The U.K. government will launch new research aimed to explore the potential risks
posed by cryptocurrencies, a minister has said.
Britain's junior finance minister, John Glen, announced Monday that the government will launch new research aimed to explore the potential risks
posed by cryptocurrencies like bitcoin.
Currently there is no streamlined international response to the risks
posed by cryptocurrencies.
The sentiment of the hearing was overall positive, with U.S regulators primarily concerned about fraudulent ICOs rather than any potential threat
posed by cryptocurrencies to the established financial system.
In recent weeks, Goldman Sachs, Bank of America, and JP Morgan have all cited the threat
posed by cryptocurrencies in their annual filings to the SEC.
The trading platform has recognized the risk
posed by these cryptocurrencies which...
Singapore's central bank has been studying the potential risks
posed by cryptocurrencies, but there is as yet no strong case to ban trading of the digital coins in the city - state, Deputy Prime Minister Tharman Shanmugaratnam said.
The Worldwide Financial Fund (IMF) isn't terribly nervous concerning the monetary stability dangers
posed by cryptocurrencies.
The International Monetary Fund (IMF) isn't terribly worried about the financial stability risks
posed by cryptocurrencies.
The U.S. Senate will hold a hearing with regulators to discuss the risks
posed by cryptocurrencies such as bitcoin.
Around the same time, the South African Reserve Bank began exploring the economic opportunity and risk
posed by cryptocurrency, and the central bank's preliminary assessment was, in her view, optimistic.
The UAE - based financial institution claims its proposed regulation that was termed as «Spot Crypto Asset Framework,» that will make it possible to address the new risks
posed by cryptocurrency trading.
, the RBI had enumerated various risks
posed by the cryptocurrency entities to their users.
In an earlier press release dated 24th December 2013, the RBI had enumerated various risks
posed by the cryptocurrency entities to their users.
Not exact matches
Additionally, new blockchain - based technologies like Internet of Coins» «Hybrid Asset»
pose a threat to authoritative identity verification,
by building protocols that would allow individuals the ability to store and swap digital assets (including
cryptocurrencies) peer - to - peer without the use of exchanges.
Despite that some government officials reminded that
cryptocurrency could be used for money laundering or
pose substantial risks for investors, the overall tone of the discussion about the future of digital assets was not as gloomy as had been expected
by many experts.
Societe Generale SA Chairman Lorenzo Bini Smaghi urged regulators to beef up international efforts to tame threats
posed by bitcoin, the
cryptocurrency that's soared toward $ 11,000 this week.
He added that the spread of
cryptocurrencies is not being ignored
by European Central Bank however they do not consider the same to be
posing any significant risk to global economy, investors or the bank presently.
Inside Bitcoins, the leading international conference and expo exploring the business opportunities and threats
posed by the growth of
cryptocurrencies.
Over $ 1 million worth of Ethereum tokens has been stolen
by cybercriminals
posing as Bee Token, a
cryptocurrency startup with hopes of revolutionizing the home sharing industry
by way of the blockchain.
Contacted
by the Daily News regarding the threat brought about
by the adoption of digital currencies to the regions resolve to have a single currency, Mr. Bernard Dadi, the Director of National Payment System at the Bank of Tanzania (BoT), confirmed that plans to have a single currency for the EAC block were still ongoing even though
cryptocurrencies such as bitcoin
pose a challenge.
Nevertheless the positive comments
by the Bank of England that
cryptocurrencies pose no risk to the stability of the global economy are welcomed
by the crypto community.
In a way, he echoed a call
by officials from France and Germany, two G20 members who said
cryptocurrencies could «
pose a substantial risk for investors» in a letter earlier this month.
CRED (CX) is a new state of the art universal
cryptocurrency with its own mobile app that is dedicated to supporting renewable energy and solving the pesky issues
posed by other
cryptocurrencies.
However, as noted
by Computer Business Review, 26 percent also claimed risks are
posed by accepting
cryptocurrencies that are commonly used as ransom payments, and 80 percent also noted their awareness of the increased risk for DDoS (distributed denial - of - service) attacks.
Economy & Regulation There are increasingly publicized challenges
posed to the Australian
cryptocurrency industry
by the country's «big four» banks» refusal to provide financial services to crypto companies.
Australia's new
cryptocurrency regulations will see anti-money laundering legislation extended in order to greater encompass the challenges
posed by virtual currencies.
Idaho lawmakers have told the public to «look beyond the headlines» so they can «understand the risks»
posed by investing in
cryptocurrency.