Economy & Regulation – DIGIT INFO

Traditional Law and Finance Can Adapt to Bitcoin, These Examples Show

DIGIT — Sun, 20 Oct 2019 18:48:23 +0000

Bitcoin brought about solutions to persistent problems that stood in the way of previous attempts to invent digital money, such as the risk of double spending. Some of its features, however, like the characteristic irreversibility of blockchain transactions, have created certain challenges for the traditional legal and financial systems. At times they may seem incompatible […]

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IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR

DIGIT — Mon, 14 Oct 2019 05:00:40 +0000

Virtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address limitations of gold and standard fiat currencies such as the USD. In short, should these fail, central banks and their governments retain […]

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More Nations Join the Club of Crypto-Friendly Jurisdictions

DIGIT — Sun, 13 Oct 2019 23:48:57 +0000

Regulatory barriers are a major concern for businesses working with decentralized assets. Not all governments, however, are putting obstacles in front of crypto companies. In fact the number taking a crypto-friendly stance is in fact increasing. Also read: Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky Executives View Regulations as the Biggest Threat Government […]

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Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky

DIGIT — Sat, 12 Oct 2019 11:56:39 +0000

The new administration in Kiev, headed by the young president Volodymyr Zelensky, has brought renewed interest in cryptocurrencies. Fresh energy is now being injected into efforts to legalize decentralized digital money and regulate related economic activities. New draft laws have been proposed or are under preparation to accommodate the nascent industry, from which the Ukrainian […]

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Here’s How Belarus Pressures Russia to Legalize Cryptocurrencies

DIGIT — Mon, 07 Oct 2019 16:05:59 +0000

Relations between Belarus and Russia have always been quite complicated. The union the two close allies created has faced all kinds of challenges over its 20 plus years of existence. Now cryptocurrency is becoming a new apple of discord, as Minsk has taken a relatively friendly approach to regulating decentralized assets, while some in Moscow […]

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Liechtenstein Adopts Token Act to Attract Crypto Business

DIGIT — Sun, 06 Oct 2019 17:45:54 +0000

One of Europe’s smallest but richest nations, Liechtenstein, has made a significant step towards clarifying the regulatory environment in its already crypto-friendly jurisdiction. The parliament of the German-speaking principality in the heart of Europe has just passed a law that is likely to entice even more crypto companies to its territory. Also read: Turkish Government […]

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Russia Regulates Digital Rights, Advances Other Crypto-Related Bills

DIGIT — Fri, 04 Oct 2019 20:32:19 +0000

After much deliberation in the past months and years, Moscow has recently taken important steps toward regulating the crypto space. These are part of the efforts to open the way for the development of the Russian digital economy. The country, heavily dependent on energy exports and hurt by Western sanctions, needs alternative sources of revenue […]

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Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet

DIGIT — Wed, 02 Oct 2019 21:45:51 +0000

U.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed for the lack of liquidity in the repo market’s cash reserves, […]

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Why the Birth of Bitcoin Can Be Traced Back to 1971

DIGIT — Sun, 01 Sep 2019 08:30:23 +0000

The world economy is a complex system that has undergone many different phases in the past century. As strange as it may sound today, there have been times when banking crises were rare, pay was rising alongside productivity, and the U.S. dollar would buy a certain amount of pure gold. Despite its obvious successes in […]

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Crypto Salaries Gain Regulatory Recognition Around the World

DIGIT — Thu, 29 Aug 2019 00:43:10 +0000

Salaries paid in decentralized digital coins have become a norm across the crypto industry, but there’s really no reason why cryptocurrencies can’t be used for remuneration by businesses in other sectors as well. In many jurisdictions that should be legal even in the absence of dedicated legislation. Switzerland, New Zealand, Japan and Estonia are a […]

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