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An Iranian parliament member has suggested that digital currencies be used in attempts to work around returning economic sanctions from the United States. Iran and Digital Currencies The idea was brought forth by MP Mohammad-Reza Pourebrahimi who recently met with Dmitry Mezentsev, the Russian Chair of the Federation...
Joel Robideaux, Mayor-President of Lafayette, Louisiana, announced yesterday that the city-parish government is considering creating its own digital currency and holding an accompanying initial coin offering (ICO). Doing so would position Lafayette to follow the lead of Berkeley, California, which earlier this year revealed plans to create a...
In February, Venezuelan President Nicolas Maduro announced the release of the Petro, a controversial digital currency backed by the country’s oil reserves. This week, according to Venezuela’s Official Gazette, it has been ordered that the token must be accepted as legal tender for all transactions involving government institutions...
India’s central bank is reportedly considering the introduction of a ‘central bank digital currency’ as it bans regulated entities such as banks from dealing in cryptocurrencies with individuals or businesses. In a statement released today, BP Kanungo, the Deputy Governor for the Reserve Bank of India (RBI), said...
A new report issued by an international banking group analyzing the use of cryptocurrency by central banks recognizes the usefulness of digital currency while calling into question their overall safety and security. Study Calls Centralized Crypto Inevitable The Bank for International Settlements issued a report on Monday saying that...
“The time has come to hold the crypto-asset ecosystem to the same standards as the rest of the financial system,” Mark Carney, the governor of the Bank of England (BOE), said today in an interview at Bloomberg’s European headquarters in London. Carney, who also heads the Financial Stability...
A cryptocurrency investor has sold his luxury Miami home for 455 Bitcoin making it the most expensive Bitcoin to Bitcoin real estate transaction to date. Miami Mansion sold for Bitcoin Michael Komaransky initially listed his seven-bedroom home in Miami’s wealthy Ponce Davis neighborhood for 6.5 million dollars payable in either cash...
According to a note issued by HBSC economic analyst James Pomeroy, Sweden could be the first nation to issue their own cryptocurrency. A document, which was sent to clients this week, titled “Sweden’s Big Year: Can the Economy Overcome Some Challenges?” set forth some rudimentary proposals of what...
A prominent Iranian banker has come out in support of digital currencies. Masoud Khatouni, a senior member at Iran’s largest bank, has called for Bitcoin and other cryptos to be recognised and accepted into the nation’s banking system. According to Bank Meli Iran’s deputy for information technology and...
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