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Adeniyi Olowoporoku
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February 23, 2021 Regulation
Swedish Financial Supervisory Authority (FSA) has issued a warning to citizens regarding the trade of crypto-asset products. This comes after the regulatory body previously warned about the risks with trading in crypto-assets.
Crypto-assets Products Unsuitable for Retailers
The latest warning from the FSA was revealed in a blog post on the regulatory body’s website on Monday, Feb 22.
According to the report, the regulator revealed that it had taken a thematic review of the market for financial instruments that are backed by crypto-assets.
The result of which showed that there is a high risk that consumers will lose money on their investments. Also, the report stated that crypto-asset products like Bitcoin exchange-traded products might be unsuitable for retail consumers.
Officials at the Cape Code Hospital have revealed that they received a bitcoin (BTC) donation of $400k twice from an anonymous donor, according to a report by the Boston Globe on February 19, 2021. Cape Cod Hospital Gifted $800k in BTC At a time when the COVID-19 pandemic has triggered…
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Ogwu Osaemezu Emmanuel
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February 21, 2021 Regulation
The Central Bank of Morocco is now studying the concept of central bank digital currencies (CBDCs) and has set up a committee to extensively explore its pros and cons, according to reports on February 20, 2021.
Morocco Eyes CBDCs
At a time when consumers around the world are increasingly embracing digital payment methods rather than cash, apex banks across various jurisdictions have begun studying central bank digital currencies (CBDCs) in a bid to remain relevant in the rapidly evolving finance ecosystem.
In the latest development, Bank-Al-Maghrib (BAM), the central bank of Morocco, has put in place an exploratory committee to look into the benefits and disadvantages of CBDCs for the nation’s economy and make recommendations
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Adeniyi Olowoporoku
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February 19, 2021 Blockchain
Blockchain-based land registry firm Medici Land Governance (MLG) has launched a land administration pilot project in Liberia. The project seeks to administer proper land issuance in the West African nation.
Land Registration on Blockchain
Medici Land Governance (MLG) launched the land administration project on February 18 in a press release. The launch is part of a partnership agreed between MLG and Liberia’s finance and development ministry.
Liberia has faced significant problems regarding the management of land within its country. This is due to the lack of clarity in land ownership and has resulted in investors shying away from investing in real estate in the West African nation.
Austrian regulators say crypto scams are the most reported forms of investment fraud in the country ahead of the usual suspects like stock or gold schemes. Authorities in the country are trying to firm up virtual currency regulations to combat the menace of such criminal activities while regulated trading in…