Tuesday, January 19, 2021

South Korea to introduce bitcoin regulations

In South Korea, financial regulators have launched a digital currency task force to focus on regulatory parameters for bitcoin exchanges. Read more: www.cryptocoinsnews.com

West Africa now has its own digital currency

Senegal will soon begin using a digital currency, ushering in the use of blockchain technology by the central bank. Read more: www.qz.com

BitPesa nabs $2.5m for pan-African digital payments

Pan-African digital currency payments startup BitPesa has secured $2.5m in a Series A round. Read more: www.fintechroundup.com

Federal Reserve official warns of digital currency’s risks

A US Federal Reserve official raised caution about central banks issuing digital currencies. Read more: www.venturebeat.com

ShapeShift nabs $10.4m for digital asset exchanges

Cryptocurrency exchange ShapeShift has raised $10.4m in a Series A round led by Berlin-based VC Earlybird. Read more: www.fintechroundup.com

Risk-wary banks chill Bitcoin market

At least three bitcoin exchanges have said in recent weeks that they can’t process transactions in dollars, as global banks pull back from sectors they deem too risky. Read more: www.wsj.com