Reports of a Bank of Indonesia crackdown on bitcoin payments have largely obscured the fact that the Indonesian Financial Services Authority (Otoritas Jasa Keuangan – OJK) has actually been encouraging rural financial institutions to implement blockchain technologies into their operations. This is a bid to encourage them to make greater use of technology so that they and their … [Read more...] about What Ban? Indonesian Regulator Asks Banks to Use Blockchain Technology
Possibly following in the footsteps of Venezuela, Iran is hinting it may release its own cryptocurrency. After months of speculation, it now appears officials -- while still not thrilled about bitcoin -- realize its technology may have more followers than they thought. Also see: Tokens and the ICO Model: Why Bets on the Velocity of Money Are Bound to Fail Subscribe to … [Read more...] about Iran Hints it Might Release a National Cryptocurrency Too
In case you hadn’t noticed, the narrative droning from mainstream media sites, newspapers and press conferences seems to be following a distinct theme: "Trusted, wealthy older gentleman believes cryptocurrency is a scam, and here’s why". But let's take a look at the favored business practices of these "vulture capitalists" and ask: Are they really the people whose advice you'd … [Read more...] about Why Trust Old Vulture Capitalists Like Paul Singer on Bitcoin?
The Venezuelan government has begun a chaotic pre-sale campaign for its national "crypto-asset", the petro (PTR). However there are several caveats for investors seeking profits or even novelty value from the world's first government-backed cryptocurrency -- pre-sale tokens are not themselves petros, exactly what and where the tokens are is unclear, and U.S. investors may … [Read more...] about Venezuela’s Petro Cryptocurrency Is Actually a Thing… but What Kind of Thing?
A South Korean official responsible for cryptocurrency has been found dead in his home. The body of Jung Ki-joon, who headed economic policy coordination at the Office for Government Policy Coordination in South Korea, was discovered at the former regulator’s home during the early hours of Sunday, February 19th. Jung is believed to have died from a heart attack in his sleep, … [Read more...] about South Korean Cryptocurrency Official Found Dead