Cryptocurrency Financial News
Ethereum financial services platform Wala, with its corresponding Dala token, is hoping to bank the unbanked in Africa. CEO Tricia Martinez spoke about the project at the Ethereal Summit in New York.
It appears that after a US extradition request stalled, Alexander Vinnik was targeted by a Russian criminal who worried that the suspect would return to face fraud charges in Russia related to cryptocurrency exchange BTC-e. Greek law enforcement protected Vinnik from an untimely death and, in letters, he has confessed his crimes to Russian authorities.
The Australian government has released its annual budget report for 2018-19. Funds have been earmarked for blockchain research alongside broader digital initiatives.
Bermuda’s premier has announced three significant developments for the island’s economy, including a new agreement with blockchain firm Medici Ventures.
After a tumultuous start to the year, the Republic of Korea’s Financial Supervisory Service has a new governor. Judging by recent statements, his official appointment may have implications for cryptocurrency.
Investors could be taking advantage of a three-month window before a Reserve Bank of India cryptocurrency ban comes into place.
Venezuela’s president announced that 20 million petros, the country’s cryptocurrency, would be used to fund a bank for youth projects.
In a remarkably detailed hearing on digital currencies, members of the United Kingdom’s Parliament asked industry stakeholders and experts about the possible advantages and disadvantages of blockchain.
Bermuda’s lower house of parliament has passed an act to regulate ICOs and encourage growth of the island’s FinTech industry, just after announcing the country entered a $15 million agreement with Binance.
After challenges by French taxpayers, the French Council of State ruled that cryptocurrencies are “moveable property,” and reduced the applicable tax rate from 45 percent to 19 percent.
Many blockchain enthusiasts like to describe the technology as a tool that will allow users to seize self-determination. Meanwhile, one blockchain firm appears poised to play ball with Faure Gnassingbé, who is widely considered to be a dictator.
On Tuesday, the governor of France’s central bank called for “internationally harmonized answers” to address the potential risks of cryptocurrencies.
To combat a mounting unemployment crisis, the Korean government is attempting to cultivate new blockchain businesses, among other startups.
The Reserve Bank of India’s recent prohibition on banking services for crypto-related companies is to be examined by the Delhi High Court, which could decide the future of crypto in India.
In order to circumvent sanctions against Russia, a cryptocurrency fund may be established in Crimea, where a high-ranking Russian legislator has also discussed establishing a so-called “cryptocurrency haven.”
Managing director of the International Monetary Fund Christine Lagarde warned regulators against overly regulating cryptocurrency, and supported a balanced approach that leaves room for innovation.
A department head with the Central Bank of Russia has said that many of the predominantly Chinese traders at informal marketplaces in Moscow are converting their earnings to cryptocurrency and sending them back to China.
It has been almost five months since the World Bank published its cautiously optimistic FinTech report on blockchain technology. New official documentation reaffirms that distributed ledgers are not quite ready for prime time – but cautions against waiting for perfect solutions.
It has been almost five months since the World Bank published its cautiously optimistic FinTech report on blockchain technology. New official documentation reaffirms that distributed ledgers are not quite ready for prime time – but cautions against waiting for perfect solutions.
Cryptocurrency cloud mining contracts will now be considered securities in the Philippines, and entities that intend to sell them must apply for licensure.
