Jul 10, 2019 at 12:34
Over 82% of Italians Have Never Used Cryptocurrency
A recent Kaspersky report shows that ignorance is slowing down Bitcoin, cryptocurrency and blockchain technology adoption in Italy. Around 84% of the Italian people have never bought or used cryptocurrency. The citizens fear that cryptocurrencies have no strong security, considering the losses users and exchanges have made since the Bitcoin inception.
Jul 10, 2019 at 09:11
India Shows Skepticism About Facebook Cryptocurrency
The Republic of India, the seventh-biggest nation by area geographically located in South Asia, has shown much disbelief in the new cryptocurrency owned by Facebook known as Libra aka GlobalCoin. In fact, the coin will not be allowed to operate in the country.
Jul 08, 2019 at 13:21
Nestlé to Use Blockchain for Milk and Palm Oil
The Swiss global food and drink firm Nestlé has announced a blockchain-based project that will take shape in the Italian food sector starting with milk and palm oil.
Jul 06, 2019 at 12:02
Nicolas Maduro Forces Banco de Venezuela to Accept Petro
President Nicolas Maduro of Venezuela, issued an order to Banco de Venezuela (BDV), a global financial institution based in Caracas, to begin accepting the Petro (PTR), the country’s popular oil-backed digital currency. Through the Minister of Finance, the President told the country’s third market leader with a market share for deposits of more than 11.2%, to begin allowing Petro cryptocurrency in all of its functioning branches.
Jul 06, 2019 at 10:24
Republic of Cyprus to Draft Blockchain & Cryptocurrency Regulations in 2019
The Republic of Cyprus is going to draft blockchain and cryptocurrency regulations this year, according to the Ministry of Finance. Minister Harris Georgiades is optimistic the regulation draft will be completed very soon and will play a big part to revolutionize the finance industry in the country, Financial Mirror reports.
Jul 05, 2019 at 12:15
Malta Fights Cryptocurrency & Financial Crimes
With the alarmingly increasing rate of illicit activities associated with cryptocurrencies including Bitcoin, the Maltese government, through a Financial Crime team created by the MFSA, a monetary regulator, has decided to up its game by reinforcing inspection and compliance in order to combat the challenge of financial crime. With this result, the MFSA’s existing resources have been increased by a newly established team offered by FTI Consulting, a multinational business consultancy company based in the United States (US).
Jul 05, 2019 at 10:22
Bank of Italy Doubts the Nature of Cryptocurrency
According to a recent Bank of Italy survey on the media bubble started by Libra, the Facebook project, there are many doubts about the nature of these tools, both functional and legal. The study reveals that they do not meet the definition of a financial asset; the high price volatility does not make them equivalent to liquid assets similar to currency; and those convertible at a floating exchange rate do not have the characteristics of legal money – fiat currency.