ECB Governing Council Can Imagine Use of Crypto
Vitas Vasiliauskas, a member of the governing council of the European Central Bank and chariman of the bank of Lithuania has said that cryptocurrency could play a role for the Central Bank. Vasiliauskas talked about stablecoins that could be employed by the Central Bank. However, Vasiliauskas refers to an internal solution for transactions between private banks and the central bank.
Striking Facts about the New Facebook Cryptocurrency GlobalCoin
Have you heard about Facebook native cryptocurrency, GlobalCoin? Here is everything that you need to know about it. Studies show that Facebook has more than one billion users globally. This statistics makes it the largest social media platform in the world. Its entry into the cryptocurrency industry will definitely have a major impact. For the last one year, there has been rumour that the company is planning to launch its own native cryptocurrency dubbed, GlobalCoin.
Iran Is Using IBM Hyperledger Fabric To Develop A National Blockchain, Borna
The Informatics and Services Corporation (ISC) of the Central Bank of Iran (CBI) is developing a national Blockchain platform on the IBM Hyperledger Fabric. Areatak, a Tehran-based Blockchain solutions provider is working with the CBI on the deal that is focusing on delivering a platform for the financial and banking sectors of the country. The Blockchain-based platform is codenamed Borna and Iran intends to use it to reinvigorate its sanctions-targeted banking system. This project is deemed to fulfill the country’s aspirations of creating a strong digital economy as an alternative to the current legacy system.
Egypt Allow Licensed Crypto Companies to Operate in the Country
Apart from the historical pyramids, Egypt is also known to have stringent financial regulations that make it difficult for cryptocurrency companies to do business in the country. Being one of the leading tourist destinations in the country, millions of tourists visit and it would be great if the country would allow them to pay for goods and services using various cryptocurrencies. The Egypt government seems to have been closing monitoring the cryptocurrency trend especially the current bullrun that has seen the price of bitcoin increase by more than 70% in the last two weeks. The government’s financial regulator has loosened its restrictions on cryptocurrency and is in the process of lifting the ban that made it impossible for people to trade or use cryptocurrencies in the country.