The cryptocurrency market is among the biggest unregulated sectors in the globe. Before the coming of digital money, drug dealers were using cash as the main means of making transactions. Now, things have changed a little bit. However, drug dealers still prefer using fiat than cryptocurrencies.
The crypto industry was overlooked by many people for quite a long time until it proved to be a much more lucrative venture than most investments in the other sectors. As such, many people join crypto trading because of the “Fear of Missing Out” (FOMO) effect which only leads to big losses and disappointments.
The European Central Bank Governing Council is advancing the work on the possible issuance and circulation of a digital euro, a type of central bank electronic money that would foil cash, not substitute it. Authorities want people to access and use these two types of money together, to offer greater choice and easier access to means of making payments.
Officers of the Cybersecurity Department of Latvian Police exposed the activity of an organized gang of cybercriminals. During the operation, the law enforcers confiscated cash and cryptocurrency in the amount exceeding 110,000 Euro.
Germany's minister of finance has embraced the idea of developing the cryptocurrency and blockchain industry by creating a digital euro, however, this plan is against and a threat to private virtual currency initiatives such as the Telegram’s Gram, Facebook’s Libra Project and others.
Domino's Pizza, the French unit of an American conglomerate pizza restaurant chain established more than five decades ago, rolled out an ordering contest with a huge premium of around $110,000 in Bitcoin (BTC) or hard money of 100,000 euros.
Facebook's cryptocurrency Libra could harm central banks and other major fiat currencies including the euro and dollar, according to European Central Bank (ECB) senior member of the executive committee Yves Mersch.
The California based cryptocurrency exchange Coinbase might move all digital asset accounts belonging to European users to another reliable and accredited entity operating within the EU in the event of a no-deal Brexit.