Bitcoin: An Alternative Solution to Venezuela’s Economic Crisis

One million units of a nation’s currency to buy a cup of coffee would have been unthinkable before now. This is the case in Caracas, Venezuela, today, where it now costs one million bolivars to buy a single cup of coffee. This is due to the hyperinflation of the past 12 months in the once-rich The post Bitcoin: An Alternative Solution to Venezuela’s Economic Crisis appeared first on CCN

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Pakistan Central Bank Bans Banks from Cryptocurrency, ICO Transactions

Pakistan’s central bank has told banks and other financial services providers not to support virtual currency transactions. The State Bank of Pakistan (SBP) advised the general public in a statement on its website and in a tweet that it regulates both domestic and international payment and money transfer services.   Pakistan’s announcement on Friday follows The post Pakistan Central Bank Bans Banks from Cryptocurrency, ICO Transactions appeared first on CCN

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Dutch Finance Minister Urges Multi-National Regulation Of Cryptocurrencies

Wopke Hoekstra, the Dutch Minister of Finance has notified the Senate and House of his plans to take action regarding the regulation of cryptocurrencies, which he claims are expanding and in need of better regulation. In a public letter, Hoekstra said he intends to work with other European nations on this issue, but he acknowledges The post Dutch Finance Minister Urges Multi-National Regulation Of Cryptocurrencies appeared first on CCN

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