President Nicolás Maduro recently said that Venezuela will hold the presale for its oil-backed, state-issued cryptocurrency, the petro, on February 20, and that the government will distribute mining equipment to universities, savings banks, and other institutions. On January 30, Venezuelan president Nicolás Maduro announced that the presale of the state-issued...
Lithuania's Finance Minister related his thoughts on cryptocurrency, and how he sees promise in blockchain technology. On January 30, 2018, Lithuania's Finance Minister Vilius Šapoka spoke to press at the Paris Fintech Forum about his country's open approach to FinTech management and cryptocurrency regulation. Šapoka believes there is potential in the application...
Indonesia’s central bank will trial a state-issued cryptocurrency later this year, according to reports. At some point in 2018, Bank Indonesia (the country's central bank) will reportedly trial a state-issued cryptocurrency, which is being referred to by Indonesian media sources as the "digital rupiah." Susiati Dewi, the assistant deputy executive director...
On Tuesday, it was reported that the Commodity Futures Trading Commission has subpoenaed Bitfinex and Tether. The news was first reported on a Bloomberg Terminal. The US Commodity Futures Trading Commission (CFTC) is closely examining the cryptocurrency markets. On Tuesday, it was reported that the CFTC issued subpoenas to cryptocurrency exchange...
January 30, 2018 12:09 AM The latest announcement regarding Tether’s audit cancellation leaves more questions than answers. In a statement issued on January 27, 2018, by a company spokesperson, it has become clear that Tether and auditors at Friedman LLP will go their separate ways. Tether, which issues the US Dollar Tether...
January 26, 2018 12:13 AM A draft law submitted to Russian parliament would designate the yet-to-be-issued cryptoruble as a legal means of payment in the country. A draft of a bill that would pave the way for the introduction of a state-issued cryptocurrency, the cryptoruble, as a valid means of payment...
On Thursday, Robinhood announced that it will offer support for cryptocurrency trading beginning in February 2018. Starting today, users can track the prices of 16 cryptocurrencies. On January 25, 2018, commission-free stock trading app Robinhood announced that it will introduce 24/7, commission-free cryptocurrency trading next month. At the time of...
January 24, 2018 10:55 PM Venezuelans hoping to buy the state’s oil-backed cryptocurrency using bolivars are out of luck. On Tuesday, the government announced that it will not accept the native currency as payment for the petro. On January 23, 2018, the Venezuelan government, led by president Nicolás Maduro, revealed additional...
On Thursday, the International Organization of Securities Commissions reminded investors to take care when deciding whether to participate in token offerings (ICOs). On January 18, 2018, the International Organization of Securities Commissions (IOSCO) Board published a cautionary note about initial coin offerings (token offerings). "There are clear risks associated with these...
January 17, 2018 12:32 AM Venezuela’s oil-backed cryptocurrency, due to launch on the Ethereum network, could present a “legal risk” for American investors. On Tuesday, a spokesperson for the US Department of Treasury cautioned against American investment in Venezuela's recently announced 'petro' cryptocurrency. "Available information indicates that, once issued, the petro digital...