Increasingly determined separatists seeking the international recognition of the self-proclaimed “Federal Republic of Ambazonia” (Southern Cameroons) have created a cryptocurrency which they claim is the first to be fully nation-backed. Known as AmbaCoin, 20,089 of the Ambazonian crypto bond had already been bought, out of 100,000,000 on pre-sale as of Nov.
Sharia-compliance finance is becoming a field of choice for several fintech companies as regulators and market participants in the Middle East seem keen on attracting new business. Now, Swiss-based cryptocurrency firm X8 has become the latest to acquire an Islamic finance certification. Islamic Finance Certified for Mid-East Expansion X8 AG,
Bill Barhydt, a former cryptographer at the Central Intelligence Agency and the founder of cryptocurrency investment platform Abra, is now mapping out how cryptocurrency can operate outside of the current regulatory environment to power a cryptocurrency bank. In a new Off the Chain interview with host Anthony Pompliano of Morgan Creek Digital, Bill Barhydt notes
The government in Kiev intends to legalize cryptocurrencies and comprehensively regulate the fintech sector as part of a new public policy developed by the economy ministry. The process may take up to three years to complete but eventually the industry built around virtual assets should become a legitimate part of