India’s Ministry of Finance has claimed that Bitcoin and the other digital currencies are like Ponzi schemes and issued a warning for investors.
- News
India’s Ministry of Finance Compares Bitcoin and Cryptocurrencies to ‘Ponzi Schemes’ - News
Bitcoin Policies Should Protect Investors, Not ‘Feed the Frenzy,’ Ex-FDIC Chair Bair Former FDIC Chairwoman Sheila Bair also thinks that governments should not “make their own value judgments about Bitcoin.”
- News
“Not a Credible Currency”: Japan’s Finance Minister Questions Bitcoin Japan Finance Minister Taro Aso claims that there is still no proof that Bitcoin is a “credible currency”, and that Japanese citizens rarely use crypto.
- Regulations
Algerian Government Eyes Total Ban on Cryptocurrencies The government of Algeria appears to be moving towards a total ban of Bitcoin and other digital currencies in the country.
- Adoption
Race towards the First “Crypto-Country” in the World Various countries in Europe including Estonia, Sweden and Switzerland are vying towards becoming the first ‘crypto-country’ in the world.
- Regulations
Nepalese Police Arrest Bitcoin Traders Despite Lack of Cryptocurrency Regulation The Nepalese police have arrested at least seven individuals for allegedly being involved in Bitcoin trading activities.
- Adoption
You Can Buy Vanuatu Citizenship With Bitcoin, 43 BTC Worth Today The government of the Pacific island nation of Vanuatu has announced that it’s already accepting the digital currency Bitcoin as payment for its citizenship program.
- Opinion
How Blockchain Helps Pave the Way for More Autonomous Governance The growing use of the cryptocurrencies could help drive the success of secessionist movements around the world as digital currencies can be used by the separatist states to finance their own governments.
- Adoption
Blockchain May Help Prevent Voting Fraud, Increase Governments’ Responsiveness Voting is an area where Blockchain technology’s immutable and unalterable system could greatly help.
- Adoption
Major Global Air Transport Player Eyes Blockchain Technology for Maintenance and Repair System Monitoring Air France KLM is eyeing the disruptive Blockchain tech to track its maintenance and repair systems.
- Regulations
Singapore Media Regulator Partners with Asian Banks to Pilot Blockchain-based Customer Identification System Singaporean Infocommunications Media Development Authority has partnered with three Asian banks for the trial of a new Blockchain technology-based customer identification system proof-of-concept to streamline their know-your-customer process.
- Infographics
Businessman Suffered Losses in Moolah: Risks in Digital Currency Exchanges Several Bitcoin traders are doubting the credibility of Bitcoin exchanges as they become magnets and susceptible to frauds and hacks.
- Adoption
US Wants Bitcoin Operators to Apply for Bank Status US government is actively studying effective methods in national licensing for Bitcoin businesses.
- Adoption
Trump Administration Focuses on Blockchain Technology Adoption US President Trump administration has reaffirmed its commitment to Blockchain technology adoption in government operations as an important policy and strategy.
- Opinion
Bitcoin Price is Headed to $25,000 Despite Recent Setbacks: Researcher on CNBC Why Bitcoin price is heading $ 25,000 in 5 years, despite recent setbacks.
- Regulations
India’s RBI Moves Towards Providing Digital Currencies Legal Tender Status The Indian central bank establishes a task force that will assess the possible legal tender status to Bitcoin and other virtual currencies.
- Adoption
Cryptocurrencies May Join Financial System They Fought: Vitalik Buterin Vitalik Buterin: cryptocurrencies may eventually become a part of the centralized financial systems.
- Adoption
Russia is Working on Legalizing Status of Bitcoin, Other Cryptocurrencies: RT Is Russia going to legitimize cryptocurrencies?
- Adoption
Ukraine to Auction Seized Assets Through Blockchain Showing It Fights Corruption Ukraine’s government is going to auction seized assets through decentralized Blockchain for more transparent accountability.
- Regulations
China’s Cryptocurrency Market After ICO Ban - Kiss the Rod or Die From raising transaction fees to changing names: how Chinese companies affected by ICO ban react.
- Regulations
While China is Getting Tough With ICOs, Canada Voices Support For Token Sale Canadian government and financial regulators are supporting the use of digital currencies as well as ICOs.
- Adoption
Paris Hilton, Floyd Mayweather Seen in ICO Ads As Cryptocurrencies Hitting Mainstream Cryptocurrency pundits, especially those investing in Bitcoin and Ethereum, are gaining so much today as these cryptocurrencies have recently reached new all-time highs.
- Regulations
Ukraine to Decide Legal Status of Cryptocurrencies in 3 Weeks The Ukrainian Cabinet of Ministers on the Financial Stability Board conducted a meeting in late August 2017 to tackle the legal status of virtual currencies like Bitcoin in the country.
- Adoption
Ripple Talks With People’s Bank of China Key to Chinese Blockchain Market Ripple investors are looking forward to the collaboration between Ripple and China tackling the country’s Blockchain market.
- Adoption
How Digital Currencies Conquer Globe: Cambridge University Study The current number of unique active users of cryptocurrency wallets is estimated to be between 2.9 mln and 5.8 mln, according to a study by Cambridge University.
- Regulations
Vietnamese PM Approves Plan to Authorize Bitcoin As Form of Payment In a complete turnaround from the previous stance, Vietnamese Prime Minister Nguyen
- Regulations
US Lawmakers Draft Bill Protecting Cryptocurrencies from Gov Interference Several members of the US Congress are drafting legislation that is intended to recognize certain digital currencies and protect them against interference from the federal government.
- Regulations
National Bank of Ukraine Considers Regulating Digital Currencies Ukraine’s central bank has hinted that it will advance plans to regulate the use of cryptocurrencies in the country. This stands in contrast to earlier plans to embrace Blockchain technology.
- Regulations
India Completes Draft Proposal for Cryptocurrency Regulations India has already finalized as of early August 2017 the draft proposal recommending how to regulate the use of digital currencies in the country effectively.