In our “National Cryptocurrencies” section, we cover government-backed digital currencies and state initiatives related to blockchain technology. Here you will find news about central bank digital currencies (CBDCs), national crypto projects, and the role of digital money in modern economies. Read the “National Cryptocurrencies” section on ForkNews to stay informed about how countries are developing their own digital currencies.
Blockchain and cryptocurrency are inventions that, over time, will be able to bring the world economy to a new level and make it transparent. Many countries are already introducing their national cryptocurrency and introducing blockchain into government agencies. As for Ukraine, there are currently disputes over the status of cryptocurrencies in the country and the issue of creating a Ukrainian cryptohryvnia is being discussed.
Despite Rumors, Chinese Officials Stopped Criticizing Cryptocurrency at Annual Consumer Protection Event
This Thursday, at a congressional hearing on the financing of terrorism, it was announced that Bitcoin is losing popularity among Internet criminals.
At a meeting with lawmakers this week, Taiwan's new central bank governor, Yang Chin-Long, was asked whether Taiwan's central bank, like some national banks in other countries, plans to issue its own cryptocurrency and what the bank's cryptocurrency policy will be in the near future.
Although the cryptocurrency industry is maturing and taking the necessary steps to integrate with the traditional banking and financial system, it is still in the “Wild West” phase. Due to the lack of regulation and consumer protection in the cryptocurrency markets, there is still ample opportunity for fraudulent and manipulative schemes such as pump and dump.
It is planned to assign to the Ministry of Communications and Information the right “to exercise control over the activities of crypto platform operators and cryptocurrency exchange operators.”
Cryptocurrency prices are experiencing bearish pressure from fundamental events
In the short term, there are chances that prices could recover slightly. However, we cannot ignore the possibility of further collapse.
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