According to a Financial Times report, the World Bank and the International Monetary Fund have launched their own Blockchain platform that has its own native quasi Cryptocurrency. The motive of the two global institutions is to explore the benefit of the nascent DLT as well as the use of Cryptocurrencies to replace the traditional financial […]
Binance Launches DEX Binance has officially launched its Decentralized Exchange. The platform has the simple name Binance Decentralized Exchange. Users can register to use the Binance DEX from now on. However, only for three days as Binance will suspend registrations then until the 12th of May. Prior to the launch, various voices in the crypto […]
New crypto regulations in effect in Norway New Financial regulations have gone into effect in Norway today. The Finanstilsynet, the financial authority in Norway, has announced that companies are able to comply with the new regulations until January 15th. The new regulations concern companies that issue ICOs, exchanges and other financial sevice providers that deal […]
A recent report by International Monetary Fund (IMF) indicates that the rapid growth of Bitcoin and other cryptocurrencies will have a major impact on the international financial system. The report dubbed “World Economic Outlook: Challenges to Steady Growth” in part stated that Cybersecurity attacks on this critical and fundamental financial infrastructure present an additional risk […]
There are many reasons why banks do not cooperate with crypto projects. Regulation, its volatility and the uselessness of many ICOs have given crypto a bad name in the banking industry. Still, the access to financial services is crucial for any company even if it relies on something that tries to replace these services. While […]
IMF nudges Marshall Islands into dropping its national crypto project The IMF is currently probably the biggest international opposer to cryptocurrencies. Representatives of the IMF like Dong He and Agustín Carstens speak out against cryptocurrencies regularly. The Marshall Islands although situated between Hawaii and the Philippines uses the US-Dollar. The IMF warned the Marshall Islands […]
The International Monetary Fund – IMF has released a new report on international monetary policy regarding the new digital market and explaining how the digital coins will, one day, rise to lower demand for the central bank finances. This report came after a staff discussion from IMF concluded that the virtual coins would one day […]
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