THE DAILY ENCRYPT

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Bank of Uganda Reportedly Commences CBDC Study

The Bank of Uganda (BOU) has commenced a study that explores the feasibility of issuing a digital currency. However, an executive with the institution warned that the central bank needed to be clear why it must have this in the first place. Faster Movement of Money The Ugandan central bank is reported to have commenced

Massive Amount Of ‘Sleeping’ Bitcoin Moved After More Than 11 Years In Hibernation

A large sum of money from a “Sleeping” Bitcoin was transferred after being dormant for more than a decade. Since the crisis between Russia and Ukraine and heightened pessimism about the future of the global economy, cryptocurrency values have been volatile. On Thursday, bitcoin’s price surged to a high of $42,592, after a two-day low …

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Thailand Approves Tax Relief Measures for Crypto Trading

The Thai Cabinet has approved tax relief measures for crypto trading. The new tax rules are “much more friendly to both investors and industry,” said an executive of a cryptocurrency exchange in Thailand. Thailand Adopts New Tax Rules for Crypto Investments Thailand’s Cabinet approved new tax relief rules Tuesday for crypto trading, according to an