THE CRYPTO BLOG

  Oil and financial hup launched in high-tech race, United Arab Emirates to launch first cryptocurrency (digital currency) by 2026, central bank announces Definitely, cryptocurrencies are scoring points lately. The United Arab Emirates have announced that they will launch a digital currency within five years! Several central banks around the world have recently announced similar plans, while criticizing decentralized cryptocurrencies like bitcoin. The Central Bank will "issue a virtual currency and work for the digital transition of financial services in the UAE," she said in a statement released by the official WAM agency. This announcement is part of "its 2023-2026 strategy" which aims to "place it among the top ten central banks in the world," she added. In 2019, Saudi Arabia and the Emirates announced a test phase of a common cryptocurrency for transactions between banks in two countries. The Emirates regularly display their technological ambitions, in...

The authorities announced Thursday, July 15 the dismantling of a first money laundering network using cryptocurrencies. Hong Kong customs announced Thursday, July 15 the dismantling for the first time in the former British colony of a network for money laundering using cryptocurrencies, which would have brought into the official circuit no less than 1.2 billion Hong Kong dollars (130 million euros) of dirty money. "This is the first time in Hong Kong that a network using cryptocurrencies to launder dirty money and cover up the origin of criminal assets has been broken down," senior official Mark Woo Wai-kwan told reporters. of the police. Four people, including the brain of the network, were arrested and 20 million HKD were frozen. The network had opened several bank accounts opened in the name of shell companies to which they made transfers through a cryptocurrency exchange, in order to turn them into hard cash for their customers. About 60% of the total has passed through S...