November 2022 - Page 2 of 2 - CryptoCurrencyWire

MondayNov 07, 2022 12:45 pm

Canadian Government to Consult on Cryptos, CBDCs, Stablecoins in New Budget

The federal government of Canada has announced that it plans to examine central bank digital currencies, stablecoins and cryptocurrencies. This revelation was in the recently released mini-budget statement. Deputy PM Chrystia Freeland released the 2022 Fall Economic Statement, which serves as an update on fiscal policy during a given budget year. That statement contained a section focused on laying out what plans the federal government has for the crypto industry. The government revealed in the statement that it needed to keep pace with the different ways in which the digitalization of money as well as cryptos were transforming Canada’s financial…

FridayNov 04, 2022 11:15 am

South African Retail Giant Pick n Pay Expands Crypto Payments Pilot Project

Pick n Pay, arguably the largest grocery chain in South Africa, has announced that it is expanding a pilot program aimed at gradually introducing cryptocurrencies as another way through which its customers can pay for their purchases. This change was announced a few weeks after the country’s Financial Sector Conduct Authority officially declared that cryptocurrency assets were now formally regarded as financial assets within the country. This declaration paved the way for such assets to start being regulated, and the move also opened the door to cryptos being used as a mainstream form of payment. In a statement released by…

WednesdayNov 02, 2022 11:15 am

Blockchain, Crypto Industries See New UK Premier as Good

Rishi Sunak, the newly elected prime minister of the United Kingdom, is being seen as a positive force that could pave the way for the blockchain and cryptocurrency industries to grow at a faster pace. Sunak has a history of being positive with regard to the possibilities presented by the industry. Aside from being the youngest PM of the UK in about two centuries, Sunak has a lot in common with younger people, including his view that of cryptocurrencies as viable investments for the future. According to recent surveys, individuals between 21 and 42 years of age believe that cryptos…