A month down the road since Nicolas Maduro, the Venezuelan president, proclaimed the formation of the Petro, a state-backed crypto which would allegedly take the nation out of six-digit hyperinflation, the only place where the Petro crypto appears to exist is in the media.
There is hope that the US Securities and Exchange Commission (SEC) might change its decision to deny nine Bitcoin-related Exchange Traded Funds (ETFs). Brent Fields, the SEC secretary revealed in a letter to the New York Stock Exchange (NYSE) that the commission chairman and commissioners are considering whether to review and revise the action authorized and delegated to its staff, adding that until that time the current decision is pertinent.
Liechtenstein's Union Bank is making use of the principality's Blockchain-friendly regulations to make sure that it issues its own security tokens, privately followed by the setting up of a fiat-backed cryptocurrency.
Crypto continues to garner a lot of interest in South Africa (S.A), particularly taking into account the recent news of government corruption and land expropriation. Citizens are comprehensively worried about the future of the country's economy and are searching for alternative means to store wealth.
According to what is coming out of Washington, it seems like no deal has been struck between the Trump administration and the government of Turkey, led by President Tayyip Erdogan, continuing what is already a shaky financial situation.
The government of Venezuela has taken on several desperate, unorthodox initiatives to revive and save its economy from failing completely. In the most major move, the government has devalued Bolivar, its national currency and pegged it to Petrol, oil-backed crypto.