Lithuania to Announce Tough New Crypto Laws
Lithuania is reported to be working on cryptocurrency regulations which surpass Europe’s Anti-Money Laundering Directives for their prohibitive impact. The new changes are likely to put pressure on the cryptocurrency space as the government in Vilnius attempts to tighten its control. Lithuania’s central bank has also been canvassing commercial banks and exchanges to get a […]
South Korea Banks to Open Payment Network to Fintech Firms by December 2019
Banks in South Korea have agreed to make their payment networks fully available to financial technology (fintech) firms by December this year, according to local news outlet Korea Bizwire. The move is seen as the latest in a government effort to encourage the development of modern payment technologies and foster a more competitive financial sector. […]
India Retail Payments Corp Considers Blockchain
The National Payments Corporation of India (NPCI) has announced that it is considering to use highly scalable blockchain solutions to improve digital payments in the country with an eventual aim to be the “best payment network globally”. Business Today India reported that the body had floated an Express of Interest that would enable bidders to […]
Could IMF’s “Learning Coin” Mean a Shift from Fear and Loathing to Acceptance?
The International Monetary Fund (IMF) and the World Bank’s recent announcement suggest that they are not quite going crypto, but are nonetheless launching a private blockchain complete with a coin. And this could have major implications for world finance. Although the “Learning Coin” may be a new concept that the two financial giants have carefully […]
Binance Report Shows Only 7% Institutional Bitcoin
A study released by global cryptocurrency exchange Binance indicates that only about 7% of Bitcoin in circulation is owned by institutional investors, suggesting that the much anticipated deluge of institutional investment in Bitcoin is yet to come. The report, published by the exchange’s research arm, Binance Research, shows that there is far more space for […]
Why Crypto is Booming in the Philippines
The Philippines is having a moment with cryptocurrency, which largely can be attributed to the country’s own political leadership. A combination of the Filipino government and the central bank, the Bangko Sentral ng Pilipinas (BSP), have a lot to do with the growing pro-Bitcoin sentiment in the Asian country. Indeed, for the nation’s authorities, cryptocurrency may well […]
Bitcoin Market Analysis: 14th April 2019
The BTC trading week, which began on 8 April, was a controversial one. At the beginning of the week, buyers continued their lazy attack on small volumes, but the replies of sellers were even weaker. Since this situation lasted from the beginning of the month, the probability of growth was gradually increasing. However, the main […]
