European Central Bank wants to ban cryptocurrencies

European Central Bank has proposed a ban on cryptocurrencies. Yes, but the ban is not on all cryptocurrencies, only on those with excessive ecological footprint. In other words, they want to ban all cryptos that make use of Proof of Work (PoW) that make use of ASIICS or graphics cards to mine new transactions, blocks and keep blockchain network secure.

European Central Bank
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Canadian Bitcoin users will have to provide recipient information to exchanges

Canada will be introducing some changes that will go in effect on April 1st 2022 where you will be required to provide information about the receipt of that transaction and that includes their name and address. This will only apply to those who are transacting more than 1000 CAD, no for small payments you will not have to provide any information. Coinbase and other cryptocurrency exchanges have already sent out messages about it to their users.

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Iran to allow businesses use Bitcoin for International payment settlements

There is a known fact that Iran’s native currency has not been doing well from past few years. This is chiefly due to sanctions imposed on it. Central Bank of Iran has come up with a brilliant idea that will allow local businesses to make use of bitcoin and other cryptocurrencies to settle payments to foreign partners.

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