About Author:
Anthonia Isichei
A graduate of English, I stumbled on cryptocurrency while trying to proofread an article for a friend back in 2011, and since then, I have been hooked! I play word games when I am less busy (I'm a pro by the way) and I am a tennis aficionado.
Data protection regulatory agencies from around the world have joined the growing list of those who wish to examine and investigate Facebook’s cryptocurrency project. According to a joint press release on August 6, 2019, the information provided by Facebook isn’t transparent enough and request that the company provide robust information...
South Korea’s tough cryptocurrency regulations might hamper the city of Busan from successfully having a regulatory-free zone for blockchain and cryptocurrencies, according to a report by Korea ITTimes on August 6, 2019. Over time, crypto enthusiasts, experts, and lawmakers have called on the FSC to review its stringent crypto policies...
The intense scrutiny from regulatory agencies, governments, and central banks globally regarding Facebook’s Libra, could just be the end of the company’s stablecoin project. According to a report by CNBC, Facebook revealed in a recent filing with the U.S. Securities and Exchange Commission (SEC) that plans to launch Libra in...
The blockchain and cryptocurrency task force established by the Kenyan government is requesting that the authorities enable the development of initial coin offerings (ICOs). According to a report on iTWeb Africa on July 29, 2019, the country’s task force believes that ICOs would help local startups fund projects. ICOs to Help...
Ripple CEO, Brad Garlinghouse, and Executive Chairman and Co-founder of Ripple, Chris Larsen, expressed concerns regarding regulatory ambiguity in the United States. In an open letter to the U.S. Congress on July 28, 2019, both top executives stated that lack of clear cryptocurrency regulations is bound to stifle crypto business...
QuickBit cryptocurrency exchange recently experienced a data breach, which affected about two percent of its customers. In an updated report on July 22, 2019, the company said the breach was as a result of a third-party system upgrade, but customers’ accounts and transactions were still safe and intact. Third-Party System...
Despite an earlier statement from India’s Minister of State for Finance that the government wasn’t planning on banning cryptocurrencies, the Inter-Ministerial Committee (IMC) is proposing otherwise. According to the IMC report on July 22, 2019, the committee recommended a blanket ban on cryptocurrency and also penalties for conducting virtual currency...
In the past months, there have been rumours about an imminent bitcoin ban in India. However, a government official recently stated that there were no plans to ban bitcoin or any cryptocurrency in the country as revealed in a July 16, 2019, Q&A with the nations Minister of Finance &...
A German minister has recently called on regulators to pay attention to the cryptocurrency industry, including Facebook's Libra. According to a report by Reuters on July 16, 2019, the minister said that regulators should ensure that the nascent industry doesn’t threaten the stability of the financial sector Governments Increasingly Wary...
Brazilian coffee farmers will soon have access to a cryptocurrency called “coffeecoin”, according to a report on Bloomberg on July 10, 2019. This new cryptocurrency is to be launched by one of the country’s largest arabica-coffee cooperatives, and it reflects the growing interest in crypto tokens. Coffee-backed Cryptocurrency One of Brazil’s biggest arabica-coffee...
