Featured Cryptocurrencies have been threatened at one point or another by nearly every country on the planet. Rarely does a government venture beyond rhetoric. Those resorting to crackdowns are often met with greater public appetite for decentralized virtual money, making all that initial fuss an exercise in futility. Be they communist strongholds or liberal democracies, bitcoin cannot be stopped.
Economy & Regulation Bank Indonesia, Unitary State of the Republic of Indonesia’s central bank, has issued perhaps its bluntest statement yet on curbing the use of cryptocurrency, affirming a hardening stance on the popularity of what it refers to as “virtual currency” such as bitcoin. Also read: Ditch University and High Transaction Fees! Bank Indonesia Warns All Parties Bank Indonesia
Economy & Regulation Bitcoin and the digital asset economy has seen a meteoric rise in value over the course of 2017. Various countries have caught the cryptocurrency fever, but the lion’s share of digital asset demand has stemmed from regions located in Asia. It’s clear from various data recorded all year long that countries like Japan, South Korea, Singapore and
Economy & Regulation French Finance Minister Bruno Le Maire announced on Sunday December 17th that the next Group of 20 (G20) meeting would include discussion about how to regulate the world’s most popular cryptocurrency, bitcoin. The digital asset hasn’t ceased in making news all year, and European politicians appear more concerned in direct proportion to its price increase, as shown
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Emerging Markets Reports indicate that Indonesian bitcoin payment platforms Toko Bitcoin and Bitbayer have ceased operations in response to recent announcements that the Bank of Indonesia will not recognize bitcoin as a means of payment. Although the position of Indonesia’s central bank renders the business model of cryptocurrency payment processors unviable, Indonesian bitcoin exchanges are continuing to operate freely. Also
Altcoins This week the Hong Kong-based bitcoin remittance provider, Bitspark, has announced the firm is switching its services over to the Bitshares blockchain instead of using bitcoin because it is “better suited for the company’s business.” Also read: Putin Tells Central Bank Not to Create Unnecessary Barriers to Cryptocurrencies Bitspark Drops Bitcoin for Bitshares Because of Unpredictable Fees Bitspark is