China’s Fujian Province Bans Trading Platforms From Participating in NFT Transactions

A Working Group from the Fujian Province of China has released a memo to address the growing rate of NFT participation among the citizens of the region. This memo, which has been circulating across various social media platforms, is regarded as a “Reminder Letter” to reiterate the stands of the Chinese government over NFT proliferation … Read moreChina’s Fujian Province Bans Trading Platforms From Participating in NFT Transactions

Ethiopian Central Bank Urges Residents to Stop Engaging in Crypto Transactions

The National Bank of Ethiopia (NBE) has said it does not recognize cryptocurrencies as a legitimate method of payment and that residents must avoid using them. The bank insists the local birr currency is the only lawful means of settling transactions in Ethiopia. Illegal Transactions The Ethiopian central bank has warned citizens against engaging in … Read moreEthiopian Central Bank Urges Residents to Stop Engaging in Crypto Transactions