Day: May 9, 2021

The president of the European Central Bank (ECB), Christine Lagarde, warned that cryptocurrencies are prone to money laundering. She agrees with the governor of the Bank of England, Andrew Bailey, who recently said that cryptocurrencies have no intrinsic value and investors should be prepared to lose all their money if investing in them. ECB Chief Lagarde Sees Crypto as a ‘Real Risk’ for Investors European Central Bank (ECB) chief Christine Lagarde talked about cryptocurrency Friday during a webinar hosted by the European University Institute. She said: Crypto-currencies — these two…

The People’s Bank of China’s upcoming digital yuan card will feature IDEX Biometrics and fingerprint scanning, according to regional reports. China’s “Digital Currency Electronic Payment” or DCEP is getting closer toward launch by the day. Last week, smart card manufacturer Chutian Dragon and IDEX Biometrics announced the companies are working on a digital yuan payments card. China’s DCEP Will Boast Advanced Fingerprint Identification and Authentication Solutions China’s DCEP continues to make headlines as the crypto asset and central bank-crafted network inches closer toward reality. As the digital yuan draws near,…

On Saturday evening, the privacy advocate and well known whistleblower, Edward Snowden, spoke out against some criticism stemming from the Human Rights Foundation’s Alex Gladstein. Snowden attacked the tribalism taking place in the crypto space and said that some people “lose sight of the world beyond their cave.” Alex Gladstein Calls Snowden’s Interview Clip a ‘Disaster’ Just recently, the Human Rights Foundation’s (HRF) Alex Gladstein had some words to say to the former NSA contractor and whistleblower Edward Snowden. Gladstein didn’t like the statements Snowden made in a recently published…

Russia’s central bank has examined three platforms offering crypto-related services. The projects have been tested in its regulatory sandbox in the course of 2020. Bank of Russia has received dozens of requests to pilot various financial services since it created the closed regulatory environment around three years ago. CBR Pilots 3 Crypto Projects in 2020 The Central Bank of the Russian Federation (CBR), also known as Bank of Russia, launched the sandbox back in 2018, when developments in financial technology and decentralized digital assets presented regulators with a new set…

People’s Remedy, a growing chain of cannabis stores, has started accepting cryptocurrencies as a payment method, allowing their customers to use them as a fast, easy way of getting their products while taking advantage of the traits cryptocurrencies bring to the table. Unlike other stores, People’s Remedy assumes this symbiotic relationship between cannabis and crypto as a commitment, wanting to build a circular economy by paying its employees with crypto assets. People’s Remedy Starts Accepting Cryptocurrencies as Payment People’s Remedy, a California-based cannabis chain of dispensaries, has started taking cryptocurrencies…