Venezuelan authorities have ordered the termination of operations with payment systems Visa and MasterCard because of sanctions from the United States. This is stated in a joint statement by the Central Bank of the country and the Department for Supervision of the Banking Sector under the Ministry of Economy and Finance, signed on May 16. It is expected that operations on debit cards Visa and MasterCard will be stopped from November 30, 2019, […]
Economy
In the future, each inhabitant of the planet will have their own cryptocurrency. This opinion was expressed by the Russian Internet ombudsman Dmitry Marinichev during a press conference at the NCH on Monday, May 20. “Altcoins will be unlimited on planet Earth. Each person, each company, each process, each entity will have its own altcoin. But this is not in the literal sense of a cryptocurrency, as […]
Russia and Venezuela will discuss the possibility of switching to settlements in rubles. This was announced by the Ambassador of Venezuela at the UN Geneva Office, Jorge Valero, Izvestia writes. The diplomat said that US sanctions and blocking accounts in dollars and euros had a negative impact on the country's economy. Venezuela has difficulty accessing international financing and oil investments. “We are now trying to carry out […]
Joseph Stiglitz, Nobel Prize winner in economics and a professor at Columbia University, proposed a total ban on cryptocurrency during his interview with CNBC. Stiglitz is concerned that cryptocurrencies are used in criminal activity and operations with them are opaque. At the same time, the Nobel laureate favored the development of digital payment systems for national currencies. “I believe that the transition […]
In the framework of the joint operation of the Federal Criminal Police of Germany, the prosecutor's office and Europol, the Wall Street Market dark-marketplace servers were discovered and confiscated. Three arrests were also made. Double blow to wall street market and Silkkitie (Valhalla) shut down after coordinating by @EkaPol. All the […]
The Bank of Russia presented a report in which it assessed the advantages and disadvantages of digital currencies whose issuers are central banks. Thus, the document titled “Does the digital currency of central banks have a future?” Notes a gradual decline in the role of cash and digitalization of payments, in the conditions of which regulators are studying the possibility of issuing digital currencies of central banks (central bank digital currency, CBDC). "From the point of […]
At the end of last week, President of Belarus Alexander Lukashenko proposed to build a large data center for mining cryptocurrency next to the Belarusian nuclear power plant. The initiative of the president was welcomed by the mining community. Local experts Alexander Lozben, Victor Prokopen and Alexey Vorobey told ForkLog how the implementation of the idea will affect the country's economy. Founder of the company Cryptocode and member of the Belarusian Blockchain […]
France will contribute to the promotion of blockchain technologies, considering them as a means of countering the monopolies of financial giants, said Finance Minister Bruno Le May at Paris Blockchain Week. It is reported by France 24. He noted that France has already prepared legal, fiscal and accounting regulatory frameworks for managing cryptocurrency fundraising as a basis for developing the blockchain economy. “Blockchain protocols […]
The Russian company RT-Project Technologies, part of the Rostec State Corporation, and the Seldon Group of Companies signed a memorandum of cooperation in the development of digital services. The document suggests the creation of the country's largest certification center. This was reported to ForkLog by company representatives. The center is expected to provide services in the field of electronic document circulation and data exchange, invoice exchange and work with online cash registers. […]
Cryptocurrency [Bitcoin] throughout the world should be banned, and those people who are engaged in its distribution should be prosecuted as speculators. This was stated in an interview with the Federal News Agency by the First Deputy Chairman of the State Duma Committee on Economic Policy, Industry, Innovative Development and Entrepreneurship Nikolay Arefyev. “I have only one opinion – this currency should not be at all, […]