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| Venezuela Will Create New 'Petro' Cryptocurrency, President Maduro Says Venezuelan President Nicolás Maduro says his country will create a cryptocurrency system called the "petro," backed by oil reserves and other natural resources, in his latest attempt to cope with an abysmal national economy and multiple rounds of U.S. sanctions. Unveiling the petro plan on his weekly ...
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| South Korea Launches Cryptocurrency Task Force to Spearhead Regulations South Korea Launches Cryptocurrency Countermeasure Task Force to Spearhead Regulations On Monday the South Korean government established a "virtual currency countermeasure task force" to "promptly review measures to strictly regulate virtual currency transactions," reported The Asia Times.
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| The Bank of Canada is Exploring Government-backed Cryptocurrency While Canada is not exactly a pioneer in the cryptocurrency market the way Korea is, this report makes it clear that the Bank of Canada remains open to the idea of adopting digital currency principles to improve existing financial infrastructure. The paper states that its primary goal is to formulate or ...
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| Digital Power Is Riding The Cryptocurrency Hype Train With the price of bitcoin and other cryptocurrencies soaring more than 1,000 percent in 2017, traders are scrambling to get in on the action any way they can. Bitcoin still doesn't have a major market ETF listing in the U.S., leaving cryptocurrency traders to sniff out stocks and ETFs that have even a whiff of ...
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