Jan 26 (Thomson Reuters Foundation) – The International Monetary Fund (IMF) has urged El Salvador to drop bitcoin as a legal tender, citing risks to the nation’s financial stability and consumer protection, joining a growing chorus of countries clamping down on private digital currencies. Continue reading
Tag Archives: Legality of bitcoin by country or territory
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Japan’s latest idol group chants cryptocurrency choruses
A Japanese pop group hopped on the bitcoin bandwagon on Friday (January 12), dedicating themselves to singing and dancing about the cryptocurrencies that have taken the world by storm this last year. Edward Baran reports. Continue reading
South Korea plans to ban cryptocurrency trading
The South Korean government says it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil. Grace Lee reports. Continue reading
Think bitcoin’s getting expensive? Try Zimbabwe
With Zimbabwe under threat of cash shortages and hyperinflation, some are turning to highly-volatile cryptocurrencies like bitcoin as a safer haven for their money. Matthew Larotonda reports. Continue reading
Russia turns cold on crypto-currencies
SOCHI, RUSSIA (OCTOBER 10, 2017) (RUSSIAN PRESIDENTIAL PRESS SERVICE) – President Vladimir Putin said on Tuesday (October 10) crypto-currencies were risky and used for crime, as Russia’s central bank said it would block websites selling bitcoin and its rivals – a change of tone from a month-old promise to legalise the market. Continue reading
China’s Bitcoin trading platform BTCChina to stop trading
China Central Television (CCTV)- One of the largest Bitcoin trading platforms in China, BTCChina, announced on Thursday that it will stop all trading from September 30. Continue reading
Cheap electricity makes Siberian city of Irkutsk the Russian capital of bitcoin mining
IRKUTSK, RUSSIA (RECENT – AUGUST 31, 2017) (REUTERS) – Russian Siberian city of Irkutsk has recently seen increased interest in crypto-currency mining due to the cheep energy prices in the region. Continue reading
Bitcoin trading needs stringent regulation, supervision: market makers and players
China Central Television (CCTV) – More irregularities about the concocted online payment unit, bitcoin, have aroused more concerns of monetary regulators everywhere. Continue reading