Search Results for: crypto currency
Cryptocurrencies are getting more popular, but why someone to use them?
March 9th, 2017
Cryptocurrencies like Bitcoin, Litecoin or Ether are getting more popular among people as more companies tend to accept them as a mean of payments. Cryptocurrencies are not bound by geography or any Central Bank. Out there, exist over 3000 ...
China to launch its own digital currency
February 24th, 2017
The People’s Bank of China (PBoC) has done trial runs of its prototype cryptocurrency, taking the central bank a step closer to issuing digital money that can be used for all sorts of transactions. If things go according to ...
Will South Africa issue a national digital currency?
February 15th, 2017
The South African Reserve Bank (Sarb) is open to issuing a national digital currency, which would likely be based on Blockchain or Distributed Ledger Technology (DLT). “If we go the route of issuing a digital currency, the objective would ...
Liverpool Gets Its Own Digital Currency
February 6th, 2017
Liverpool, home of the 1960s English rock band, The Beatles, has become the latest destination to launch its own digital currency. Launched a month ago by Colu, a Tel Aviv-based technology company, the Liverpool Local Pound (LLP) already has ...
European Commission Considering Limits on Virtual Currency Transactions
February 1st, 2017
The European Commission has released an Inception Impact Assessment considering transaction limits on virtual currency transactions as it steps up efforts in its fight against the financing of terrorism. On 2 February, 2016, the Commission published a Communication to ...
Israel to Tax Digital Currency Sales as Property
January 17th, 2017
In a statement released this week, the Israel Tax Authority (ITA) announced that it has decided to treat digital currencies like Bitcoin as assets rather than as foreign currencies for the purpose of taxation. That announcement has come more ...
West Africa now has its own digital currency
December 30th, 2016
Senegal will soon begin using a digital currency in 2017. It’s another opportunity for financial technology (fintech) to help emerging markets leapfrog traditional banking systems and bring financial inclusion to more people. If the Senegal roll-out is successful, the ...
Bitcoin Ends 2016 as the Top Currency as It Nears $1,000
December 29th, 2016
Raise your hand if you saw this coming: Bitcoin not only bounced back from its 2015 doldrums, but went on a tear that saw it climb around 120% from the start of the year. As of Wednesday afternoon, the ...
Japanese MegaBank Mizuho Tests its Own Digital Currency
December 8th, 2016
Japanese banking giant Mizuho has tested its digital currency developed in partnership with IBM Japan to reduce costs of money transfers, a report has revealed. The Mizuho Financial Group-IBM partnership announced earlier this year has seen successful testing of ...
Vietnam considers giving digital currency a legal aspect
December 6th, 2016
Last week it was Russia. Now, Vietnam is reportedly joining the leagues of countries that will soon legalize virtual currencies like bitcoin. Vietnamese-language news outlet VnEconomy reported that the government and relevant ministries are working on a proposal for ...
