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Bank of Japan says Blockchain Could Expand Central Bank Access - CoinPedia. Last week, a statement has been issued by a senior Bank of Japan official speculated that central banks could allow access to accounts around the clock if they used blockchains or cryptocurrencies.
On 21st April, speaking during a finance forum, deputy governor Hiroshi Nakaso touched about so-called central bank digital currencies, or CBDCs, and their potential impact on how people interact with their accounts at a given time. Through a CBDC (something that officials at the Bank of England have highlighted in the past), one proposal is to offer central bank accounts to retail customers. In his speech, Nakaso brought up this idea, suggesting that, depending on the degree of adoption, such an arrangement could give accountholders continuous access to funds. Nakaso opined: “In an utmost case in which CBDC proffers the not different functionality as banknotes as an alternate measure, it could sanction everyone to access central bank accounts 24/7, year-round.
Picture Credit. Gnosis Tokens Double in Value After Exchange Debut - CoinPedia. On May 1, the price of tokens sold as part of a fundraiser for the decentralized prediction market project Gnosis is on the rise following their release to auction participants.
During the time of writing, over 0.0455 BTC ($64) were the estimate in trading GNO tokens on the cryptocurrency exchange Poloniex, a move that represents a more than doubling in value over just a few hours of live trading. The uplifted action became a shining star in the sky so far driven by the quick actions taken by major exchanges to list the cryptographically secure asset. A gate has opened for GNO holders, for example, can now trade the token on San Francisco-based Kraken, with trading pairs denominated in bitcoin, ether, US dollars and the euro. Kraken was swiftly followed by Poloniex on May 1, which announced support for GNO/BTC and GNO/ETH trading pairs.
(Poloniex does not offer fiat trading). Muted reaction. Bank of England Seeks Startups for DLT Privacy Projects - CoinPedia. Distributed ledger projects which are focused on data privacy, UK’s central bank is seeking for these sorts of start-ups to take part in.
Head cops go undercover to bust pyramid schemes in Navi Mumbai - CoinPedia. Australian's New Budget Includes a Bitcoin Tax Cut - CoinPedia. On Bitcoin purchases, good-and-services tax (GST) eliminates: Australia latest National Budget.
A years-long controversy come to an end that over the way consumers faced the prospect of paying double GST when first buying, then spending digital currencies, which has been announced by the Australian Department of the Treasury, yesterday. In mid-2015, the government began considering the matter, and the removal of the tax comes just days after officials reaffirmed their pledge to resolve the issue. According to the Treasury Department, if the new budget is approved, the policy will go into effect on 1st July. For the new innovative digital currency businesses to operate in Australia will be easier, this is what Australian government noted that the new budget. Fed's Kashkari Said Blockchain 'Has More Potential' Than Bitcoin - CoinPedia.
On May 9, the president of the Federal Reserve of Minneapolis took aim at bitcoin, criticizing the ease at which new cryptocurrencies can be created.
In early 2016, a former Bush administration official who became president of the Minneapolis Fed, delivered a speech during the MN High Tech Association 2017 Spring Conference. Attendee who have been there has asked about the Fed’s position on digital currencies, Kashkari went on to make the following points: The Fed is watching: People across the fed are paying attention to this topic and watching how it evolves. Inflation by altcoin leave him with this issue: “The problem I have [with bitcoin] is while it says, by design, you’re limiting the number of bitcoins that can be created, it doesn’t stop me from creating NeelCoin or somebody from creating Bobcoin or Marycoin or Susiecoin.” The waiting game continues: “I think it’s too early to know where this is going to go … we’ll see – we have a lot to learn.”
Hungary's Central Bank Organizes Task Force Against OneCoin - CoinPedia. Government of Hungary has put his own light on OneCoin and believed a digital currency investment scheme widely to be fraudulent.
The country’s central Bank Magyar Nemzet Bank (MNB), has made an announcement yesterday that it is a part of a wide-ranging task force aimed at cracking down on “certain elements of the alleged pyramid scheme”. Australia Reaffirms Pledge to Fix Bitcoin Tax Issue - CoinPedia. To file the solution of “double taxation” problem of digital currencies, Australia’s government is pushing ahead with the plans.
More than a year ago, the government was pledged to solve the policy dilemma, wherein Australian businesses are liable for goods-and-services (GST) taxes on any bitcoin sold – as well as taxes should they take them as payment. Lot of criticism were expressed for years by the bitcoin community of country itself, culminating with last year’s commitment. Several sites and newspaper published, that the government is consulting with its fintech advisory group on the matter – though it cautioned that any material changes would depend on action on the provincial level. Minister for Small Business Michael McCormack released a policy document to explain: “Any change to the GST treatment of digital currencies is subject to formal state and territory agreement.”
For both bitcoin and blockchain activities, Australia’s government wants to create an accommodative environment. Australian's New Budget Includes a Bitcoin Tax Cut - CoinPedia. BitPay CEO Stephen Pair: Bitcoin Unlimited Would Materially Degrade the Network - CoinPedia. Bitpay CEO Stephen Pair emerging out to be a great vocal artist about his company’s stace on Bitcoin’s scaling debate over the past few weeks, It was 325th instalment of Let’s Talk Bitcoin where he attempt a chance to fantasies us with his giant’s view to clarify the Bitcoin payment processing.
In the conversation with co-hosts Adam B. Levine and Andreas Antonopolus, Pair put his thoughts on the table that Bitcoin is carrying lot of potential without any disturbance in protocol, the issues he sees with Bitcoin Unlimited, and user-activated soft forks. When it has been asked to Pair that point out on the best way to scale Bitcoin to more users in the future, he beautifully framed his words like “Our viewpoint on this is nuanced, and it changes”. Over the time thoughts on scaling have evolved, and during this some issues have turned into their main focus. Bitcoin server setup. CryptoCurrency News. Ethereum News. Cryptocurrency News. Online Digital currency. Digital Currency News. Altcoin news. Bitcoin Archives - latest Bitcoin Information, Updates and Price- CoinPedia.