Sentences with phrase «of national cryptocurrencies»

[Note: This is a press release] The Dawn of National Cryptocurrencies The concept of regional / local currency dates back to pre-Bitcoin times.

The Federal Reserve's Chinese and Russian counterparts have already begun the development of national cryptocurrencies in earnest.

In the case of national cryptocurrencies, the blockchain technology would supplant the clearing process now handled by commercial banks, undermining an important revenue stream.

Israel is considering the creation of a national cryptocurrency «digital shekel,» according to local news sources.

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.

What are your thoughts towards this latest trend of national cryptocurrency?

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.

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.

Not exact matches

Expect nation - by - nation regulation of cryptocurrency, perhaps a requirement that national cryptocurrencies be decoupled from international systems, and maybe even a government issued cryptocurrency in the longer - term future.

Investors in China contributed up to 2.6 billion yuan, or $ 397 million, worth of cryptocurrencies through initial coin offerings in January - June, state - run media have said, citing data from the National Committee of Experts on Internet Financial Security Technology.

Russian nationals identified in a Justice Department indictment released Friday used cryptocurrency exchanges as part of an alleged scheme to mislead U.S. citizens leading up to the 2016 presidential election.

A bill currently in the House of Representatives calls for a report on (and strategy to combat) the use of cryptocurrencies in financing terrorism, laundering money, evading US sanctions, and otherwise threatening American national security.

South Korea's National Tax Service is investigating two of the country's most prominent cryptocurrency exchanges, Bithumb and Coinone.

The trend of national monetary and governmental authorities calling for supranational meetings on, and regulation of, cryptocurrencies could be a major emerging trend at the start of 2018.

He also declared in a barrage of tweets that cryptocurrencies, including the petro, will be accepted by national tourism operators, gas stations, and for consular services.

As Venezuela's national currency loses value at a catastrophic rate, thousands have begun turning to the world of cryptocurrency to salvage what little value remains from their increasingly worthless bolivars.

Other reports of a verbal order from the Shanghai Financial Service Office come from a translated story featured on Yicai, a Chinese media group, which indicates that, sometime in the evening on September 13, the National Internet Finance Association of China made an issuance decrying the legality of cryptocurrency exchanges.

On October 25, 2017, it was revealed through reports that, following a parliamentary audit of the Bank of Korea (BOK) by the National Assembly of the Republic of Korea, the bank had conducted inadequate research on cryptocurrencies.

The People's Bank of China says cryptocurrencies will be a top priority for the agency this year, in an effort to protect the national currency.

China's central bank has said cryptocurrencies will be one of its top priorities this year, in an effort to protect the national currency.

The chairman of the National Bank of Kazakhstan told Sputnik News it is seeking an all - encompassing ban on cryptocurrency exchanges and mining.

However, this is one of the earliest cases of a cryptocurrency backed by a national government.

President Nicolas Maduro even launched a national cryptocurrency called El Petro to fight the inflation and monetize the natural reserves of the country.

The national ban on gambling may also partly explain the grip of cryptocurrency trading fever.

«In light of the CFTC and the [National Futures Association]'s public statements regarding the riskiness of the underlying cryptocurrency products, we believe that the launch of new exchange - traded derivatives in cryptocurrencies deserves a healthy dialogue between regulators, exchanges, clearinghouses and the clearing firms who will be absorbing the risk of these volatile, emerging instruments during a default,» Lukken said.

Mark Carney, the Bank Governor also reiterated recently that blockchain technology is an area of interest for the bank, and he believes that a national cryptocurrency could even be in the works for the future.

Apart from a number of rules that were already issued, the National Tax Service (NTS) is currently drafting a framework on how to effectively collect taxes on cryptocurrency trading transactions.

The national bank of Kazakhstan is worried that cryptocurrencies are leading to an increase in money laundering!

The Central Bank of Germany believes that it is impossible to regulate cryptocurrency on a national scale.

Few concrete details exist for either of these potential national cryptocurrencies, but they are necessary drops in the bucket to normalize the concept.

Speaking on behalf of the bank from the St. Petersburg International Economic Forum (SPIEF) 2017, Skorobogatova said, «Regulators of all countries agree that it's time to develop national cryptocurrencies, this is the future.

National Assembly Speaker Chung Sye - kyun, who was present at the forum, reiterated the government's role in removing political uncertainties standing in the way of cryptocurrency adoption.

Due to the transnational nature of cryptocurrencies, the IMF said, «disruptions» could occur across «national boundaries,» a factor that could also be influenced by «differing national regulatory approaches.»

The Venezuelan government launched the pre-sale of the world's first national, oil - backed cryptocurrency Petro (PTR), Financial Times reports Tuesday, Feb. 20.

Around $ 6.2 million - worth of cryptocurrency was hacked from exchange accounts and wallet services in 2017, Japan's National Police Agency says.

And so this is what I think part of what's driving the interest in Bitcoin and the Cryptocurrencies is what other financial mechanism is available to people who are trying to preserve their capital when their own national currencies are in free - fall.

According to reports, the National Police Agency in Japan suspects 669 cases of cryptocurrency - utilized money laundering between the months of April and December.

Source: US Treasury Official Calls for Global Crypto Regulation The undersecretary of the U.S. Treasury's Office of Terrorism and Financial Intelligence called on the international community for stronger cryptocurrency regulations to help protect the financial system and national security in a speech yesterday.

These draft instructions have also been leaked (translation) but have so far not been verified for authenticity.The content of the leaked documents is also consistent with warnings issued by a Chinese quasi-regulatory body — the National Internet Finance Association of China (NIFA)-- regarding cryptocurrency trading, published shortly before exchanges announced that they would be shutting down.

A member of the strict guidelines MasterCard Ari Sarker, said that if governments want to create a national cryptocurrency, happy to look at a more profitable method compared to crypto currency in General].

Similarly, it's been speculated that the PBOC may introduce a national digital currency as a sort of gateway to cryptocurrency: This would allow the central bank to better track the flow of funds in and out of bitcoin in order to counter money laundering and capital flight.

Bank of Russia: «It's Time to Develop National Cryptocurrencies» Jun 2, 2017 by Stan Higgins Russia's central bank believes the time is right to develop and launch its own digital currency, one of its senior officials said today.

Tether is a cryptocurrency project focused on providing price stable assets on the Bitcoin blockchain that are pegged to the value of and backed by national currencies.

According to the Financial Times, Glazev indicated that a national cryptocurrency «suits us very well for sensitive activity on behalf of the state.

Recent projects include exhibitions, objects, and installations that investigate the emergent cryptocurrency Bitcoin and the blockchain technology that makes it possible; the Berlin based SoundCloud startup; and a series of graphics — including cartoons, maps, and charts — made by a senior designer at the National Security Agency (NSA), which were part of the information leaked by Edward Snowden.

The recent slew of national governments announcing their experimentation with blockchain is a far cry to the utopian proposals of bitcoin and cryptocurrency governance that once flooded the bitcoin forums.

Kazakhstan National Bank is considering a conservative move of completely banning any cryptocurrency - related operations in the country.

Wang Pengjie, member of the Chinese People's Political Consultative Conference (CCPPC), suggested to set up a national cryptocurrency trading platform and regulatory system as a way to control digital money, ICO and blockchain, according to Cointelegraph, citing a local news outlet Lie Yun Wang.

From the perspective of the Russian state, encouraging bitcoin - based trading could facilitate growth in Russian fintech firms like Alpari — allowing such to cash in on the growth of cryptocurrency without promoting the disruptive potential of free and direct cryptocurrency trading, or risking encouraging direct competitor to the national cryptocurrency that Russia has announced it is developing.