Turkey residents flee to Bitcoin as a change in the leadership of the local central bank spurs fears of inflation. Al Jazeera reported on March 20 that Turkey's President Recep Tayyip Erdogan issued a decree firing the central bank governor Naci Agbal. Agbal had held this position for

India is set to propose a law banning Bitcoin, again. According to a March 15th Reuters report, a local government official said that the upcoming bill is one of the world’s strictest policies against bitcoin and other digital assets. The new rules would criminalize the possession, issuance, mining, trading

An official from the Central Bank of the Russian Federation announced that the institution plans to develop a prototype of a digital ruble and test it by the end of 2022. Russian news outlet Prime reported on March 10 that Deputy Chairman of the Central Bank Alexei Zabotkin announced at

Iran should engage in large-scale Bitcoin mining and could use digital assets to circumvent international sanctions, according to the research arm of the Iranian President's office. Local news outlet IranWire reported on March 2nd that the Iranian Presidential Center for Strategic Studies has published a research report suggesting

Authorities in China's Inner Mongolia region plan to stop local bitcoin mining activities. According to an energy-saving plan published by the Inner Mongolia Development and Reform Commission on Feb. 25, local authorities will stop all ongoing bitcoin mining operations and prevent new ones from being established. These new

Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most

The Central Bank of Nigeria (CBN) last week ordered banks to close the accounts of any entity using cryptocurrencies. Now, the institution justifies its actions with a list of reasons. According to a February 8th report by Nigerian news outlet The Nation, the local central bank’s acting director of

Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most