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Crypto payment option tops Airbnb CEO’s Twitter poll

Brian Chesky, CEO of Airbnb posted a poll on Twitter asking his roughly 400,000 followers what they wanted from the rental platform in 2022. Out of 4,000 suggestions, the poll revealed that most respondents want to pay with Bitcoin (BTC) or other popular cryptos when renting their house or apartment through Airbnb. Airbnb currently accepts […]

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Aave launches its new protocol for financial entities, Aave Ar

Decentralised lending platform Aave announced the launch of its liquidity pool service called Aave Arc. This will pave the way for the first 30 approved financial firms to participate in decentralised finance (Defi) as liquidity borrowers, suppliers and liquidators in a more compliant manner.  In the announcement posted on the Aave’s site on January 5,

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Reserve Bank of India says crypto is a risk to monetary stability

India’s central bank, the Reserve Bank of India (RBI), warns about the various risks private cryptocurrencies pose to the country’s monetary stability on its biannual Financial Stability Report (FSR) released on December 29, 2021. The document includes a section discussing the dangers of all cryptocurrencies not offered by the RBI, including Etheruem, Litecoin and Bitcoin.

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China’s central bank launches test versions of digital yuan wallet

As a part of the People’s Bank of China plans to release its own digital currency, its digital currency research institute has developed and launched a test version of the digital yuan wallet app on January 4. The said mobile application called the e-CNY (Pilot Version) can now be downloaded via the iOS and Android

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Indian crypto exchanges searched due to alleged tax evasion

Over half a dozen different cryptocurrency exchanges in India have been searched by tax authorities, according to reports made by CoinDesk last December 31, 2021. With an alleged tax evasion amount of 700 million rupees, popular platforms in the country such as CoinDCX, Unocoin and CoinSwitch Kuber among many others are being investigated. However, the

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Russia to choose between a ban or legalisation of crypto trading

Contradicting reports have appeared in Russia regarding the regulatory affairs of the cryptocurrency on December 16, 2021. First, according to a report released by Reuters, the Central Bank of Russia (CBR) is planning to ban crypto investments, citing its risk on the monetary stability of the country. Currently, the national bank is already preparing to

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Bank of Russia decides on whether to ban or allow crypto investments

In a recent report by Cointelegraph on December 22, the crypto news channel shared that the Bank of Russia is still allowing its citizens to invest in cryptocurrency albeit not via the local infrastructure.  The announcement is only a few days after Governor Elvira Nabiullina indicated in an online press conference held on the Bank

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Binance.sg winds down its services

Binance.sg ends services in Singapore due to regulatory compliance

On December 13, large cryptocurrency exchange platform Binance.sg announced that it will ‘wind down’ its digital payment token (DPT) services in Singapore effective immediately through its official local website. In the same post, they mentioned how Binance Asia Services Pte Ltd. (BAS) plans to withdraw its application for a license with the Monetary Authority of

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