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Venezuela's digital coin makes debut Officials say the so-called petro is backed by Venezuela's crude oil reserves, the largest in the world. Socialist President Nicolas Maduro late last year announced he was creating the digital currency to outmaneuver U.S. sanctions preventing cash-strapped Venezuela from issuing new debt.
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Congress sets sights on federal cryptocurrency rules Bipartisan momentum is growing in the Senate and House of Representatives for action to address the risks posed by virtual currencies to investors and the financial system, they said. Even free-market Republican conservatives, normally wary of government red tape, said regulation could be needed if ...
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Bank of England's Mark Carney Declares Bitcoin has "Failed" as a Currency Bitcoin has been lauded as many things, including some sort of ultra-libertarian monetary alternative to government regulated currencies. Despite people still singing praises of Bitcoin, and cryptocurrencies in general, the Bank of England's Mark Carney has declared Bitcoin has failed to meet its lofty ...
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BoE's governor Carney says Bitcoin fails as a substitute currency Bank of England Governor Mark Carney sees fundamental problems with the concept of Bitcoin as a viable currency when measured by standard benchmarks. . BOE governor said that there are two big problems with bitcoin as a credible currency: its value is unstable, and it can't be a "useful way to ...
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Centralized currency definition The FATF Recommendations are recognised as the both centralized and decentralized virtual currency. Centralized virtual currency is generally administered by private parties, usually companies, in the form 18 Mar 2013 Virtual Currency. Clearing House. The most notable digital form of currency is 4 ...
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