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EU Ready to Regulate Cryptocurrencies

The European Union is prepared to regulate cryptocurrencies if the sector continues to remain inherently volatile and present substantial risks to new investors. If these risks are not tackled at the global level, the EU is ready to step in according to the Union’s financial services commissioner. Global Investment Craze Cryptocurrencies are extremely volatile and are prone…

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Venezuela Launches National Cryptocurrency

The government of Venezuela has turned to the world of cryptocurrencies in order to try and revive its ailing economy and escape both crippling debts and U.S. sanctions. The resource-rich nation has turned into a something of a digital asset pioneer by issuing a cryptocurrency officially backed by the state. The Petro Solution Despite being a…

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National Bank of Kazakhstan issues proposal to restrict digital currency use

The year of 2017 has brought a great increase in Bitcoin price, yet during this year, numerous countries have decided to regulate digital currencies and blockchain technology. One of the latest examples in this direction is Kazakhstan, which is reportedly considering restricting some digital currency-related activities. According to recent reports, the National Bank of Kazakhstan has…

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Japan set to win race to regulate Bitcoin exchanges

Officials from Japan’s Financial Services Agency (FSA) have announced that it will begin “full surveillance” of cryptocurrency exchanges operating in the country. According to the Japan Times, the government agency will ensure that exchanges for Bitcoin and other cryptocurrencies have proper internal systems to protect customer assets. A 30-member surveillance team built from agency and…

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