Tag: currency

Brazil Will Only Use Registered Currency Come January 2017

The financial turmoil in Brazil is far from over. The country’s banks have taken new measures to take on the widespread usage of cash in the form of unregistered boletos. Come January 2017, all of the country’s boleto bancarios will need to be registered with a bank, and unregistered currency will be banned forever. This should help increase the level of transparency provided by Brazil’s banking system. Taking On The …
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India Is Home To Nearly 1 Million Bitcoin Enthusiasts

Bitcoin has always been a somewhat popular form of transferring value in India. New statistics posted on the MSN Money blog seem to indicate there are close to one million Bitcoin users in the country. That is an interesting statistic, considering how India may have more Bitcoin users than the rest of the world combined. Bitcoin Continues To Make A Big Impact In India The greatest impact for bitcoin will …
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Resilience  –  a decentralized taxation system for free market taxation

Why would the community want to inject government theft into a crypto-currency? – SeemedGood How is this theft? The whole “taxes = theft” argument falls apart if there doesn’t exist some apparatus that is enforcing taxation through violence or the threat thereof — where do you see a threat of violence in this system? –MemeticParadigm In 2003, Ryan Fugger invented an algorithm that calculated the shortest path for payments in a P2P …
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Australia To Accept Bitcoin As Currency

Australia has made a major step in the process to declaring Bitcoin as powerful and established as a fiat currency. The Australian Senate Economics References Committee have been looking to alter their laws to make Bitcoin transactions as similar to fiat transactions as they can.48 organisations are also said to have submitted information to the committee. However the new laws do mean that the transactions will be taxed and put …
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