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 conference brought together the main players in the field and leading world-class professionals in each segment: technical specialists, cybersecurity experts, crypto business owners and authors of world bestsellers on the topic of cryptocurrencies.
Despite the fact that over the past year many world politicians have announced their intentions to regulate Bitcoin in some way, some countries have banned cryptocurrencies. The state is taking measures aimed at preventing the purchase/sale of cryptocurrencies in the region. China has already taken this radical step and Morocco has followed suit.
François Villeroy de Galhau, governor of the Bank of France, said that a “speculative asset” is not a currency, and, oddly enough, is not even a cryptocurrency. Pointing to China as a case in point, Villeroy de Galhau continued: “Its cost and extreme volatility have no economic basis and the consequences are essentially no one's responsibility.”
By the end of November, it is predicted that the price of Bitcoin, for the first time in its history, will reach the level of ten thousand dollars per Bitcoin.
Yesterday, the chairman of the Swiss National Bank (SNB) gave a press conference on cryptocurrencies. Speaking at the event in Basel, Thomas Jordan, who also heads the central bank's international counterfeit containment team, said central banks were looking at cryptocurrencies very intensively, adding: "I would describe bitcoin as an investment rather than a currency."
The Bermuda government has created a cryptocurrency development department. During a press conference on Wednesday, the island's Premier David Burt and Homeland Security Minister Wayne Kyne announced the creation of a working group aimed at creating an enabling environment for cryptocurrency and ICOs.
Blockstream announced a new project, DG Lab Fund, a collaboration between two companies, Digital Garage and Daiwa Securities Group. Funding for this project is $80 million
Korean multi-billion dollar ATM conglomerate Hyosung has announced that it will now be possible to buy Bitcoin at its ATMs. This project was brought to life with the support and cooperation of Just Cash.
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