How are governments adapting to disruptive digital currencies like bitcoin and blockchain payment systems?
The transition to digital transactions will help country cope with a shrinking population and a tight labour market.
Zuckerberg took pains to reassure lawmakers that his company won't move forward with Libra, the digital currency project of Facebook, without explicit approval from all US financial regulators.
German Finance Minister Olaf Scholz speaking with reporters at the IMF and World Bank fall meetings in Washington, cited growing concern about such “stablecoins” and the potential international risks they posed.
Bitcoin has become a lifeline for Gaza as the US and Israel treat the territory as a pariah state in an effort to undermine Hamas. Gazans are hoping that cryptocurrencies like Bitcoin can fill the void of a national currency.
Bithumb said in a notice that it had stopped all trading after ascertaining “some cryptocurrencies worth about $32 million were seized between Tuesday and Wednesday.
The SOV digital currency will be recognised in law as legal tender, effectively backed by the government of the Marshall Islands.
Smari McCarthy, a lawmaker for Iceland's Pirate Party, suggests taxing the profits of bitcoin mines as large virtual currency mining companies have established a base in the country.
The extraordinarily rapid rise in the price of Bitcoin, a controversial form of currency yet to be widely accepted, has led many financial experts to call it a speculative bubble that's waiting to burst.
Bitcoin began trading on its first major global exchange Sunday, in a milestone for the digital currency that has surged to record highs this year.
The cryptocurrency fell as much as eight percent on Thursday on the Luxembourg-based Bitstamp exchange to hit $9,000 exactly, marking a fall of well over $2,000 in under 24 hours.
The stratospheric rise of bitcoin in 2017 has focused attention on cryptocurrencies. Created in 2009, bitcoin uses encryption and blockchain technology to enable fast and anonymous funds' transfers outside of a traditional centralised payment system.
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