxation, thus completing the Budgetary exercise for 2022-23 fiscal. The Finance Bill was approved by the Lower House after accepting 39 official amendments moved by […]

Portsmouth to Open Bill Payments in BTC, Other Altcoins

The United States, as a whole, is presently not anywhere close to legalising cryptocurrencies as a payment option in the country. Nevertheless, the Portsmouth city in the New Hampshire state has decided to allow its residents to pay electricity bills via Bitcoins and other cryptocurrencies. While the option to pay with fiat currency stays open, […]

Tech Leaders Face Threat of Prison Under New UK Online Bill

Tech bosses face criminal prosecution if they fail to comply with proposed British rules aimed at ensuring people are safe online, the UK government said Thursday as it unveiled the draft legislation in Parliament. The ambitious but controversial online safety bill would give regulators wide-ranging powers to crack down on digital and social media companies […]

Bitcoin Ban Voted Out of EU’s Crypto Bill, Green Mining Suggested

In another landmark decision shaping up the crypto industry, the European Union (EU) has axed proposals of banning Bitcoin mining and trading. Majority of the EU members voted against prohibiting energy-intensive Bitcoin related activities, while rooting for making the processes greener, easier on the environment. The name of EU’s crypto-centric bill is: Markets in Crypto […]

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