Chilean Central Bank: Cryptocurrencies Are Unable to Substitute Fiat Money

Chilean Central Bank: Cryptocurrencies Are Unable to Substitute Fiat Money
фото показано с : cointelegraph.com

2019-2-13 01:30

Central Bank of Chile states cryptocurrencies will not substitute fiat money unless they get a comprehensible legal framework

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Mining Bitcoin or the ‘Crypto-Ruble’ Just Another Form of Counterfeiting, Claims Russian Banking Chief

The head of VTB Bank, a major Russian financial institution that sees the government as its majority shareholder, has compared bitcoin mining with counterfeiting. Andrei Kostin, who serves as the president and the chairman of the management board of VTB Bank, said Monday during an event that any person who prints digital money to replace Russian Ruble was counterfeiting the state-backed fiat.

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NOBOBOX ICO

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2019-1-29 07:03


Фото:

Back to Basics: What Is Money?

Our current economic system can be compared to a merry-go-round that has us consuming, trapped in debt and spending as quickly as we earn. What is fiat currency? Why do we use it and who controls it? And how does it compare to gold and bitcoin? It is worth going back to basics, to better understand […] The post Back to Basics: What Is Money? appeared first on Bitcoin News.

2019-1-29 23:00


Фото:

Elections Canada Consults With Political Parties on Crypto Donations

According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act.

2019-1-24 20:28


Фото:

Texas Updates Regulatory Guidance Regarding Cryptocurrency Activities

The Texas Department of Banking has published new guidance regarding the regulatory treatment of virtual currencies under the Texas Money Services Act. The document states that most transactions involving cryptocurrencies will not be considered a transfer of “monetary value” but the exchange of virtual currencies for fiat will likely be recognized as a “money transmission.

2019-1-5 21:00


Venezuela Continues to Drive the Petro Despite Ongoing Controversy

Reports coming out for Venezuela suggest that the government is now forcibly converting pensions from fiat to Petro, without the consent of their citizens. The Caracas Chronicles, which reports on Venezuelan issues in the English language, stated that On December 7, they [pensioners] got two messages and it seemed like the money for the pension […] The post Venezuela Continues to Drive the Petro Despite Ongoing Controversy appeared first on ZyCrypto.

2018-12-14 12:01


Фото:

Op Ed: From Gray To Black and White: Traditional Regulations Come to Crypto

For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.

2018-12-3 19:20