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Tag: Venezeula
Exploring a Fedcoin and Other State-Backed Cryptocurrencies
Category: Altcoins, Bitcoin, Blockchain, Finance, News, Tech
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…
Venezuela Bans Imports of Cryptocurrency Miners
Category: Altcoins, Bitcoin, Ethereum, Mining, News, Regulation
Despite Venezuela’s proactive stance on cryptocurrencies, the country’s international shipping companies passed an official measure on May 29, 2018, stating that cryptocurrency mining equipment will no longer be on the list of “approved shipping items.” Creating Borders in a Borderless Ecosystem According to local reports, the Venezuelan customs authorities would now confiscate mining equipment, including miners, graphics cards, and computers,…
