On September 4, IMF head Christine Lagarde addressed the Committee on Economic and Monetary Affairs of the European Parliament, where she appealed to central banks and financial regulators not to exert excessive pressure on innovations, including cryptocurrencies , in an effort to protect consumers. “With regard to new technologies, such as digital currencies, it is necessary to be alert when it comes to financial stability, privacy and illegal actions, and to ensure that all the necessary requirements are presented in order to channel technology for the benefit of society, ” she said. But it also means recognizing the wider benefits…
Author: BlockchainJournal
Jack Dorsey, the creator of Twitter, made it clear that he has no desire to create his own currency, like, for example, Facebook – he aims to help spread the Bitcoin cryptocurrency. During his visit to Australia to promote the services of Square, a digital payment company, Dorsey stated that open Internet standards were more effective for everyone than the standards introduced by or under their control. Dorsey noted that he was not interested in creating his own currency for Twitter or Square – he would prefer to use the existing "open standards", in particular Bitcoin. The head of Twitter…
The Marshall Islands issued blockchain- based national currency with limited supply in an attempt to "finally gain monetary independence in a way that reflects Marshall values." The release of the Marshallese sovereign (SOV) was announced in an essay by David Paul, Minister of Assistance to the President and Environment of the Marshall Islands. “Connected to the global financial system on its own terms” The Marshall Islands passed the Sovereign Currency Act in 2018, announcing its intention to issue its new national digital currency . A country that has been independent since 1979, still uses the US dollar as the official…
Thailand's leading cryptocurrency exchange Bitcoin Co. Ltd. (BX.in.th) announced that it will cease all operations on September 30th. Users must withdraw all funds by November 1. We will be halting all trading on September 30th 2019, please read the details here: https://t.co/R2PzRoHxeD – Bitcoin Co. Ltd. (@BitcoinThai) September 1, 2019 So, the exchange is not going to renew the license […]
The Marshall Islands, a state located in Micronesia, announced the launch of a currency based on innovative technology. This initiative has matured in the republic amid the desire to achieve independence in monetary policy in such a way as to preserve the values characteristic of the Marshall Islands. The republic’s intention to introduce a national digital currency became known last year, when the law “On Sovereign Currency” was adopted, where it announced plans to create a blockchain currency. The Marshall Islands received the status of an independent state in 1979, however, so far they have used the US dollar as…
In an attempt to protect consumers, central banks and financial regulators should not legally oppress innovative technologies, in particular, cryptocurrencies. This was stated by IMF head Christine Lagarde at a meeting with the Committee on Economic and Monetary Affairs of the European Parliament, writes Cointelegraph. In her view, regulators responsible for financial stability should act for the good of society. “With regard to new technologies, […]
Buenos Aires has introduced a limit on the purchase of dollars, but this only stimulates the purchase of cryptocurrencies . The economic block of the Argentine government has introduced measures to further control the movement of capital in the country. Now you can buy US dollars in the amount of not more than 10 thousand dollars, if we are talking about individuals. This is due to the fact that an increasing number of Argentineans tend to go online to foreign sites where they can buy bitcoin and other cryptocurrencies at an average market price if it is denominated in US…
Representatives of the Steemit service are happy to report the elimination of the bug and the return to full work. Streemit reported in its blog that the developers fixed the error found in the reward curve, so the service is returning to work as before. The functioning of the system stopped at the weekend. The Steemit team quickly developed a solution that did not involve a hard fork. The bug fix, however, required a restart of the nodes used by steemit.com, as well as other Steem applications, such as Steem Monsters. Users complained that they could not create new messages.…
Investment Management Companies VanEck Securities Corp. and SolidX Management plan to allow institutional investors to work with a Bitcoin (BTC) -based exchange-traded fund, reports The Wall Street Journal . According to the publication, two companies that previously applied for Bitcoin ETF approval to the US Securities and Exchange Commission (SEC) will use an “unusual” way to circumvent existing requirements. To do this, they will turn to the statutory exception, which will allow VanEck SolidX Bitcoin Trust securities to be offered to institutional clients, such as hedge funds and banks, while retail investors will stay away. WSJ writes that trading in…
Now, customers of the popular Burger King franchise, which has more than 10,000 outlets worldwide, can buy their favorite food for bitcoin using the restaurant’s mobile application. Restaurant customers in Germany have noticed BTC integration in the Burger King mobile app, among other payment methods such as Visa and PayPal. “Burger King in Germany now accepts Bitcoin using its app! Every day, more than 11 million people visit Burger King restaurants around the world. It is the second largest fast food restaurant in the world. BTC – there, here and everywhere! ” BREAKING: Burger King in Germany now accepts Bitcoin…