Finance
Mar 25, 2020 at 10:15
Central Bank of Russia Reveals New Amendments to Bill on Cryptocurrency
The Central Bank of Russia (BoR) has shared some important statements about proposed cryptocurrency legalisation, especially on their issuance and circulation.
Mar 24, 2020 at 14:11
US Banks to Have 0% Reserve Requirement Due to Coronavirus
The US Federal Reserve recently announced drastic and controversial measures allowing commercial Banks under its jurisdiction to operate without any reserve with the Federal Reserve.
Mar 16, 2020 at 16:33
UK FCA Warns the Public Not to Invest in Coronavirus-Related Cryptocurrency
The UK Financial Conduct Authority (FCA) recently issued well-filtered recommendations to the public especially the investors not to participate in cryptocurrency investments related to Covid19 through an official website.
US Citizen Sentenced for Possibly Financing Terrorism with Bitcoin
A citizen of the USA named Zoobia Shahnaz faces a 13-year sentence for attempts to finance ISIS with bitcoins. To achieve her goal, she tried to fraud several giant financial institutions including American Express, Chase and Discover.
China Adds $4.7M to Realise Blockchain Dreams
The Chinese government has poured an extra $4.7 m into the Peoples Bank of China’s ambitious Blockchain project.The Government released the money to the Central Bank to allow the Bank to complete its forthcoming blockchain-based trading and finance program, which is being established directly by the PBoC.
Over $1 Billion of Boeing Plane Spare Parts Tracked on Blockchain
More than $1 Billion worth of Aeroplane spare parts supplied to Boeing are now traceable on a blockchain. The plane spares is being tracked directly by it’s manufacturer on a blockchain powered system built to validate the source of the spares and make sure recommended safety standards are adhered to.
South Korea Parliament Passes a Law to Control Cryptocurrency Use
The South Korean Parliament has at long last passed another act that will see the nation's cryptocurrency market regulated by a legitimate administrative rule.
How Will the US Federal Reserve Rate Cut Affect Bitcoin?
Correspondence of interest rate cuts by the US Federal Reserve to respond to the recession crisis caused by the global spread of new coronavirus (COVID-19) is growing, and interest in the cryptocurrency market is increasing.
Germany Acknowledges Bitcoin as a Financial Instrument
The German Federal Financial Supervisory Authority (BaFin) has declared Bitcoin should be regarded as a financial instrument. The authority issued a guideline that clarifies the status of cryptocurrencies and associated regulations that govern businesses within the cryptocurrency sector.
