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.
The volatility of cryptocurrency is not decreasing, which is perplexing to many professional investors. How do they apply traditional economic principles to this extremely lucrative yet unpredictable field?
After the price and popularity of cryptocurrency increases, the number of scammers who want to profit from its gullible owners also increases. Thus, from some accounts on Twitter, which are visually similar to the accounts of well-known cryptocurrency developers, they ask for small amounts with a promise to double them and return them. The time to participate in such a “promotion” is usually limited, or the “imitators” promise to double the amounts of only the first 50 or 100 applicants.
Hacking, theft, volatility, transaction delays, huge profits along with fictitious transactions, changing the views of society from unconditional acceptance to indignation and a complete misunderstanding of the essence of the process even by those involved in it - this is how something unknown and new always starts. Something that still has to grow and transform.
The beginning of strict regulation of the crypto market by the authorities of different countries, as well as price manipulation by the Bitfinex exchange and the Tether cryptocurrency company, reduced the rates of cryptocurrencies. The price of bitcoin, ethereum and ripple has fallen.
After searches that were carried out in Cherkassy, Kyiv and the Kyiv region, a large number of farms for illegal cryptocurrency mining were found. Moreover, they used electricity illegally.
In the unrecognized Pridnestrovian Moldavian Republic, on January 31, the Law “On the Development of Information Blockchain Technologies” was adopted, which officially legalized cryptocurrency mining on its territory.
Last year was quite eventful. The main thing to note is that the number of people interested in cryptocurrency has increased significantly. It's time to take stock of the main events of January.
We continue the series of publications on the legal status of cryptocurrencies in the EU zone. Today the object of our research is Greece. A country that will very soon be chosen for so-called bitcoin tourism.
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