BIS Chief Bashes Cryptocurrency Again in Scathing Review of Its ‘Failure’ as Money

The head of the Bank for International Settlements (BIS) continued the institution’s critical stance on cryptocurrency, saying it “cannot assume the functions of money,” BIS reports July 4. Speaking to Swiss newspaper Basler Zeitung last week, subsequently published by BIS itself, general manager Agustin Carstens cautioned “young people” against “trying to create money,” drawing comparisons […]

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Malta Passes Blockchain Bills Into Law, ‘Confirming Malta as the Blockchain Island’

The Parliament of Malta has passed three bills into law that establish a regulatory framework for blockchain technology, local news outlet Malta Today reported July 4. The bills include the Malta Digital Innovation Authority Act, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act. Silvio Schembri, Junior Minister for Financial Services, […]

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President of Uzbekistan Signs Decree on Blockchain Integration, Tax Exclusions for Crypto

The President of Uzbekistan has signed a decree on the development and integration of blockchain technology, cryptoassets, and crypto mining with the goal of modernizing the state administration system and advancing digital economics in the country. President Shavkat Mirziyoyev signed a decree “On measures for digital economics development in the Republic of Uzbekistan” on July […]

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EU Banking Regulator Reports on Institutional Opportunities and Risks of Implementing DLT

The European Banking Authority (EBA) has published a report, which analyzes the opportunities and risks emerging for financial institutions in using distributed ledger technology (DLT). In the report released July 3, the banking regulator analyzes the impact of fintech and DLT on financial institutions, examining two DLT use cases in international trade and so called […]

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How the brilliance of blockchain overshadows Bitcoin

Warren Buffett called Bitcoin “rat poison,” but the technology behind it is something everyone can agree on. Here are other life-changing uses you didn’t know about. Bitcoin uses constantly growing, encrypted ledgers of transactions known as blockchains to allow secure transactions. Among other uses of blockchain technology, bitcoin has developed an elegant method for transferring […]

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What You Need To Learn About Blockchain Technology

The blockchain is perhaps one of the best inventions made in this day and age of the Internet. This technology allows the exchange of value without the need for a central authority. Learn how cryptocurrencies such as Biitcoin (BTC) and litecoin are tracked and exchanged using the decentralized ledger known as blockchain, and how this […]

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Altcoin News – Japan Crypto Guidelines, SEC Hearing: Ethereum and Ripple Securities?

Visit our website: In today’s news, we talk and keep you updated as to what is happening in the world of cryptocurrency. ——————————————————————————————————- Connect with us on social: Twitter: Facebook: Telegram: ———————————————————————————————— Articles mentioned in the video: NEW FIVE-POINT PLAN FOR JAPANESE EXCHANGES In A Bid For Transparency, European Crypto Exchanges Call For Regulations Bitcoin […]

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