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Bitcoin Holders Should Be Prepared to Lose All Their Money: Bank of England Governor
Bitcoin Holders Should Be Prepared to Lose All Their Money: Bank of England Governor
News  •  Economy  •  May 07, 2021 by Thomas M

Bank of England Governor Andrew Bailey reiterated his views that cryptocurrencies "have no intrinsic value" and their holders should "be prepared to lose all [their] money." At a press conference on Thursday, Bailey was quoted saying, “they have no intrinsic value. That doesn’t mean to

Kazakhstan Plans Central Bank Digital Currency Pilot
Kazakhstan Plans Central Bank Digital Currency Pilot
News  •  Economy  •  May 05, 2021 by Thomas M

Kazakhstan's central bank is considering the issuance of a central bank digital currency (CBDC). A report published by the National Bank of Kazakhstan on Wednesday outlines plans to launch a pilot project for a digital tenge. The pilot would see a two-tier structure, with the National Bank as

Hungary May Cut Cryptocurrency Tax By 50%
Hungary May Cut Cryptocurrency Tax By 50%

Hungary may cut cryptocurrency taxes in half — from 30.5% to 15%. In a Facebook video published today, Hungary's Minister of Finance Mihály Varga addressed plans for the country's economic recovery, which included the consideration of updated taxation around cryptocurrencies. At the moment, income from cryptocurrency

News  •  Economy  •  May 10, 2021
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Hungary May Cut Cryptocurrency Tax By 50%
Hungary May Cut Cryptocurrency Tax By 50%

Hungary may cut cryptocurrency taxes in half — from 30.5% to 15%. In a Facebook video published today, Hungary's Minister of Finance Mihály Varga addressed plans for the country's economic recovery, which included the consideration of updated taxation around cryptocurrencies. At the moment, income from cryptocurrency

News  •  Economy  •  May 10, 2021
Bitcoin Holders Should Be Prepared to Lose All Their Money: Bank of England Governor
Bitcoin Holders Should Be Prepared to Lose All Their Money: Bank of England Governor

Bank of England Governor Andrew Bailey reiterated his views that cryptocurrencies "have no intrinsic value" and their holders should "be prepared to lose all [their] money." At a press conference on Thursday, Bailey was quoted saying, “they have no intrinsic value. That doesn’t mean to

News  •  Economy  •  May 07, 2021
Kazakhstan Plans Central Bank Digital Currency Pilot
Kazakhstan Plans Central Bank Digital Currency Pilot

Kazakhstan's central bank is considering the issuance of a central bank digital currency (CBDC). A report published by the National Bank of Kazakhstan on Wednesday outlines plans to launch a pilot project for a digital tenge. The pilot would see a two-tier structure, with the National Bank as

News  •  Economy  •  May 05, 2021
Turkey Turns to Bitcoin as Turkish Lira Collapses
Turkey Turns to Bitcoin as Turkish Lira Collapses

Turkey residents flee to Bitcoin as a change in the leadership of the local central bank spurs fears of inflation. Al Jazeera reported on March 20 that Turkey's President Recep Tayyip Erdogan issued a decree firing the central bank governor Naci Agbal. Agbal had held this position for

News  •  Economy  •  Mar 23, 2021
Jerome Powell: Bitcoin "a Substitute for Gold," Not the Dollar
Jerome Powell: Bitcoin "a Substitute for Gold," Not the Dollar

The public needs to understand the risks associated with Bitcoin, according to Federal Reserve Chair Jerome Powell. During a webinar hosted by the Bank of International Settlements (BIS) on Monday, Powell said the Fed prefers to refer to cryptocurrencies as "crypto assets" rather than currencies, as their volatility

News  •  Economy  •  Mar 21, 2021
Russia's Central Bank to Test Digital Ruble in 2022
Russia's Central Bank to Test Digital Ruble in 2022

An official from the Central Bank of the Russian Federation announced that the institution plans to develop a prototype of a digital ruble and test it by the end of 2022. Russian news outlet Prime reported on March 10 that Deputy Chairman of the Central Bank Alexei Zabotkin announced at

Feature  •  Technology  •  Mar 10, 2021
German Bank Donner & Reuschel to Launch Bitcoin Services
German Bank Donner & Reuschel to Launch Bitcoin Services

Donner & Reuschel, a private bank in Germany founded in 1798, is planning to launch crypto asset services. Finance Magnates reported on March 9 that Donner & Reuschel announced plans to launch a suite of crypto asset services, including bitcoin trading, digital asset custody, and asset tokenization. The bank reportedly

News  •  Business  •  Mar 08, 2021
Three Weeks After Launch, Canadian Bitcoin ETF Now Holds Nearly 11,300 BTC
Three Weeks After Launch, Canadian Bitcoin ETF Now Holds Nearly 11,300 BTC

North America's first Bitcoin ETF launched in Canada last month, and already holds nearly 11,300 BTC. Canadian asset manager Purpose Invest reports that, as of March 4, its Bitcoin ETF has $722 million CAD in assets under management, equivalent to about $571 million USD. The Ontario Securities

News  •  Markets  •  Mar 03, 2021
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