Sentences with phrase «of a national cryptocurrency»
What are your thoughts towards this latest trend of national cryptocurrency?
crypto-lines.com
Recently, the trend of national cryptocurrencies is evolving quite a lot with many countries proposing to have their own state - owned cryptocurrency owing to regulatory measures and concerns.
A member of China's top political advisory board has proposed the creation of a national cryptocurrency exchange and other regulatory systems at one of the two annual sessions of China's top legislative and advisory bodies, local news outlet Lie Yun Wang reported on March 3.
The Financial Services Agency (FSA) announced that it is ready to conduct inspections of national cryptocurrency exchanges in order to evaluate their security measures aimed at protecting customers» funds.
In the case of national cryptocurrencies, the blockchain technology would supplant the clearing process now handled by commercial banks, undermining an important revenue stream.
The Federal Reserve's Chinese and Russian counterparts have already begun the development of national cryptocurrencies in earnest.
Indeed, the deputy chief of the Bank of Russia remarked in February that the implementation of a national cryptocurrency was «only a question of time.»
«The creation of a national cryptocurrency stimulates the growth of non-cash payments and electronic payments, including, possibly, cross-border payment», commented at a press conference for the Finopolis Forum.
Elsewhere, Venezuela released more details of its national cryptocurrency, the Petro.
One of Venezuela's two opposing lawmaking bodies has ruled that the country's issuance of a national cryptocurrency is illegal under domestic law.
In addition to that, in July the British Parliament held the first large - scale discussion concerning the introductions of national cryptocurrency.
[Note: This is a press release] The Dawn of National Cryptocurrencies The concept of regional / local currency dates back to pre-Bitcoin times.
Russia has also announced the creation of a national cryptocurrency named CryptoRuble.
Israel is considering the creation of a national cryptocurrency «digital shekel,» according to local news sources.