Sentences with phrase «development of national cryptocurrencies»
The Federal Reserve's Chinese and Russian counterparts have already begun the development of national cryptocurrencies in earnest.
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A member of China's leading political advisory body recommended not to hinder the development of cryptocurrency market, but rather introduce regulatory measures and establish a national cryptocurrency exchange.
Earlier, the KCC along with the Ministry of Science, Technology, and Information and the Korea Internet Development Agency checked the security systems of 10 national cryptocurrency exchanges.
The Secretary of the National Security Council of Ukraine Oleksandr Turchynov said that the development of the cryptocurrency market could not be left unattended.
If the country follows this path of development, bitcoin will be in even greater demand, as the entire purpose of the cryptocurrency is to provide a permissionless system for finance; one which would become increasingly utilized if a national cryptocurrency was to be wielded as a weapon to prevent citizens from accessing certain services.
Commenters below the original story have pointed out a few other national cryptocurrencies that deserve a mention, in various stages of development and release.