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Euro zone leaders give new push to reforms of single currency area Leaders of the 19 countries sharing the single currency did not take any decisions at what the chairman of their finance ministers, Mario Centeno, called a "pit stop" summit, but promised to come up with concrete solutions by June. "We are experiencing the most favorable situation since the introduction ...
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United States: OFAC Publishes Digital Currency-Related Guidance On March 19, 2018, the Treasury Department's Office of Foreign Assets Control (OFAC) published five frequently asked questions and responses (FAQs) relating to digital currency and sanctions compliance.1 The FAQs are the latest in a series of signals by the Treasury Department demonstrating its ...
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IRS Warning: Report Virtual Currency Transactions Or Risk Jail Time Virtual currency, as generally defined, is a digital representation of value that functions in the same manner as a country's traditional currency. There are currently more than 1,500 known virtual currencies. Because transactions in virtual currencies can be difficult to trace and have an inherently ...
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The "academic's cryptocurrency" is an elegant waste of time Into a crowded field of wannabe currencies of the future chugged Saga on Thursday, promising a serious, sober, and regulatory friendly type of digital money. Here's the FT's description: Saga aims to address many of the criticisms that are frequently thrown at bitcoin, the world's biggest cryptocurrency, ...
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Sterling is the star currency of the week Add in the trade tensions being felt worldwide, and it's a more gloomy picture than the Eurozone has seen for some time. Brexit discussions continue; and while significant progress is being made, any Brexit commentary from either side has the ability to knock the European and British currencies for six.
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Dual-currency prepaid credit card for Hong Kong-China commuters HKT and UnionPay International have launched a new Tap & Go UnionPay Prepaid Card for payments across mainland China. The new card allows customers to instantaneously convert Hong Kong dollars into yuan using their Tap & Go mobile wallets when they are traveling in mainland China.
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Kin: Digital Currency for the Kik Messaging App One highly touted ICO that raised nearly $100 million was Kin, the native currency of the popular messaging app Kik, which is one of the world's most used chat services and the fifth most-searched term in the iOS App Store. Kik aims to build fundamental value for the new currency by integrating Kin into ...
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TMX enters bitcoin market with new cryptocurrency platform The new platform is called Shorcan Digital Currency Network (Shorcan DCN), and is expected to debut in the second quarter of this year. It will initially focus on trading and data in the two most common cryptocurrencies, bitcoin and Ether, a currency generated by the Ethereum technology platform.
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