Governments around the globe are trying to regulate cryptocurrencies to the best of their abilities. Particularly where criminal use cases of Bitcoin are concerned, some new rules need to be introduced. The South African central bank is currently working on a way to prevent the evasion of currency controls. Another Central Bank Focusing on Bitcoin According to the Reserve Bank of South Africa, cryptocurrencies are used on a “regular basis” …
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Various central banks have shown a keen interest in creating their own digital currencies. Doing so is very different from drafting a whitepaper about it. It now seems most countries have put those plans on ice indefinitely, though Iran is an exception. That nation has decided to experiment with a new cryptocurrency, even though the trading of actual cryptocurrencies such as Bitcoin is officially banned in the country. Iran Takes a Contrarian Step …
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Stablecoins are very popular right now. These digital currencies are usually pegged to fiat currencies or natural resources, which makes them less prone to volatility. USDX is one of the newer projects in this regard, and it may actually replace central banks in the future. We will have to wait and see how this new venture plays out, but it has a lot of merit on paper. Does USDX have a …
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