The Russian Association of Cryptocurrencies and Blockchain (RACIB) and the Commission for the Legal Support of the Digital Economy of the Moscow branch of the Association of Lawyers of Russia (MO AYUR) have introduced a tool that allows you to determine the value of a digital asset by the weighted average value of its rate per day. The system is proposed to be used in law enforcement practice, as well as for official business transactions and tax calculation. ForkLog found out what are the implications for […]
Economy
The United Nations Children's Fund (UNICEF) has established a cryptocurrency fund to accept donations in bitcoins and Ethereum. Digital assets will finance open source technologies for children and youth around the world. UNICEF became the first organization in the UN that transacts in cryptocurrency, the fund said in a press release. “If the digital economy and currencies have […]
The Liechtenstein Parliament passed the Blockchain Law this week, designed to stimulate the further development of new financial technologies and increase the effectiveness of the so-called “tokenomics” – an economy based on cryptocurrency tokens. According to Coin-Ratgeber, the preparation of the bill took three years, and after its adoption in the second reading, the document was sent for signature to the Prince of Liechtenstein. As the publication notes, […]
Only 1% of the US population owns bitcoins, which is too small for the institutional market, says Tom Lee, managing partner and head of research at Fundstrat Global Advisor. In an interview with The Block, Tom Lee called the main barriers that prevent large players from investing in bitcoin, pointing to the underdeveloped infrastructure, as well as the size of the market itself, which, in his opinion, is "too small." […]
PayPal, an electronic payment system operator, has officially confirmed its refusal to participate in the Libra digital currency project, which is being developed by the social network Facebook. A statement to withdraw from the Libra Association was distributed by PayPal on Friday, October 4. The company did not name the reasons for the refusal to participate in the project, noting only that it intends to continue to focus “on promoting the current mission […]
Golos project leaders voted to change the reward curve for authors and curators. The proposal was made a few days ago by the @lex leader. The majority supported a convergent linear curve already tested on the Steemit platform and having the formula ((x + s) ^ 2 – s ^ 2)) / (x + 4s) = (x ^ 2 + 2xs) / (x + 4s) = x * (x + 2s) / (x + 4s) […]
Russia has shown a “phenomenal” increase in the number of cashless payments – over eight years this figure has increased by 30 times. At the same time, Russia has become the largest market in Europe in terms of the volume of transactions using digital wallets and the world leader in the field of secure tokenized transactions. This is evidenced by the study of the international consulting company The Boston Consulting Group (BCG). According to the report, […]
Cryptocurrencies cannot be regulated by analogy with money or existing financial instruments. This was stated in an interview for the YouTube channel “Russian Norms!” By one of the initiators of the creation of the Belarusian High-Tech Park (HTP), investor of the Currency.com cryptocurrency exchange and founder of VP Capital, Viktor Prokopenya. “Cryptocurrencies are a new phenomenon, a new story. And under it you need to write your own rules with […]
The Venezuelan government uses cryptocurrencies “for free national and international payments,” Bloomberg reports citing President Nicolas Maduro. According to Maduro, the new tools of the Ministry of Finance and the central bank will soon allow everyone to carry out banking operations, including international payments. “Venezuela is already working in the cryptocurrency world,” Maduro summed up. Last week, it became known that the country's central bank is exploring the possibility of inclusion […]
EU competition commissioner Margret Westagher has launched an investigation into the digital currency project from Facebook. Her concerns are caused by the potentially anti-competitive nature of Libra. The EU's antitrust chief is scrutinizing Facebook's planned cryptocurrency because of the risk that Libra will lead to the creation of a new, entirely separate economy https://t.co/39DLuiBxwN – Bloomberg Crypto (@crypto) October […]