New Bitcoin Trading Record In Venezuela Happens As New Currency Reforms Sets In

2019-6-19 19:53

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.

Ever since the Venezuelans came to know about cryptocurrencies, the country […].

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Icelandic Financial Watchdog Approves E-Money Startup Monerium

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


BitBay Survey: Poland Bitcoin Usage is Most Common Among Men Under 40, Users are Very Bullish

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


Bitcoin Applauded For Its Associated Initiatives In Venezuela By Open Money Initiative CoFounder

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


Thai Central Bank’s lnthanon Digital Currency Project To Build RTGS Interbank For CBDC Payments

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


Bitcoin [BTC]: Venezuela transacts record number of BTC trades as Petro fails to get support

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


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Finland’s new cryptocurrency regulation forces AML on industry

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


OneCoin Scammers Accused Of Stealing $2.3 Million Through Samoan Churches

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


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Sweden Changed Its Official Currency To Bitcoin (For 30 Minutes)

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


Pakistan Regulates Cryptocurrency to Prevent ‘Terrorism Financing’

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


Marshall Islands’ Sovereign (SOV) Digital Currency Looks to Meet US Regulatory Standards

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


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Record $2 Trillion Deposited in the US Banks During Covid-19 Pandemic

Cash remains the king! According to FDIC data, a record $2 trillion in cash was added in the deposit accounts of US banks since the coronavirus first struck in the country in January. In April alone, the money flowing into banks grew by $865 billion, more than the record for an entire year. “Any way […]