Cryptocurrency Analysis and News Portal
Iranian protesters have set the building of the Central Bank of the Islamic Republic of Iran in the city located in the city of Behbahan on fire, as the cryptocurrency community closely follows the developments.The official twitter profile of libertarian media company BeingLibertarian published a video of what is
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The People's Bank of China (PBOC) announced that it will pilot a restriction on large-scale cash transactions in three different regions across the country, with one expert calling the move paving the way for its upcoming digital Renminbi token (RMB).On Nov. 14, local news outlet Xinhuanet reported that the
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The former Federal Reserve chairman Alan Greenspan said at a conference that it is pointless for central banks to issue their own digital currencies.Presenting his views, Greenspan said that national (fiat) currencies are backed up by sovereign credit and therefore are far superior to digital assets proposed by tech giants
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As China moves forward towards the launch of the digitized version of its traditional currency, investors and financial authorities all over the world closely monitor and assess its implications for the general public.With worries of surveillance and abuse in mind, the head of the People’s Bank of China’s digital currency
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Jean-Claude Trichet, former president of the European Central Bank has affirmed his doubts over cryptocurrency, claiming that it can never become the future and replace fiat currency.Trichet is merely the latest anti-crypto member with a banking background to express a dislike over the new emerging technology of cryptocurrency that is
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In what comes as major development in the adoption of a blockchain technology and crypto, Tunisia announces its own Central Bank Digital Currency (CBDC). With this launch, Tunisia positions itself as the first major country to adopt a CBDC, faster even than previously anticipated.The new cryptocurrency, called “E-dinar,” was officially
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Facebook’s announcement in June to launch its own cryptocurrency, Libra, met a lot of obstacles as countries including France and Germany claimed that the use of Facebook’s digital currency in their territories could be a potential risk for their financial sector.In accordance with that assessment, recently a European Union draft
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Blockchain has received fresh endorsement from China in the form of a development pact with the de facto central bank of Hong Kong. In a news post on Nov. 6, the Hong Kong Monetary Authority (HKMA) confirmed it had signed a Memorandum of Understanding (MoU) with a subsidiary of the
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In order to curb the fast depleting foreign reserve in Argentina, the Central Bank of the Argentine Republic has placed a stringent restriction on the amount of Bitcoin(BTC)trade and US dollar its citizens can purchase, and limited the means with which people could make such purchases.Argentina’s economy may have hit
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After recently imposing limits on U.S. dollar purchases, the Central Bank of Argentina (BCA) announced Oct. 31, that citizens are prohibited from using credit cards to buy Bitcoin (BTC) or other cryptocurrencies. The news was initially reported by CryptoX Brazil on Nov. 1. All in the name of preserving forex
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