2021-7-13 02:41 |
Although the government has stated that a sovereign digital currency will not replace the country’s fiat currency, Vietnam has become the latest country to investigate central bank digital currency (CBDC). origin »
|
Venezuela‘s national fiat currency Bolivar became useless as the hyperinflation engulfed the country. The fiat currency is not even worthy of the paper it is printed on. When a certain doom was prevailing, Bitcoin and cryptocurrencies came in as a savior for the nation.
2019-6-19 19:53 | |
|
|
Cryptocurrency is expanding to regions around the world, though every country has different ways of handling it. Some countries have created regulations that are more suitable to development in their economies, but central bank digital currencies (CBDCs) are slowly gaining momentum.
2019-6-18 00:40 | |
|
|
Iceland’s financial watchdog, the Financial Supervisory Authority (FSA) on June 14, 2019, approved Reykjavik-based fintech startup Monerium as the country’s first e-money institution. Iceland Backs Digitization of Money Iceland’s national currency, the Icelandic krona (ISK), is set to become Europe’s first blockchain-powered digitally traded currency after the nation’s sole financial regulator gave the green lightRead MoreRead More.
2019-6-18 23:00 | |
|
|
Many Bitcoin believers have expressed that the number one coin will eventually become the currency of the future. While this could easily be written off as something you would expect from the average bull, a recent survey conducted in Poland has shown that this view is common among the country’s Bitcoin users. BitBay, one of […]
2019-6-15 19:45 | |
|
|
Venezuelans are used to their currency costing less than the paper it’s printed on. Economic misfortunes and political upheaval place their country at the bottom of all inflation charts, year after year.
2019-6-14 12:58 | |
|
|
Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services. These and many more such statements exist across the internet.
2019-6-1 21:48 | |
|
|
By CCN: The Chairman of the Board of the Bank of Lithuania has spoken about the merits of central bank digital currencies. He has labeled them as a new, more efficient, offering from central banks across the globe.
2019-5-31 10:40 | |
|
|
By CCN: The governor Reserve Bank of Malawi (RBM) has warned that cryptocurrencies are not legal tender and should not be used in place of the legal fiat currency, the Malawi Kwacha. According to local media, Dr.
2019-5-30 11:40 | |
|
|
Russia’s Central Bank could be considering a gold-pegged cryptocurrency, according to a report by Russian news agency, RIA on May 23, 2019. However, the apex bank states that virtual currency would not act as a substitute for the Russian Ruble.
2019-5-26 01:00 | |
|
|
Bitcoin Applauded For Its Associated Initiatives In Venezuela Many supporters of the digital currency have always advocated for the use of cryptocurrencies as a daily mode of transaction. Bitcoin and other digital assets in Venezuela have been on the rise largely due to the drastic economic and political collapse in the country. Recently, during a […]
2019-5-23 19:33 | |
|
|
The acceptance and adoption of Bitcoin [BTC] as a mainstream form of payment has been the main focus of a lot of proponents in the space, with some parts of the world leaning positively, while others still considering the largest cryptocurrency as a speculative asset.
2019-5-22 16:00 | |
|
|
By CCN: An Israeli court has ruled that Bitcoin is not a currency but rather an asset. This was in a case brought forth by Noam Copel, a blockchain entrepreneur, according to business publication Globes.
2019-5-22 15:39 | |
|
|
By CCN: Writing for Bloomberg, Michelle Jamrisko and Nguyen Dieu Tu Uyen report Vietnam is at risk of being labeled a currency manipulator. Vietnam is going to be labeled that – by whom? The U.
2019-5-12 16:48 | |
|
|
China Could Push Bitcoin Up As Central Bank Tightens Its Capital Control On US Dollar According to the latest report by South China Morning Post, Chinese banks have increased their scrutiny of foreign currency withdrawals.
2019-5-8 20:34 | |
|
|
Thai Central Bank Has Created A Blockchain Solution To Digital Currency Project The Bank of Thailand, known as the central bank of the country, has recently decided to move ahead one of its most interesting blockchain projects, a digital currency that will be based on the blockchain technology. This new solution will be used in […]
2019-5-8 23:38 | |
|
|
Myanmar’s apex bank is sounding a note of warning to citizens against the dangers of trading with cryptocurrency. Per the report from The Irrawaddy May 03, 2019, the country’s central bank frowns on the use of virtual currencies, as there have been reports of digital currency scams by inexperienced victims.
2019-5-5 01:00 | |
|
|
Venezuela has seen its national currency become practically worthless after undergoing one of the worst economic crisis in history. The inflation is all-time high – all the essential goods such as medicines and even toilet papers have soared in value.
2019-5-2 16:29 | |
|
|
Australia’s Tax Authority Goes Behind Cryptocurrency Traders The Australian tax authority is trying to go behind users that deal with virtual currencies to be sure they pay their virtual currency taxes.
2019-5-1 22:20 | |
|
|
Venezuela’s economy has been under constant strain for a while now as the country’s fiat currency continues to plummet in valuation. A massive hyperinflation rate of 2 million percent crippled the country to its core and according to reports, the situation might get worse as the rate is expected to reach 8 million percent by […] The post Bitcoin [BTC]: Venezuela transacts record number of BTC trades as Petro fails to get support appeared first on AMBCrypto.
2019-4-30 17:30 | |
|
|
Cryptocurrency businesses in Finland will now have to register with the country’s financial watchdog. As a result of the ACT OF VIRTUAL CURRENCY PROVIDERS, which comes into force on May 1, businesses will have to adhere with statutory requirements, including holding and protecting client money, segregating client money and own funds, and ensuring compliance with anti-money laundering regulation.
2019-4-29 17:31 | |
|
|
The Indian government and the country’s banking sector’s negative stance against the cryptocurrency industry have reached new heights. The Housing Development Finance Corporation Ltd [HDFC], the largest private lender in India has been ramping up its efforts in opposition of the country’s cryptocurrency industry.
2019-4-27 13:00 | |
|
|
OneCoin Scammers Steal $2.3 Million Through Samoan Churches Samoa is now in the center of the storm regarding the cryptocurrency Ponzi scheme OneCoin. According to Radio NZ, ministers of the nation invited the digital currency to preach to the congregation of a church in the country. OneCoin Use NZ and AU To Circumvent Ban The […]
2019-4-27 22:52 | |
|
|
Belarus has emerged as a contender to take the cryptocurrency mining mantle for China, following the latter’s proposed ban that looks to outlaw the domestic mining industry. Aleksandr Lukashenko, the President of the eastern European country, voiced his support for the decentralized currency industry in what will be a new chapter for the country.
2019-4-20 12:30 | |
|
|
Hackers convinced Twitter to give them control of the account for Sweden’s ruling political party – then used it to change the country’s official currency to Bitcoin. Swedish Government: ‘Time To Buy’ Bitcoin Speaking in an interview with local news outlet Trijo, one of the five hackers involved in the stunt this week said he did it because he thought socialism “was wrong.
2019-4-17 15:00 | |
|
|
Swedes on Monday woke up to the news that the Twitter account of the country’s largest political party and the party currently holding the premiership, the Social Democrats, had been taken over by a hacker who used the short-lived opportunity to publish fake bitcoin news, according to Sveriges Television AB.
2019-4-15 15:36 | |
|
|
The State Bank of Pakistan, the country’s central bank, is reportedly considering launching a digital currency as part of a modernization drive.
2019-4-2 17:30 | |
|
|
The Pakistani government will now regulate local cryptocurrency firms under new legislation. Local news outlet The Express Tribune reported that the government of Pakistan will introduce Electronic Money Institutions (EMI) regulations based on the recommendations of the Financial Action Task Force (FATF).
2019-4-2 01:33 | |
|
|
US lawmakers are exploring new blockchain regulations. US Congress just introduced two new cryptocurrency bills aimed to address price manipulation and boost the country’s competitive edge in the new industry.
2019-4-2 21:00 | |
|
|
Bitcoin Confirmed as the National Reserve Currency of Wakanda Wakanda, a small country in the North Eastern part of Africa, has dazed the rest of the world with its recent announcement where it declared that Bitcoin (BTC) is now the official currency in the nation.
2019-4-1 18:29 | |
|
|
Pakistan has announced plans to regulate cryptocurrencies in accordance with recommendations of the Financial Action Task Force (FATF). The regulations will be introduced immediately. Pakistan embraces digital currencies reluctantly Pakistan had previously taken a hard stance against cryptocurrencies, with the country’s central bank warning banks and other financial services providers against offering services that supported virtual currency transactions.
2019-4-1 12:04 | |
|
|
Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, specifically, but similar issues arise around the world.
2019-3-29 18:20 | |
|
|
The Finland-based, peer-to-peer cryptocurrency trading platform LocalBitcoins released a statement on March 25, 2019, responding to a new act approved by the Finnish Parliament that will require users to verify their identities.
2019-3-28 18:00 | |
|
|
France’s central bank won’t issue its own digital currency anytime soon because doing so would be a complex undertaking that could hurt the country’s flailing economy. That’s the assessment of Pauline Adam Kalfon, a blockchain and cryptocurrency partner at PwC France.
2019-3-24 16:15 | |
|
|
Japanese regulators have reportedly approved draft amendments to the country's financial instruments and payment services laws, introducing stricter regulations for margin trading of digital assets.
2019-3-21 21:27 | |
|
|
Binance says cryptocurrency fans in Australia will soon be able to purchase Bitcoin from over 1,300 supported Newsagents across the country. The new service, “Binance Lite,” marks the first time the Malta-based exchange has managed to open a fiat gateway in Australia.
2019-3-19 19:50 | |
|
|
An EY executive who recently visited India and met with a number of government agencies has voiced his opinion about the future of cryptocurrencies in the country. He believes that bitcoin has no practical use, is just another “foreign” currency, and its widespread adoption could be “very damaging to the global economy.
2019-3-12 09:40 | |
|
|
Despite being criticized by several observers in the international community, including the International Monetary Fund (IMF ) and others, the government of the Marshall Islands remains focused on launching a cryptocurrency later in 2019.
2019-3-12 02:00 | |
|
|
North Korea, an Asian country known for its military nuclear weapons program, is using cyber attacks and the nascent blockchain technology to dodge economic sanctions, acquire much-needed foreign currency, and cover its tracks, reported the Nikkei Asian Review on March 8.
2019-3-11 16:29 | |
|
|
The Marshall Islands is the latest country in the world to begin development of their own national Cryptocurrency dubbed the Sovereign, following in the footsteps of Venezuela. Baka Ben Ezer, the chief executive officer of Neema, the firm that will be developing the coin for the government, says that the coin is in development and […]
2019-3-10 21:56 | |
|
|
The Sovereign (SOV) digital currency looks set to become the first decentralized national digital currency. It could be used in the Marshall Islands on an equal footing with the US dollar. Such cryptocurrency as legal tender, even in a small state, is a larger step on the path to crypto-adoption.
2019-3-10 11:44 | |
|
|
Venezuela caught the world by surprise with the recent Bitcoin trading volume experienced by the country. Venezuela’s national currency,… The post Venezuela LocalBitcoin Volume Is the Second Largest in the World, Right After the US appeared first on Invest In Blockchain.
2019-3-9 13:11 | |
|
|
North Korea has obtained some $670 million in virtual and fiat currency in a bid to bypass economic sanctions put in place as a result of its nuclear and missile programs. The country amassed the funds through cyber attacks, Nikkei says citing an expert panel reporting to the UN Security Council.
2019-3-8 14:24 | |
|
|
The challenge of making and receiving payments in Africa has been widely documented. The continent has the world’s highest remittance fees, and payments between different countries aren’t any easier.
2019-3-5 22:55 | |
|
|
The National Bank of Ukraine, the country’s central bank, has been working on a pilot project to test the usefulness of a digital version of its currency, the Hryvnia. The bank announced today that it had completed the pilot and would be investigating further uses of the token.
2019-2-26 10:45 | |
|
|
Many countries are flirting with the idea of having a national digital currency right now. The first one to ever do it was Venezuela with the Petro, but that was not the best one of the most successful initiatives ever, anyone could say.
2019-2-26 00:26 | |
|
|
Venezuela’s economy has hit rock bottom. The situation has grown so dire that humanitarian aid is being doled out to help those who are financially strapped. Today, Venezuelan troops are fighting off citizens as they try to block the aid from reaching them.
2019-2-24 13:46 | |
|
|
Venezuela’s economy has hit rock bottom. The situation has grown so dire that humanitarian aid is being doled out to help those who are financially strapped. Today, Venezuelan troops are fighting off citizens as they try to block the aid from reaching them.
2019-2-25 13:46 | |
|
|
Iran’s plans to launch a national cryptocurrency continue to move forward. Just a few weeks after lifting the ban on bitcoin and other digital currencies, the country announced the launch of PayMon, a local digital currency that is backed by national gold reserves.
2019-2-19 01:57 | |
|
|
Since it came to life in early 2009, Bitcoin has begun disrupting the world of finance. Over the years, this decentralized digital currency came to mean different things for different people.
2019-2-18 18:30 | |
|
|
Authorities in Vietnam have cracked down on a major cryptocurrency scam that defrauded over 400 locals and 100 businesses out of roughly $1.17 million. According to local media, the Hanoi police have apprehended the general director and seven key suspects…
In a fortunate move, the Vietnamese authorities were able to successfully dismantle a large-scale cryptocurrency scam orchestrated by a company called ‘Million Smiles,’ protecting nearly 300 potential victims from financial exploitation.
Vietnam unveiled its National Blockchain Strategy, setting ambitious goals to advance its blockchain capabilities in an Oct. 23 announcement. The initiative aims to position Vietnam as the region’s leading hub for blockchain research, application, and innovation by 2030.
Vietnam’s government launched its National Blockchain Strategy, targeting legal frameworks, infrastructure, and innovation to boost its blockchain ecosystem by 2030. Vietnam officially launched its National Blockchain Strategy on October 22, aiming to become a leader in blockchain technology across Asia…
Vietnamese police have dismantled an international crypto fraud network, arresting multiple suspects for swindling billions of VND from Vietnamese citizens. The operation, led by criminals working from the Laos’ Golden Triangle Special Economic Zone, involved scams enticing victims into fake…
Indonesia has entered Chainalysis’ global crypto adoption index for the first time, climbing into the top 3 as global crypto activity surged past 2021 bull market levels. Indonesia has made its debut in Chainalysis‘ global crypto adoption index, climbing to…
Cryptocurrency exchange Bitget has partnered with Solana to launch a new hackathon aimed at fostering the development of startups on the Solana network. Cryptocurrency exchange Bitget has partnered with Solana to launch a new hackathon aimed at fostering startups on…