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| Venezuela's cryptocurrency plan means it could have two mismanaged currencies Venezuela might be about to get a second currency, and it could be just as mismanaged as the first. Amid a severe social and economic crisis, Venezuelan president Nicolas Maduro said his government plans to launch the "petro," a cryptocurrency backed by oil, gas, gold, and diamond reserves.
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| Japanese Financial Regulator Legalizes Four New Cryptocurrency Exchanges Japan's Financial Services Agency (FSA) has authorized the operation of four new virtual currency exchanges in the country as of early December 2017. The approved exchanges are already the second batch of companies authorized by the FSA. In late September, the agency has okayed the ...
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| Bitcoin Mania: Japan Sees 'Cryptocurrency' Become Top-10 Buzzword The trend continues Japan's newfound official love affair with cryptocurrency, the technology having gained regulatory approval and enjoying an exploding exchange and commerical scene. While actual usage remains niche, trading and investment have taken off, while the country's press is also ...
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| Treasury plans cryptocurrency crackdown Bitcoin hit a record high of $11,800 yesterday and its value has risen tenfold over the course of the year, pushing its market cap up to $194.62 billion (£144.3 billion). The Bank of England has previously warned on its meteoric rise, while JP Morgan CEO branded the cryptocurrency 'stupid' last month.
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