“The government’s economic committee has approved a mechanism for mining digital coins and it will later be put to discussion at a cabinet meeting” announced the Governor of Central Bank of Iran cited by Tehran Times. The same committee approved a plan to apply to apply rates for the electricity used by the iranian miners.
G7 – the group of finance ministers and central bank governors of the most advanced economies asked Facebook to solve the legal and regulatory issues before moving forward with their digital coin Libra, as reported by Reuters. The head of the European Central Bank has presented at the meeting a preliminary report drafted by the
On July 18, the Hangzhou Internet Court confirmed Bitcoin as “virtual property” based on the fact that Bitcoin has value, scarcity and disposableness of property as a subject of rights so it should be recognised to have virtual property status reports Caijing quoting the China Securities Journal. The government ban on trading any kind of
This act promoted by Ms. Doris Matsui was adopted recently by the US Congress and asks the Secretary of Commerce to establish in maximum 90 days a working group to recommend to the Congress a definition for the blockchain technology. The act can be consulted here. A Blockchain Working Group will be created for this
Wang Xin – Director of the People’s Bank of China research bureau has declared at an academic conference the following according to South China Morning Post: “If [Libra] is widely used for payments, cross-border payments in particular, would it be able to function like money and accordingly have a large influence on monetary policy, financial
Michael Novogratz – Founder of Galaxy Investment Partners has declared in an interview with Bloomberg Technology that the Bitcoin is in a roller-coaster ride after a spectacular rally from $ 3.000 few months ago to $ 13.000 last month and after a consolidation between $ 10.000 and $ 14.000 it and could reach $ 20.000
The G20 leaders Oska Leaders’ Declaration point 17: ” Technological innovations can deliver significant benefits to the financial system and the broader economy. While crypto-assets do not pose a threat to global financial stability at this point, we are closely monitoring developments and remain vigilant to existing and emerging risks. We welcome on-going work by
