International banks representatives and other financial officials believe that there are no risks to financial systems connected with cryptocurrency. As well, according to their opinion, cryptocurrency doesn’t pose any danger to a financial system of any country. On the contrary, the FSB, an international agency that consists of 68 local institutions, regulators, ministries of finance
The largest telecom operator in Mongolia has received the license to issue its own digital currency. Mobifinance, which is a financial arm of Mobicom, is going to issue its own cryptocurrency, dubbed Candy, to investors. The bank executives have received the permission from the Central Bank of Mongolia. The bank and the company representatives believe,
LINE, a Japanese messaging giant, has unveiled 5 decentralized apps and a new digital coin aimed at Japanese users. LINE has reported more than 214 million active users, and more than 30 mln of which are already using the online payment service of the company, called Line Pay. From now on, the company is going
Google, the USA tech giant, is going to introduce some updates in the ad policy accepted in October previous year, in particular, policy regarding the ads about cryptocurrency and all related topics. The company made an official announcement about it on the 25th of September. Now, Google will allow some exchanges that have all proper
Andreessen Horowitz, American venture capital fund, has invested 15 mln USD into the blockchain startup called MakerDAO. The news was announced on the 24th of September. MakerDAO is a firm that is behind the Ethereum based Stablecoin, and its credit system. DAI users can get a stable coin when they lock some stable amount of
The parliament of Ukraine, called the The Verkhovna Rada, has proposed a tax bill on cryptocurrencies. The bill was initiated by 23 officials and is suggesting a tax of 5% on individuals and legal entities that perform any kind of operations with cryptocurrencies. However, the tax rate should increase form the 1st of January 2014,
Goldman Sachs Group Inc. is delaying the cryptocurrency trading desk opening. The plans to open a crypto-trading desk were disclosed in June this year, even there was a focus made that Goldman Sachs is going to become the first Wall Street company that is going to deal with cryptocurrencies. However, now, the plans have changed.
The national cryptocurrency of Venezuela which is the only country in the world that is backed up by a physical asset, in this case, was supposed to solve the situation in the country and bring prosperity to its population. However, this happened to be different. Many experts from the very start have suspected, that the