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| MP warns govt about pitfalls of digi currency Cla iming that the RBI has failed to act since 2013, when virtual currencies began to gain salience, Udasi has said the inaction is surprising given that its officials have warned in public statements that these currencies pose a serious risk to consumers. "VCs (virtual currencies, being digital in form, are ...
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| Ripple leak: Spanish claims threaten cryptocurrency gains Current forms of payment by wire transfers or SWIFT are plagued by high fees and takes some time. Money is exchanged from the country of origin, into the current de factor currency – the US dollar – and then from that into the currency for the country of destination. Ripple can achieve the same feat in a ...
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| Bitcoin falls 12%. Australian banks freeze accounts tied to crypto They say the bank can refuse a transaction "because the destination account previously has been connected to a fraud or an attempted fraudulent transaction or is an account used to facilitate payments to Bitcoins or similar virtual currency payment services". Coinspo said it was temporarily restricting all ...
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| Bitcoin tensions rise as investors claim banks freezing their accounts Bitcoin investors have made allegations that the big banks are freezing their accounts due to their cryptocurrency activity. Photo: Shutterstock. Bitcoin, a currency once known for its use by criminals trading online through a 'Silk Road' for drugs and weapons, has become a popular investment option.
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| India's Ministry of Finance Compares Bitcoin and Cryptocurrencies to 'Ponzi Schemes' India's Ministry of Finance has claimed that Bitcoin and the other digital currencies are "like Ponzi schemes" and investors should take extra caution when investing in them, in a statement issued this Friday. The ministry added that the cryptocurrencies lack "intrinsic value," as well as the backing by any ...
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| Troy N. Miller: Could civil asset forfeiture violate 1st Amendment? (Gazette) FEC — that money isn't just property or currency — that $91,000 in an envelope marked for "Great America PAC" or the "Senate Leadership Fund" has transformed from simple currency into political speech. And as political speech, that $91,000 is theoretically protected under the First Amendment.
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