Tag: Economy & Regulation

A New Bitcoin World

Crypto-Friendly Statesman Takes Over Swiss Presidency

Crypto-Friendly Statesman Takes Over Swiss PresidencyAfter serving as finance minister of one of the most economically influential nations over the past three years, Ueli Maurer is now starting his term as President of the Swiss Confederation. Given his track record and liberal views regarding fintech regulation, Maurer’s election is considered a positive development for the alpine nation’s expanding crypto industry. Also […]

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January 6, 2019 0

Four Cryptocurrency Hotspots That Saw Tremendous Growth in 2018

In the last few years, the cryptocurrency environment has changed drastically and there is a bunch of new cryptocurrency hotspots popping up across the globe. Gone are the days when certain territories such as Zug, Prague, and other blockchain hub cities dominated the headlines. Now a variety of different regions like Malta, South Korea, Hong […]

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January 5, 2019 0

Venezuela Approves Law Granting Legal Effect to the Petro

Venezuela Approves Law Giving Legal Effect to the PetroA government plan to counter economic sanctions is coming into force in Venezuela after parliament passed a law on crypto asset regulation. The law, originally proposed by the country’s leader Nicolás Maduro, gives legal effect to the petro, Venezuela’s multi-asset-backed digital currency. Also read: Nigeria’s Opposition Leader Promises Cryptocurrency Policy If Elected President ‘Breaking Financial and […]

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November 24, 2018 0

Estonia Issues Over 900 Licenses to Cryptocurrency Businesses

Estonia Issues Over 900 Licenses to Cryptocurrency BusinessesIn less than a year since Estonia introduced licensing for companies operating in the cryptocurrency industry, the number of licenses issued has surpassed 900. Authorities in the Baltic country have adopted a rather progressive approach to regulating the crypto space but startups have complained that local banks are still reluctant to offer them regular services. […]

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November 17, 2018 0

Iran Completes Development of Rial-Supported National Cryptocurrency

Iran Completes Development of Rial-Supported National CryptocurrencyIran has finalized the development of its national cryptocurrency, which is backed by the local fiat unit, the rial. Once the Central Bank of Iran (CBI) approves its use, the yet-to-be-named digital currency will then be issued to banking institutions for testing in payments, internal and interbank settlements according to local media reports. Also Read: Bahamas […]

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November 11, 2018 0

Venezuelan Banks Start Using the Petro to Denominate Customer Balances

Venezuelan Banks Start Using the Petro to Denominate Customer BalancesVenezuela’s controversial national cryptocurrency, the petro, is slowly permeating the everyday lives of its citizens. The currency, each unit of which is supposedly backed by a barrel of oil, has begun appearing on screens when Venezuelan customers log in to their bank accounts. The move marks the latest attempt by President Nicolás Maduro’s government to […]

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November 6, 2018 0

Sberbank CEO Sees Huge Potential for Cryptocurrency

Former Russian Economics Minister Sees "Huge" Potential for CryptoHerman Gref, the former Russian minister of economics and trade and the current CEO of Russia’s largest bank, Sberbank, recently articulated his expectation that cryptocurrency will have a profoundly transformative effect upon society in coming decades. Despite his longer-term outlook, Gref also expressed his belief that cryptocurrency and distributed ledger technology still needs up to […]

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October 23, 2018 0

Despite Setbacks Crypto Wages Still an Option for Russians, Poll Finds

Despite Setbacks Crypto Wages Still an Option for Russians, Poll FindsCrypto markets have passed through hard times this year but cryptocurrency remains a viable remuneration option for businesses in the industry and their employees in Russia, new numbers and estimates suggest. The observation is valid for many companies and contractors around the world as a number of platforms now match employers and job seekers in […]

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October 13, 2018 0

Billion-Dollar Startups Flourishing in Switzerland’s ‘Crypto Valley’

Next Silicon Valley: Switzerland's Billion Dollar Cryptocurrency Startups FlourishThe top 50 cryptocurrency and blockchain-related companies in Switzerland’s version of Silicon Valley are now worth $44 billion combined, underscoring the steady growth of the Swiss crypto industry. Altogether, cryptocurrency firms employ about 3,000 people throughout the small country. Included among the top 50 are five “unicorns,” or startups with a market valuation of more […]

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October 10, 2018 0

Alternative Crypto Bills Presented in Ukraine and Russia

Alternative Crypto Bills Presented in Ukraine and RussiaDraft laws employing alternative approaches to regulating digital currencies have been introduced in Ukraine and Russia. In Kiev, a bill that classifies cryptocurrency as an asset, unit of exchange and store of value has been filed in the Rada and it’s supported by both deputies and representatives of the industry. In Moscow, the managers of […]

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September 16, 2018 0