The Ministers of Finance and the Heads of the Central Banks of the G7 countries agreed to develop and distribute uniform cryptocurrency regulation rules to the whole world. This was announced on Wednesday by US Treasury Secretary Stephen Mnuchin in an interview with CNBC. “I can say that there is a 100% agreement between the finance ministers and the heads of the G7 central banks, that we will establish rules for regulating cryptocurrencies around the world. We will act as guarantors of the fact that cryptocurrencies will not be used for illegal operations , ”said Mnuchin. According to him, all…
Author: BlockchainJournal
The Bankrate research website summed up a nationwide study of US financial behavior. Leading American business media have begun to give an example of the household budget in the country, taking into account the costs of cryptocurrencies, in particular, Bitcoins . The fact that this is a trend is also confirmed by a fresh nationwide study of the financial behavior of Americans, which was conducted by the analytical portal Bankrate. According to published data , 17.9% of millennials, that is, those who are between 22 and 37 years old, believe that investing in digital assets on the blockchain is the…
The9 Ltd, a Shanghai company, was the first to invest in the Telegram blockchain project in the course of the closed offer of coins (ICO) held in 2018. This is stated in the statements of the company posted on the website of the US Securities and Exchange Commission (SEC). The materials indicate that The9 Ltd for $ 2 million acquired 5 297 257 tokens of Telegram Inc., the release of which is expected […]
Customer identification is a big problem today for technology companies, financial institutions and government agencies. This problem is no less acute for crypto-industry: on the one hand, it is necessary to respect the necessary privacy and protect user data from hacking and the “third party”, on the other – something must be done to increase cryptocurrency fraud. The KYC / AML rules, offering their solution to the problem of identification, ensure the acceptance of cryptocurrency in society, but at the same time, they cause a conflict between users and regulators. Let's look at what this contradiction is, what the rules…
The Iranian authorities made the final decision regarding the mining of cryptocurrencies – mining will be legalized. The relevant government decision was published on the website of the Chamber of Commerce, Industry, Mining and Agriculture of Iran. Now, lawmakers will have to make several amendments to the law, which will allow legally carrying out cryptocurrency mining activities in the country. Why it is so important for the entire industry: Iran is one of the most profitable regions in terms of mining, and this is caused by low electricity prices. However, the government was wary of a new type of activity,…
Clients of one of the largest Scandinavian airlines Norwegian Air will be able to pay for air tickets with Bitcoin. However, while this opportunity will be available only to residents of Norway, reports Decrypt. In addition, already in August, the company intends to open the Norwegian Block Exchange (NBX) cryptocurrency exchange, and further to launch additional trading platforms in neighboring countries. The new site integrates the existing program of awards Norwegian […]
The State Duma of the Russian Federation adopted in the second reading a bill on the regulation of the crowdfunding market. The document, initiated by a group of State Duma deputies and members of the Federation Council headed by Anatoly Aksakov, chairman of the lower chamber chamber of the financial market, talks about the requirements for operators of investment platforms. For example, they must have their own funds (capital) in the amount of at least 5 million rubles and be registered in a special register of the Central Bank of Russia. At the same time, the bill states that an…
Senators submitted a bill to the State Duma of the Russian Federation, which provides that only citizens identified in the order established by the government will be able to use e-mail in Russia. The bill was prepared by the head of the Council of the Committee on Constitutional Legislation and State Construction, Andrei Klishas, his deputies Lyudmila Bokova, Alexander Bashkin and Alexander Karlin. Deputies propose amendments to the law “On Information, Information Technologies and Protection of Information”. “It is proposed to identify e-mail users using a subscriber number on the basis of an identification agreement concluded by an e-mail service…
On the page of the famous and rather peculiar representative of the bitcoin industry, John McAfee, a message appeared about his possible arrest. Apparently, it was posted by the head of the presidential campaign of McAfee 2020 Rob Benedict Juan Maria Loggia-Ramirez. (1/4) This is @loggiaonfire again. John McAfee, @theemrsmcafee and other companions have been detained by the authorities at […]
A working group with the Indian government headed by economic secretary Subhas Chandra Garga recommended that the authorities ban all cryptocurrencies except for digital tokens issued by the central bank. Reported by Reuters. Thus, the penalty for using cryptocurrency involves fines of up to 250 million rupees ($ 3.63 million) or imprisonment of up to 10 years. Also the group filed for […]