Category: world

At Peking University’s Institute of Digital Finance, Wang Xin, head of the research bureau at the People’s Bank of China, noted that mass adoption of Facebook’s Libra cryptocurrency could ramp up development of China’s own national digital currency.

President Nicolas Maduro announced in a tweet that the Bank of Venezuela will now have the ability to accept Petro deposits and allow customers to purchase the nation’s own cryptocurrency at all locations.

To provide a faster alternative to the euro, Germany’s dominant political parties, the Christian Democratic Union of Germany and the Christian Social Union, are mulling over the prospects of a digital euro, or “e-euro,” that would act as a digitized version of a small part of the existing money supply.

The Iranian government is cracking down on bitcoin mining operations after claims that mining operations were destabilizing the power grid and affecting electrical access for households and businesses.

With a massive user base that already has experience owning cryptocurrency, Facebook’s Libra seems ready to take off in Indonesia, but the social media giant will still have plenty of regulatory matters to iron out first.

Speaking at the Crypto Valley Conference in Zug, Switzerland, Thomas Moser, an alternate member of the governing board at the Swiss National Bank, said Facebook’s Libra project has yet to sound any alarms for the Swiss National Bank and that the country’s regulators are “pretty relaxed” about it.

As the Kremlin works to create its own independent version of the internet, the Berlin-based company Arweave hopes to provide Russian citizens with a decentralized internet built on the back of a blockchain tech spinoff called blockweave.

Prague’s Paralelní Polis acts as a hub for the Institute of Cryptoanarchy, and the group is set to expand its reach around the world.

Diana Aguilar, contact for Coinbase charity GiveCrypto in Venezuela, discusses why cryptocurrency alone will not heal the country. Aguilar talks about the lack of strategy behind charitable donations, the country’s poor cyber-infrastructure, and the potential crypto has to positively influence the country’s economy.

Andy Cheung, OKEx’s head of operations, discusses the factors which have led to many Turkish citizens to use crypto exchanges instead of banks.

Research from blockchain analysis firm Elliptic shows that terrorist organization Hamas is using bitcoin to raise funds. To hide its activities, the group has developed a website that generates a new wallet after every transaction.

Nicolás Maduro’s petro cryptocurrency is still viewed by many as a scam, but with the launch of crypto exchanges such as Amberes, Venezuelans are starting to buy and trade the token for a variety of reasons.

During this year’s “Spring Meetings,” Swedish central bank deputy governor Cecilia Skingsley said the Risbank is more likely than not to issue a CBDC within a decade.