In a bid to combat the use of digital currencies as means of financing terrorism, a group of representatives from the Republican and Democratic Parties has introduced a bipartisan bill to the House on Jan 13, which seeks to create a task force focused on preventing the usage of cryptocurrencies in sponsoring terrorism. Bill AgainstRead More
Chinese backed blockchain project BSN has revealed plans to pilot the adoption of a global CBDC system in 2021. Central Bank Digital Currencies (CBDC) was the major talk in 2020 and it appears that the push will be greater this year. BSN developing a Universal Digital Payment Network (UDPN) BSN revealed its plans for theRead More
Tether is a cryptocurrency pegged to traditional fiat currencies and backed 1:1 by reserves of these traditional currencies held in accounts by Tether.
In a Grayscale report, the firm stated that much of last year’s soaring demand came from institutional investors. Grayscale Continues to Buy More Bitcoin than Mined As BeInCrypto previously reported, Grayscale Investments was one of the largest buyers of cryptocurrencies during 2020. Purchases increased during Q4, with the company adding more than $3 billion in … Continued
Bitcoin was created to be the first ever peer-to-peer electronic cash system, and in its wake, an entire industry of digital assets has since been created. Despite the cryptocurrency’s longevity and staying power, there’s still debate amongst policy makers, regulators, and even investors, if the asset class should be defined as “money.” A recent survey conducted by the International Monetary Fund has respondents overwhelmingly saying “yes” that Bitcoin and other altcoins are indeed money, and […]
A bipartisan group of representatives has introduced a bill to the House that seeks to create a task force focused on combating terrorist financing via cryptocurrencies. U.S. Representative Ted Budd (R-NC) has sponsored a new piece of legislation that aims to create an agency tasked with combating the use of cryptocurrencies in terrorist financing. The bill — […]
Japan’s SBI Financial Services is opening a digital money managing work area in the wake of gaining liquidity supplier B2C2. “SBI Group is the biggest internet financial group in Japan so we have the customer base,” Ryo Suzuki, executive director of SBI’s FX and rates division, revealed. “The cryptocurrency market is not mature in Japan yet, but B2C2’s expertise can [...]