Venezuela Urges 10 Other Countries to Adopt Its Oil-Backed Cryptocurrency
Venezuela’s president Nicolas Maduro has called for 10 other countries to adopt his planned oil-backed cryptocurrency, the petro. This move follows the country’s parliament declaring the issuance of this new currency illegal. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Maduro’s Proposal Maduro held a meeting of the […]
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The first issue of Venezuela’s national cryptocurrency has been ordered by President Nicolás Maduro. He has also called for the first national meeting of the petro’s miners where he will release the whitepaper for the new currency. Also read: Venezuela Unveils Mining, Trading, and Launch Details of National Cryptocurrency 100 Million Petros Incoming On Friday Venezuela’s […]
A recent survey of 10,000 men and women across Japan shows that 88% of them have heard of bitcoin. Among those that have bitcoin, 47% said that they have used it in retail stores but long-term investment is most respondents’ main reason for purchasing bitcoin. Also read: Local Japanese Government Considers ICO to Revitalize Region 88% […]
Russia’s president Vladimir Putin has reportedly ordered the issue of the national cryptocurrency, the “cryptoruble.” The Russian Minister of Communications and Mass Media has revealed some details of this new currency. Also read: Putin Confirms Russia Will Regulate Cryptocurrencies Putin’s Executive Order Russia’s Minister of Communications and Mass Media, Nikolay Nikiforov, said at a closed meeting […]
Russia’s regulators have revealed how they plan to find and tax cryptocurrency miners as well as license them. This follows their meeting with Russia’s President Vladimir Putin. At the meeting, they agreed to regulate cryptocurrency mining, alongside cryptocurrencies themselves including bitcoin. Last week, the finance ministry proposed creating a registry of crypto miners. Also read: Research […]
A Finland-based law firm, Nordic Law, made an announcement Thursday they would begin accepting bitcoin payments for legal services rendered. Specializing in business and law, the firm recognized their clients’ needs for leveraging alternative forms of payment. Also read: Remittance Startup Bitspark Drops Bitcoin Over Network Fees The company blog explains: “We have received several inquiries […]
The President of the Russian Federation, Vladimir Putin, held a meeting on Tuesday to discuss cryptocurrencies. It was attended by top regulators including the central bank governor, her deputy, and the finance minister. While Putin acknowledged the risks associated with cryptocurrencies, he stressed the importance to not “build up unnecessary barriers” for new technologies. Also […]
The Russian State Duma is holding a tender for a detailed study on the subject of cryptocurrency, blockchain technology, and initial coin offerings (ICOs). The government will pay the winner 2.5 million rubles out of the federal budget. The deadline for submissions is October 10. Also read: Bank of Russia Opposes Cryptocurrency Legalization, Worried About ‘Loss […]
A professor at China’s Renmin University has offered his interpretation of why the regulators are shutting down Chinese bitcoin exchanges. He outlined seven key reasons. Also read: China’s Regulatory Crackdown Forces More Bitcoin Exchange Closures Professor Yang Dong is Deputy Dean of Renmin University’s Law School and Director of Renmin’s Centre for Fintech and Internet Security. […]
A South Korean district court has ruled for the first time regarding the nature of digital currencies. In the case where 216 bitcoins were seized by the police as criminal proceeds, the court ruled that it is inappropriate to confiscate bitcoins. Also read: South Korea to Dispose of 216 Bitcoins in First Public Auction The Court’s Ruling […]
