Monthly Archive: January, 2021

The U.S. follows a number of other nations in implementing stricter identity verification rules around crypto wallets.

U.S. cryptocurrency users hoping to transfer their holdings from an exchange to their own personal wallets may need to comply with new know-your-customer (KYC) requirements under a rule proposed by the Treasury Department Friday. Under the advanced notice of proposed rulemaking, users who want to send cryptocurrencies from centralized exchanges to a private wallet would need to provide personal information about...

Ukraine joins China, Russia, Brazil and Sweden to Develop their Central Bank Digital Currency

Ukraine partners with the Stellar Foundation and joins China, Russia, Brazil and Sweden as nations who have been readily proactive with their planning and implementation of a Central Bank Digital Currency (CBDC).  This week, the Ukrainian Ministry of Digital Transformation released a statement announcing their decision to build their CBDC upon the Stellar Blockchain.  The partnership with the Stellar organisation...