Bank of England Adviser: Cryptocurrencies Fail Basic Financial Tests, Lack Value

Huw van Steenis, senior adviser to Bank of England’s (BOE) Governor Mark Carney, told Bloomberg in an interview Monday, Jan. 21, that cryptocurrencies fail fundamental financial tests. Van Steenis joined BOE in 2018, having previously worked at Schroders and Morgan Stanley. He is currently heading a review of the future of finance, according to Bloomberg….

Read more »

Russia’s Prime Minister: Bear Market Is Not a Reason to Bury Cryptocurrencies

The massive 2018 bear market is not a reason to bury crypto, Russian Prime Minister Dmitry Medvedev claimed in a speech at the Gaidar forum. Russian news agency TASS reported on Medvedev’s comments yesterday, Jan. 15. Medvedev outlined the current crypto market situation as one of the main questions on the world community’s agenda, along…

Read more »

China Introduces New Anti-Anonymity Regulations for Blockchain-Related Companies

The Cyberspace Administration of China (CAC) has introduced new regulations for blockchain firms that are operating in the country. The announcement was published on the regulator’s website on Thursday, Jan. 10. According to the CAC, the guidelines, which will come into force on Feb. 15, were developed to contribute to the healthy development of the…

Read more »

French Tobacco Shops Start Selling Bitcoin Despite Regulatory Uncertainty

Several tobacco shops in Paris, France, have started selling Bitcoin (BTC) for fiat despite regulatory uncertainty, Reuters reports Tuesday, Jan. 8. Reuters has learned that the world’s largest cryptocurrency can now be purchased at six tobacco shops throughout Paris. However, in a contradicting report French magazine Capital has claimed that there are as many as…

Read more »

Gab Turns to Square's Cash App After Coinbase Allegedly Froze Its Account

Controversial social media site Gab is reportedly now using the Cash App from United States-based payments firm Square to transact and receive Bitcoin (BTC) donations. The company’s official Twitter posted the announcement Jan. 6. Founded in 2016, Gab is a social network which presents itself as a haven for uncensored speech online. It has risen…

Read more »

Chilean Treasury Launches Blockchain Platform to Process Public Payments

The Chilean General Treasury of the Republic (TGR), which oversees tax collection in the country, has launched a blockchain platform to process payments, according to a press release published Dec. 19. TGR — a dependent institution under the Ministry of Finance — reportedly first met with the Digital Government Division of the Ministry General Secretariat…

Read more »

Fred Wilson: Crypto No Safe Haven in 2019, Investors More Wary of Startup Sector

Venture capital investor Fred Wilson suggested that cryptocurrency will not be a safe haven in 2019 amid a “weakening” economy, according to a blog post published Jan. 1. Wilson is an American venture capitalist and businessman, who has reportedly backed such companies as Twitter, Tumblr, Zynga, and Etsy. He is also a cofounder of New…

Read more »

Hive Criticizes Norwegian Government Amid Concession Cuts to Miners

Hive Blockchain Technologies has published an update regarding the company’s response to the Norwegian Parliament’s recent approval of a legislative bill that will restrict cryptocurrency miners from accessing the tax relief on electricity consumption available to other power-intensive industries. The release criticizes the government’s “unilateral” move to suspend the subsidy without consulting with representatives of…

Read more »

Why We Rejected an Offer from Government to Help Expand Our Company

This story about a rejected government offer was written by Tomas Forgac, friend of Bitcoin.com, early Bitcoin investor and entrepreneur, now focusing on Bitcoin Cash adoption and growth.  *** An unnamed pro-crypto government recently gave Bitcoin.com an unsolicited offer to finance the expansion of operations. While we are grateful for the trust given to us and…

Read more »

Indian Government May Soon Clarify Stance On Cryptocurrencies

According to a counter-affidavit seen by Quartz, a global news media, a committee will deliberate on a draft bill prepared on cryptocurrencies next month. The government filed a counter-affidavit to the supreme court on Nov. 19, 2018. The Finance Ministry Panel and IMC The document showed the Indian government is preparing a draft bill on…

Read more »

South Korea’s Zeniex Closes Amid Government Crackdown on Unauthorized Crypto Exchanges

South Korea’s cryptocurrency exchange Zeniex will soon terminate its services due to a recent government crackdown on unauthorized platforms, a post by Zeniex reveals Friday, Nov. 9. The crypto exchange, a joint project by South Korea and China which opened May 2018, states in the post that due to “recent issues,” they have “come to…

Read more »

State Duma Chairman: Russian Stablecoin Would Be Equivalent to Fiat Ruble in ‘Digital Space’

The chairman of Russia’s State Duma Committee on Financial Markets has said that a state-backed stablecoin would be a complete equivalent to the Russian fiat ruble in a digital space, state-operated Russian news agency RIA Novosti reported Nov. 7. Chairman Anatoly Aksakov said that the “crypto ruble,” which may appear after the adoption of laws…

Read more »

Marshall Islands President Faces No Confidence Vote Due to National Crypto Plans

The President of the Republic of the Marshall Islands Hilda Heine faces a vote of no confidence due to her administration’s plans to introduce a national digital currency, Radio New Zealand News (RDZ) reported Nov. 5. The Marshallese parliament initially endorsed the creation of the national digital currency,  which would be called the Sovereign (SOV),…

Read more »

Venezuela Begins Public Sale of National Cryptocurrency Petro

The Venezuelan government has opened up an exchange desk for the country’s national cryptocurrency at the headquarters of the Superintendency of Cryptoassets. According to the government, investors can now purchase the petro with a number of fiat currencies and cryptocurrencies. Delegates from China have reportedly purchased some with yuan. Venezuela Starts Selling Petro On Monday,…

Read more »

New Zealand Gov’t-Backed Institute Issues Grant to Crypto Wallet and Trading Service

  New Zealand’s state-backed innovation institute Callaghan Innovation awarded a $330,000 grant to a local crypto wallet and trading service, according to a press release published Tuesday, Oct. 30. Callaghan Innovation issued an “R&D Project Grant” to local crypto wallet and trading platform Vimba, a rebranded version of former MyCryptoSaver. Following the grant, the crypto…

Read more »

Austria to Issue €1.15 Billion of Government Bonds on Ethereum

The government of Austria is to utilize ethereum’s public blockchain for the issuance of €1.15 billion ($1.35 billion) of government bonds in an auction that starts this October 2nd. Austria’s Finance Minister, Hartwig Löger, says: “For us, blockchain technology forms a focus of economic policy. Through setting up the FinTech Advisory Council at the Ministry of…

Read more »

Congressional Crypto Roundtable: Panel Discusses Token Classification and Compliance for ICOs

More than 45 representatives from major Wall Street firms and crypto companies took part in a meeting to discuss Initial Coin Offering (ICO) and cryptocurrency regulations in Washington D.C. September 25. The “crypto roundtable,” hosted by Congressman Warren Davidson in the last legislative session week before elections, gave a chance for industry representatives to express…

Read more »

US: Crypto Industry Reps, Lawmakers, Venture Capitalists to Discuss Regulatory Landscape

Representatives from U.S.-based financial giants and cryptocurrency startups will meet with Washington lawmakers this Tuesday to discuss the regulatory landscape, CNBC reported September 24. The roundtable dubbed “Legislating Certainty for Cryptocurrencies” will reportedly be hosted by Rep. Warren Davidson (R-Ohio). The attendees will address the issue of policy-making regarding the new asset class in the…

Read more »

Exchanges Don't Take Enough Action to Prevent Abusive Trading, New York Prosecutor Says

An analysis published by the New York attorney general hones in on a number of exchanges, pointing out what it perceives as a lack of accountability and customer protection. The office of the New York State attorney general submitted a report on Tuesday that highlighted what it perceived as problems that were pervasive in the…

Read more »

New York Attorney General Report Says Crypto Exchanges are at Risk of Manipulation

A new report published by the New York Attorney General’s office on September 18 says that cryptocurrency exchanges are vulnerable to manipulation, conflicts of interest, and other consumer risks. The report represents the results of the “Virtual Markets Integrity Initiative” launched in April, when New York Attorney General Eric T. Schneiderman sent letters to thirteen…

Read more »