Bitcoin proponent talks about dangers of centralized cryptocurrencies

2019-10-14 21:33

From banning Bitcoin [BTC] and other cryptocurrencies to launching its own digital currency, China’s recent developments have prompted policymakers across the globe to take a second look at cryptocurrencies.

The country’s venture into the digital currency space with the introduction of Central Bank Issued Digital Currency [CBDC] was one of the topics discussed by Michael […]

The post Bitcoin proponent talks about dangers of centralized cryptocurrencies appeared first on AMBCrypto.

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Источник: ambcrypto.com

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Stablecoin regulations would need to eliminate risks regarding liquidity of underlying assets, claims IMF

As Central Banks across the world start looking into cryptocurrencies and DLT to see how feasible a fiat-backed digital currency would be, the IMF (International Monetary Fund) has now entered the conversation as well, publishing a blog post exploring the advantages of a privately issued stablecoin, one which is backed by central bank reserves.

2019-9-28 18:30


China’s Govt Crypto Readies Huge November Launch to Steal Libra’s Thunder

Facebook’s fears that the bottlenecks tech firms in the free world face in developing cryptocurrencies risks opening the door for more closed societies to take the lead have been confirmed. According to Forbes, China has already developed a state-backed cryptocurrency known as DC/EP (DC- Digital Currency, EP – Electronic Payments) that could be unveiled in […] The post China’s Govt Crypto Readies Huge November Launch to Steal Libra’s Thunder appeared first on CCN Markets

2019-8-30 14:43


BOE Governor Calls for a Central Bank Crypto Asset to Take On US Dollar’s Dominance as a New World Reserve Currency

First they dismiss and laugh at you, then they criticise you, they fight you and you win. This is how the struggle for Indian Independence went according to Mohandas Gandhi, but the same path is kind of similar to the one that cryptocurrencies are going through right now. The only difference is that rather than […]

2019-8-24 01:26


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US Government Vague On Bitcoin Role In Fentanyl Drug ‘Epidemic’

The US government has singled out cryptocurrencies including Bitcoin as a funding mechanism for the ongoing trend for smuggling the drug fentanyl. FinCEN Advisory Mentions Cryptocurrencies In an advisory issued on August 21, the Financial Crimes Enforcement Network (FinCEN) highlighted the use of “convertible virtual currency” (“CVC”) in facilitating the black market.

2019-8-23 16:00


Huobi Prime’s EMOGI Network Gives Cryptocurrency Users Something to LOL About

Its website may be plastered with images of crying face emojis and its token ticker may show up as a “LOL”, but don’t let this fool you: EMOGI Network is serious business. The self-described “social digital currency” promises to deliver on all attributes that are meant to be synonymous with cryptocurrencies, which stand for low-cost transactions that can be sent quickly and directly, in a peer to peer fashion.

2019-8-16 22:28


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Disclosure of Domestic Cryptocurrency Transactions in Brazil are now Compulsory

Starting from this month, Brazilian citizens have to report cryptocurrency transactions to the competent authority compulsorily or will run into sanctions, according to a press release, August 1, 2019 Declaring Digital Currency Brazil has just made it illegal to not disclose data regarding cryptocurrencies transaction to Tax Authorities.

2019-8-2 17:00


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India: Government Committee Recommends Cryptocurrency Ban

Despite an earlier statement from India’s Minister of State for Finance that the government wasn’t planning on banning cryptocurrencies, the Inter-Ministerial Committee (IMC) is proposing otherwise. According to the IMC report on July 22, 2019, the committee recommended a blanket ban on cryptocurrency and also penalties for conducting virtual currency activities in the country.

2019-7-23 20:33


Dash CEO reveals latest strategies to improve much needed mainstream adoption

Some cryptocurrencies are technically superior on the back end. Some are based on a blockchain network that attains a high level of security and privacy. Another virtual asset facilitates rapid transactions but none of these factors would translate to the digital currency’s success if their adoption rates do not reach a widespread userbase.

2019-7-22 01:00


Dash’s Ryan Taylor reveals latest strategies to improve much needed mainstream adoption

Some cryptocurrencies are technically superior on the back end. Some are based on a blockchain network that attains a high level of security and privacy. Another virtual asset facilitates rapid transactions but none of these factors would translate to the digital currency’s success if their adoption rates do not reach a widespread userbase.

2019-7-22 01:00


VanEck official points out Steve Mnuchin’s 180 on US Treasury’s report on fiat currency and frauds

The main argument used by many critics of cryptocurrencies is that digital assets are used for fraudulent and nefarious activities. This was recently cited by Steve Mnuchin, the United States’s Treasury Secretary, who said that Bitcoin and the rest of the cryptocurrency market would be subject to the same level of jurisdiction that fiat money […] The post VanEck official points out Steve Mnuchin’s 180 on US Treasury’s report on fiat currency and frauds appeared first on AMBCrypto.

2019-7-20 22:30


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