Zimbabwe’s central bank, Reserve Bank of Zimbabwe, has announced that the use of the cryptocurrency Bitcoin is not allowed in the country. The bank has already issued a warning in the past stating that investors in the digital currencies could lose their money without recourse.According to the Reserve...
Belarus President Alexander Lukashenko is expected to sign the draft decree on the Belarusian High-Tech Park (HTP) that will make the use of digital currencies in the country lawful.Under the draft, virtual currencies and initial coin offerings (ICO), as well as mining will already be allowed in the...
Local UK cryptocurrency HullCoin is advancing its status and even offering users tax cuts.As the Financial Times reports this week, HullCoin, which has existed for several years, has grown its user base and attracted government funding.£240,000 is now earmarked to propagate the scheme, which rewards users who perform...
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The Chicago Board Options Exchange (CBOE) has released its new Bitcoin derivative contract specifications in late November 2017, with the product itself to be introduced in the market in the next few weeks. With the move, the exchange follows other financial institutions in introducing Bitcoin futures products.The CBOE...
The Philippines’ Securities and Exchange Commission (SEC) has announced that it is considering steps to legalize the use of digital currencies in the country by classifying them as securities. The move comes following the financial regulator’s issuance of regulations for the cryptocurrencies like Bitcoin earlier in 2017.The Manila...