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Tag: national cryptocurrency

Exploring a Fedcoin and Other State-Backed Cryptocurrencies

Category: Altcoins, Bitcoin, Blockchain, Finance, News, Tech

Exploring a Fedcoin and Other State-Backed Cryptocurrencies

While bitcoin and other cryptocurrencies were built to rival fiat currencies issued by centralized institutions, they have now become more popular as an investment tool rather than a payment method. Recognizing this emerging market, legacy financial institutions are now contemplating taking their first step in the world of cryptocurrencies. Several central banks around the globe, for example, have already expressed…

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Estonia’s ‘Estcoin’ ICO Plan is Now Less Ambitious, Following EU Pressure

Category: Altcoins, Finance, News, Tech

Estonia’s ‘Estcoin’ ICO Plan is Now Less Ambitious, Following EU Pressure

Estonia has stepped away from plans to issue the world’s first ‘national cryptocurrency following pressure from the European Union and domestic banking authorities. In August 2017, the government of Estonia announced it would consider issuing a national cryptocurrency called ‘Estcoin’ in the world’s first-ever government-backed ICO. Since 2011, Estonia has been a member of the Eurozone, which makes it subject…

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Swiss Authorities Consider Launching State-Backed Cryptocurrency

Category: Altcoins, Finance, News, Tech

Swiss Authorities Consider Launching State-Backed Cryptocurrency

Around the world, the idea of a state-backed cryptocurrency is  gaining momentum amongst authorities, who are seemingly open to embracing cryptocurrencies, given strict rules and regulations. “E-Franc” According to Reuters, the Swiss Federal Council has solicited a report that states the perils and scope of developing a native cryptocurrency. They have reportedly decided to term it as “e-franc,” an amalgamation…

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National Cryptocurrencies: Are they Unnecessary Evils?

Category: Altcoins, Commentary, Finance, News

National Cryptocurrencies: Are they Unnecessary Evils?

As the popularity of cryptocurrencies continues to rise, investors are getting more interested in the industry. Governments are not being left behind either; they are increasingly noticing the rising adoption of cryptocurrencies and sending mixed reactions. Most countries have allowed cryptocurrencies to exist in their jurisdictions; however, some have moved to regulate them while others, like Ecuador and Nepal, have…

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Iranians Purchase $2.5 Billion Worth of Bitcoin as Government Considers Native Oil-Backed Crypto

Category: Bitcoin, Commentary, Finance, News

Iranians Purchase $2.5 Billion Worth of Bitcoin as Government Considers Native Oil-Backed Crypto

All the talk about bitcoin has made some serious noise in Iran as well. Although few in number the country has customers of cryptocurrency, and in the with the rise of digital currency, the government is planning to adopt this trend. Mohammad Reza Pourebrahimi, Chairman of the Economic Commission of the Parliament of Iran, strongly believes that a national digital…

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Government-Backed Cryptocurrency To Come Soon, Says Ex-Federal Reserve VP

Category: Altcoins, Bitcoin, Commentary, Finance, News

Government-Backed Cryptocurrency To Come Soon, Says Ex-Federal Reserve VP

After 2018’s bearish Q1 for the cryptocurrency market, Q2 is marked with positive news, increased adoption, institutional investing, and a generally bullish sentiment. Taking this trend further is a former Federal Reserve executive, who is certain about cryptocurrencies being adopted by central banks in the near future, providing customers and businesses with a fast, anonymous, and convenient payment tool. Currently,…

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Iran Develops Own Cryptocurrency After Central Bank Bans Bitcoin Trading

Category: Altcoins, Bitcoin, Business, Commentary, Finance, News, Regulation

Iran Develops Own Cryptocurrency After Central Bank Bans Bitcoin Trading

Iran has developed its own blockchain-based cryptocurrency, just days after the Central Bank of Iran (CBI) banned bitcoin trading amid escalating concerns about money-laundering and bitcoin’s erratic price swings. Iran’s Bitcoin Ban Doesn’t Apply To Local Crypto Mohammad Javad Azari-Jahromi, Iran’s information, and communications technology minister said the experimental cryptocurrency is now ready, ahead of a possible return of U.S….

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Marshall Islands Set to Make SOV Cryptocurrency Official Legal Tender

Category: Altcoins, Finance, News, Tech

Marshall Islands Set to Make SOV Cryptocurrency Official Legal Tender

In recent times numerous nations have talked about creating their digital currencies however there have only been a handful that have actually started the process. The Marshall Islands, a small country in the Pacific, now joins the club. While Venezuela is the first sovereign state to kick-start the revolution amid criticisms from rival political parties, Republic of the Marshall Islands…

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National Cryptocurrency Proposed By a Chief Lawmaker in Turkey

Category: Altcoins, Bitcoin, Commentary, Finance, News

National Cryptocurrency Proposed By a Chief Lawmaker in Turkey

In recent times, there have been a number of countries that have announced their plans to develop a national digital currency. The likes of Venezuela has already made a lot of progress on this front with their petro ICO, whereas others such as Turkey and Iran have talked about their future plans for starting their own cryptocurrency. Turkey has been…

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Russia and China May Digitize Their Currencies With Ethereum

Category: Ethereum, News

Russia and China May Digitize Their Currencies With Ethereum

An increasing number of central banks and governments are working on digitizing their national currencies. China and Russia are investigating the potential of Ethereum as the base protocol for a digital Yuan and Ruble respectively. Currently, the Royal Chinese Mint, the subordinate unit of China Banknote Printing and Minting, is testing Ethereum and its ERC 20 token standard to digitize…

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