Philippine Special Economic Zone Grants Licenses to Three Crypto Exchanges
The Cagayan Economic Zone Authority has awarded licenses to three crypto exchanges and expects to raise $3 million in investment Go to Source Powered by WPeMatico
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New EU Directive Sets Stricter Transparency Rules for Digital Currencies
The EU Fifth Anti-Money Laundering Directive has come into force, setting new rules for European financial watchdogs to monitor cryptocurrencies Go to Source Powered by WPeMatico
Korean Government Criticized for Crypto Exchange Hacks, Upbit Denies Hack Rumor
The South Korean government has been criticized for not doing enough to help prevent hacking at cryptocurrency exchanges. Data obtained by the regulators show that three crypto exchanges were hacked, with damage of almost $1 billion, after having gone through an inspection by the government. Meanwhile, one of the nation’s largest crypto exchanges, Upbit, has denied … Read more
Former World Bank Chief Economist: Bitcoin Will Fail as Governments Increase Regulation
Three U.S. economists offer harsh criticism of Bitcoin, claiming that it’s doomed to be “regulated into oblivion” Go to Source Powered by WPeMatico
Chinese Yuan Now Accounts for Less Than 1% of Bitcoin Trades, Says PBoC Report
Report: China’s central bank says the yuan now accounts for less than 1% of global Bitcoin trades, down from over 90% prior to the country’s crypto Go to Source Powered by WPeMatico
Hodler’s Digest, July 1-8: Finland Calls Bitcoin a ‘Fallacy,’ While EU Warns Against BTC Pessimists Like Robert Shiller
Malta takes more steps to becoming the “blockchain island,” IBM signs a $740 mln deal with the Australian gov’t for blockchain tech, and more in this week’s Hodler’s Digest Go to Source Powered by WPeMatico
Wendy McElroy: The Free Market Can Provide Law
The Satoshi Revolution: A Revolution of Rising Expectations Section 4: State Versus Society Chapter 9, Part 3 The Free Market Can Provide Law Crypto is the Wild West, and there ought to be a law. I agree. But agreement is the beginning of a vigorous dispute. It comes down to the question of “what is … Read more
Germany’s Finance Ministry: State-Issued Digital Currency Has ‘Not Well Understood’ Risks
Germany’s Ministry of Finance says issuing a central bank digital currency contains “a number of risks that are not well understood” Go to Source Powered by WPeMatico
Romania Releases Draft Bill Regulating the Issuance of Digital Currency
Romanian authorities have published a draft bill to regulate the issuance of electronic money within the country Go to Source Powered by WPeMatico
India: Senior Opposition Member Demands Probe Into ‘Mega Bitcoin Scam’
A member of the Indian opposition party has demanded a probe into a supposed “mega Bitcoin scam” involving majority officials Go to Source Powered by WPeMatico