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The Push to Kill Cash – Australia’s Proposed Ban Shows It’s Not Conspiracy Theory

The supposed coordination of governments and tech companies to create a one-world, cashless society is often viewed as little more than fodder for silly Youtube conspiracy videos. After all, cash is still king in daily life, even in extremely high-tech, innovative societies like Japan. Upon closer e..

7,000+ Sign Petition Against Drafted Cash Restrictions in Australia

News More than 7,000 people have signed a new petition against drafted cash restrictions in Australia, different drafts of which include and exclude digital currencies from proposed limits. Earlier this week, Robert Barwick, director at the Citizens Electoral Council of Australia, initiated a peti..

Andrew Yang Wants to Make US Elections Fraud-Proof Using Blockchain

News Andrew Yang, a 2020 United States presidential candidate in the Democratic Party and blockchain advocate, says he will implement blockchain-based mobile voting as president. According to Yang’s campaign website, Yang believes that Americans should have the option of voting on a mobile device,..

What’s Driving Up Bitcoin Price? Central Banks, Says FT Reporter

News The Financial Times' chief correspondent for international finance has argued that central banks can ironically be credited for igniting Bitcoin’s price. In a column for Nikkei Asian Review on Aug. 21, Henry Sender said that banks’ dovish policies are spurring an increasing recognition o..

Saudi Arabia Warns of Crypto Scammers Posing as Gov’t Projects

News Saudi Arabia’s Finance Ministry has warned against crypto tricksters using the kingdom’s official emblem to promote tokens that purport to be tied to government projects. Arab News reported on Aug. 21 that the ministry has identified a Singapore-based company promoting two fraudulent cryptocu..

US Secretary of State Wants to Regulate BTC Like Other E-Transactions

News United States Secretary of State Mike Pompeo believes that Bitcoin (BTC) should be regulated the same way as other electronic financial transactions. Security risks of reduced governmental monitoringIn an interview on Squawk Box on Aug. 20, Pompeo pointed out the risk of anonymous transaction..

RBI Defends Its Power Over Crypto in Indian Supreme Court

The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also read:..

China Is Racing to Launch a Digital Currency Ahead of FB’s Libra

News The People’s Bank of China (PBoC) is almost ready to launch its government-backed digital currency, official sources say. An Aug. 20 report from the CPC-owned English-language news portal China Daily further revealed that the central bank digital currency (CBDC) may have been influenced by th..

Israeli Financial Authority to Accelerate Blockchain, Fintech Licensure

News The Capital Market, Insurance and Saving Authority, a division of Israel’s Ministry of Finance (MoF), is looking to accelerate the process of procuring licenses for blockchain and fintech companies in the country. Israeli business news outlet Calcalist reported the development on Aug. 19. Acc..

New York Court Rules That State Attorney Has Jurisdiction Over Bitfinex

News The New York State Supreme Court has ruled that the New York Office of the Attorney General (NYAG) has jurisdiction over cryptocurrency exchange Bitfinex. According to a court filing on Aug. 19, this will allow the NYAG to continue its investigation of the exchange over allegations of fraud a..

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