Japan Central Bank Examines Digital Currencies Again

The role of central bank digital currencies (CBDCs) in the present monetary system is being re-examined by the Bank of Japan (BoJ). The central bank summarized the findings in a comprehensive report published after previous negative opinion of CBDCs by the bank last year. In the said report, BoJ mentioned various approaches to implement a CBDC. Moreover, […]

Elon Musk Praises Bitcoin, Says Paper Money Will Fall Apart

Elon Musk has maintained that cryptocurrencies provide a far better method to transfer value than “pieces of paper”. He expressed his views in an interview on advisory services firm ARK Invest’s podcast. When he was asked whether Bitcoin could be regarded as the only native digital asset of the internet, he replied that indeed its structure […]

Cryprus to Integrate EU’s Anti-Money Laundering Framework

The Cyprus Securities and Exchange Commission (CySEC) has requested the integration of the European Union’s (EU) Fifth Anti-Money Laundering Directive (AMLD5) into its national law to bring local crypto regulations under its provisions. In order to provide protection against terrorist financing and money laundering, AMLD5 was introduced on 9 July 2018. The directive establishes a new legal framework to keep […]

US Commodities Trading Commissioner Suggests Self-Regulatory Crypto Approach

The US Commodities and Futures Trading Commission (CFTC) seems to be considering a self-regulatory approach towards cryptocurrencies as commissioner Brian Quintenz has brought up the idea of self-regulation in a first. Quintez said that the members of the crypto community could create a self-regulatory structure during a Bipartisan Policy Center panel. More specifically, Qunitenz believes that […]

Bitmain IPO Dream Sinks Further After 2018 Q3 Earning Reports

According to Coindesk, cryptocurrency mining rig manufacturer Bitmain lost USD 500 million during its Q3 financials due to a prolonged bear market, citing a recent update on its financial results to the Hong Kong Stock Exchange (HKEx). According to a source, the company fell short of its quarterly earnings by as much as USD 500 […]