Tag: reserve currency
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Kenya has the highest percentage of cryptocurrency owners in Africa. UNCTAD data indicate
According to the most recent data from the United Nations Conference on Trade and Development (UNCTAD), Kenya has the highest percentage of people who own cryptocurrencies out of all the African nations. UNCTAD stated that it advises the imposition of taxes that discourage cryptocurrency trading in order to counter the growing use of cryptocurrencies. The…
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In sanctioned Russia, the idea of using the digital ruble as a reserve currency has circulated.
The State Duma, Russia’s lower house of parliament, has proposed making the digital ruble a reserve currency. Meanwhile, fears have been expressed in the West that the new incarnation of the Russian fiat could be used to circumvent the country’s isolation due to sanctions. In the face of mounting Western penalties, officials in Moscow have…