Most crypto analysts believe that proper regulation is needed when it comes to promoting the legitimacy of stablecoins. According to a study released by the G-20’s Financial Stability Board on April 14, stablecoins pose a pertinent risk to the financial stability of the global economy and therefore need to be regulated in a manner that […]
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An overview of 2020’s four most significant regulations for cryptocurrency exchanges around the world. The lack of uniformity among different jurisdictions’ cryptocurrency laws makes it difficult for crypto exchanges seeking to expand to new markets. While some countries are embracing and fostering innovation, others are more hostile to Bitcoin (BTC) and other cryptocurrencies. Further exacerbating […]
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China’s Internet Finance Association’s latest survey applauds blockchain development across the country. A recent survey by China’s National Internet Finance Association of China (NIFA) has found that blockchain technology is gaining a solid footing. On April 14, Chinese local news platform Sina reported the results of the latest blockchain survey conducted by the National Internet […]
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The G20’s Financial Stability Board issued a study on stablecoins, analyzing their merits and threats as the Libra project continues to spook regulators. Stablecoins can pose risks to financial stability and need to be adequately regulated, according to the Group of 20. The G20’s Financial Stability Board (FSB) issued a comprehensive stablecoin study on April […]
Continue ReadingDespite the high level of privacy, Venezuela’s national crypto could not help avoid international sanctions nor even cover the illicit activities of the country’s leaders. At the end of February, the United States Immigration and Customs Enforcement revealed its Cryptocurrency Intelligence Program, which targets peer-to-peer and darknet markets for the illicit use of cryptocurrencies. Then, […]
Continue ReadingVenezuela faces clogged internet usage due to quarantine measures, which could make crypto usage difficult. The global coronavirus lockdown has put a strain on Venezuela’s internet, which could logically make crypto participation difficult. As much of the world hunkers down in quarantine, people logically turn to internet-based services for work, as well as a way […]
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Will the sacrifice of our privacy help to stop, or at least reduce, the global spread of the coronavirus, and why the governments want to use the total mass surveillance? As the coronavirus continues to spread a total lockdown across the world, governments are creating the foundations for a new society of total surveillance. Can […]
Continue ReadingQuantum computing could potentially break much of the encryption algorithms and protocols that currently secure the internet and computational industry as they are. Back in the 2000s, when I worked for PricewaterhouseCoopers (PwC), I was the director of technology and innovation. Part of that role was not only helping the company and some of our […]
Continue ReadingSingapore’s central monetary authority issued a new set of guidelines for digital payment token service providers on March 16. Some countries have been late to the party when it comes to recognizing and regulating digital assets. The first time that Singapore’s central bank issued a framework for the regulation of payment-related activities was on Jan. […]
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The CBDC race has long been on, and some countries might finish sooner rather than later. The race for central-bank digital currencies has been on for some time now, and since the development of the digital yuan may have been postponed due to the coronavirus pandemic, other countries could beat China to the punch. Almost […]
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