Tags : Currency

Bitcoin

Roger Huang on how Bitcoin could one day be the

You’d think early entrants to the Bitcoin space were a faceless group of super coders armed with powerful mining rigs and algorithms that sought to accumulate as much of the asset as possible via mining and trading. But while such a personality made part of the niche Bitcoin demographic at the time, other highly influential […]Read More

Bitcoin

After El Salvador warning, IMF says accepting Bitcoin as national

The International Monetary Fund (IMF) published a warning that putting Bitcoin (BTC) or any other crypto on par with a national currency presents serious risks to macro-financial stability. In their official blog post, written by monetary and capital markets department director Tobias Adrian and legal department head Rhoda Weeks-Brown, the IMF describes adopting cryptos as […]Read More

Bitcoin

Currency devaluation in Nigeria is driving a crypto boom in

Data from analytics firm Chainalysis shows that in May, Nigerians received a marked increase in crypto compared to last December. Observers say this is partly due to the central bank’s recent currency devaluation, which weakened the naira to its lowest ever level against the dollar. The resulting boom in crypto activity lends support to the […]Read More

Bitcoin

What is the practicality of El Salvador adopting a national

El Salvador’s congress voted to accept the cryptocurrency and won a supermajority of 62 out of 84 votes.  Starting in September, El Salvador will soon have two official currencies: the U.S. dollar (USD) and bitcoin (BTC). In what is likely an unprecedented move for any nation worldwide, both USD and BTC can be used interchangeably […]Read More

Regulation

Here are the US Treasury proposals for Bitcoin and ‘virtual

They don’t seem very promising, despite the crypto industry’s rapid growth in the past year. “Self hosted” wallets A release by the US Department of Treasury on Monday detailed the government’s proposal to regulate crypto assets, wallets, and whitelisting of receiving addresses for citizens. The Treasury’s Financial Crimes Enforcement Network (FinCen) department is inviting comments […]Read More

Regulation

Central Bank Digital Currency ‘Incredibly Rich Area’ Says IMF

Tao Zhang, Deputy Managing Director of the International Monetary Fund (IMF) has made a strong argument for the development of Central Bank Digital Currency (CBDCs). He asserts that as a new asset class they hold tremendous promise, notably for the developing world. BENEFITS OF DIGITAL CURRENCY EMPHASIZED Zhang discussed CBDCs in an address given at […]Read More