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PBOC Director Advocates State-Issued Cryptocurrency

The Director of The People’s Bank of China’s (PBOC) Digital Currency Research Institute, Yao Qian, has announced his determination that the issuance of a state-owned digital currency is necessary in order to “fundamentally guarantee the market position of… [China’s] currency”, as reported by Chinese media outlet, Yicai.Also Read: Virtual Currencies Expected …

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Nordic Law Firm Now Accepts Bitcoin Payments

A Finland-based law firm, Nordic Law, made an announcement Thursday they would begin accepting bitcoin payments for legal services rendered. Specializing in business and law, the firm recognized their clients’ needs for leveraging alternative forms of payment. Also read: Remittance Startup Bitspark Drops Bitcoin Over Network FeesThe company blog explains: “We have …

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Cryptocurrencies Expected to Cause “Massive Disruptions” – IMF Managing Director

The managing director of the International Monetary Fund (IMF), Christine Lagarde has again addressed the topic of bitcoin and cryptocurrency. At a recent IMF event, Lagarde told reporters that virtual currencies will comprise the catalyst for “massive disruptions” within the financial markets and fintech industries.Also Read: IMF Chief Lagarde Tells Central …

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Zenapay Latest PoS Bitcoin Solution to Enter Projected $50 Billion Cannabis Market

US cash-intensive cannabis businesses (420s) are looking for ways to meet customer demand while struggling under federal prohibition. Cryptocurrencies are increasing in popularity with 420s, and now Zenapay is entering the market with its own bitcoin solution.Also read: Indospace Allows Cannabis Merchants to Accept Bitcoin EffortlesslyThe US states comprising its contiguous …

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Bank of Lithuania Discourages Financial Institutions From Dealing With Virtual Currencies

The Bank of Lithuania has issued an official position regarding initial coin offerings (ICOs) and cryptocurrencies, in which the central bank encourages banks to withhold financial services from businesses operating with virtual currencies. Lithuania’s central bank also expressed its belief that ICOs should be regulated as securities.Also Read: Lithuania Shows ‘Serious …

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UK’s Tickmill Adds Bitcoin to its Forex Platform

United Kingdom dominance in the European financial technology sector continues with over-the-counter (OTC) exchange Tickmill trading in bitcoin. Also read: Major Russian Forex Broker Alpari Launches Bitcoin Trading PairsA quick press release announced excitedly the company’s venturing into bitcoin, “one of the world’s most popular cryptocurrencies has joined our growing …

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