Tag: digital currencies

Lebanon to Issue Its Own Digital Currency

In a recent statement addressing attendees at the 7th CSR Lebanon Forum, the governor of the Bank of Lebanon, Riad Salameh, stated that the central bank plans to introduce its very own digital currency. Protection System to be Developed Beforehand Salameh mentioned that the central bank is well aware that digital currencies will play an important role in the future. However, due to the cybercrime potential associated with cryptocurrencies, the central bank must make necessary …
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Reserve Bank of Australia Issues Statement on Cryptocurrencies and ICOs

In the last couple of months, numerous banks and governments have issued warnings about digital currency use and the associated risks. The Reserve Bank of Australia (RBA) is the latest to do so, having stated that it doesn’t expect digital currencies to see mass adoption anytime soon. RBA Head of Payments addresses House of Representatives In a speech to the House of Representatives Standing Committee on Tax and Revenue, the RBA’s Head of Payments, Tony Richards, …
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Putin Orders Drafting of Digital Currency Laws, Affecting Miners

Following a few months of conflicting statements, recent reports from the Kremlin indicate that Russian President Vladimir Putin has made a decision on digital currencies. He has ordered his government to create laws meant to clearly govern the status of Bitcoin and other digital currencies, but also to thoroughly regulate initial coin offerings, mining, and other aspects of cryptocurrency by summer 2018. Decisions, Decisions While there have been several hints that Russia …
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UAE Central Bank Issues Statement on Digital Currency

Up to this point, there wasn’t much information available on the status of Bitcoin in the Middle East, yet that has since changed. Not long ago, the central bank of the United Arab Emirates issued a warning regarding the risks associated with using digital currencies as a medium of exchange due to issues involving volatility, money laundering, and speculation. Governor of the UAE Central Bank speaks out According to Gulf News, Mubarak Rashid al-Mansouri, …
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