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Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash
18.2.2020
In this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule. We also cover...
Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates
18.2.2020
The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget...
Max Keiser Predicts $400,000 BTC on Alex Jones Show, Jones Compares Bitcoin to ‘Power of Fire’ From the Gods
18.2.2020
The moment many conspiracy-minded bitcoin enthusiasts have been waiting for arrived yesterday when Info Wars muckraker Alex Jones compared bitcoin to a “power of fire” gifted from the gods to humankind. The bold commentary took place in the context of a Max Keiser interview, in which...
Russia’s Central Bank Proposes New Token Framework, But Labels Crypto Transactions ‘Suspicious’
17.2.2020
Russia is looking at creating a regulatory distinction between asset tokenization and 'pure' cryptocurrencies
China’s DCEP Unlikely to Impact Crypto Markets in the Long-term, eToro Analyst Says
17.2.2020
China is taking a great leap forward to develop a central bank digital currency, with more than 80 patents filed by the People’s Bank last week
Speculation Undermines Crypto Prices and Utility, Says Bank of England Senior Economist
17.2.2020
Speculation clogs up blockchains, making them harder to use and ultimately less valuable, a working paper suggests
Russian Central Bank Links Crypto Transactions With Money Laundering
17.2.2020
The Russian central bank now considers any crypto exchange transaction as a money laundering risk
Legal Framework for Tokenization Submitted to Russia’s Crypto Bill
17.2.2020
Russia may soon have a legal framework for asset tokenization in place following a successful pilot by major mining firm Nornickel
Russian Central Bank Wants Banks to Flag Crypto Deals as ‘Suspicious’
17.2.2020
Russia’s Central Bank has unveiled a plan to ask banks in the country to flag account holders who deal with cryptoassets as “suspicious.”
Per news outlet RBC, the Central Bank has submitted a request to make amendments to the key 375-P protocol, a document that outlines the way that banks should...
India’s Banking Sector to Increasingly Adopt Blockchain Tech: GlobalData
17.2.2020
According to GlobalData, a leading data and analytics company, the Indian banking sector will witness considerable growth in the mainstream use of blockchain tech in 2020 as well as moving beyond that. This growth may be attributed to the fact that in the past few years, several of the leading...
84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan
16.2.2020
The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating digital currency wallets into existing retail bank accounts. The potential for the Chinese central...
Mainstream Moments and the CompuServe of Crypto, Feat. Andreas M. Antonopoulos
16.2.2020
With the price of bitcoin headed up again, the idea of blockchains and digital currencies has never been more palatable to the mainstream. We've seen this cycle before, but could this time be different?
China Is Scrubbing Cash Notes to Stop Virus Spreading so Its Government Paper Money Wont Kill You
16.2.2020
Research has shown that government paper money is a hotbed for bacteria and that, at least in the U.S., most bank notes in circulation are tainted by cocaine. Now you can also worry about a new threat possibly sticking to your fingers when you handle a bill – a deadly virus coming out...
Cryptocurrency News From Japan: Feb. 9 - Feb. 15 in Review
15.2.2020
This past week’s news from Japan included details on Bitpoint’s massive 2019 deficit, a Japanese politician’s Libra fears and more
Bahamas Digital Dollar to Roll out Across All Islands in H2 2020, Governor Says
14.2.2020
After launching the Bahaman digital dollar pilot in December, the Bahamas’ central bank will roll out the initiative across all islands in H2 2020
The Top Narratives Driving Crypto Market Growth, feat. Travis Kling
14.2.2020
The halving? Coronavirus and volatility? Fed action? Listeners vote on what's driving crypto growth
Trump’s Fed Nominee Judy Shelton Says US Should Be Proactive on Digital Dollar
14.2.2020
Judy Shelton, President Trump’s nominee to the Federal Reserve Board, told lawmakers that digitizing the U.S. dollar could help maintain the currency’s ascendancy in global commerce
Bitcoin and Cryptocurrency Are ‘Like a Giant Garbage Dumpster,’ Says Minneapolis Federal Reserve President
13.2.2020
The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, said on Tuesday that bitcoin and other cryptocurrencies are “like a giant garbage dumpster.” He would rather his one-year-old daughter have a low yielding Treasury bond than a bitcoin, emphasizing that...
Bangladesh Bank with $4 Billion in Assets Now Employs RippleNet
13.2.2020
Bangladesh-based Bank Asia becomes a member of Ripple’s RippleNet blockchain-enabled remittances network
XRP Surges After Ripple Signs Deal with Large Egyptian Bank
13.2.2020
XRP, the token associated with the U.S.-based fintech firm Ripple, today soared to its highest level in U.S. dollar terms since July 2019 after the company announced yet another partnership, this time with the National Bank of Egypt, known as the largest state-owned bank in the country.
As...