Azerbaijan Mulls Its Own Cryptocurrency: ‘CryptoManat’

Azerbaijan Mulls Its Own Cryptocurrency: ‘CryptoManat’

Azerbaijan is actively discussing the possibility of creating a “Cryptomanat” coin – the cryptocurrency equivalent of its national currency, the Azerbaijani manta, reports the Echo local newspaper. Discussions of creating a national cryptocurrency started in the CIS countries after an announcement from Russian payment service provider Qiwi last week regarding the creation of a "BitRuble" in Russia. According to the head of the Centre for Sustainable Development Research Nariman Agayev, some Azerbaijan citizens already tried to using the currency for financial transactions, but the venture....


Related News

Azerbaijan Opening Up To Bitcoin And Cryptocurrencies

Azerbaijan, erstwhile member of the now dissolved USSR, is taking another step closer towards cryptocurrencies and Bitcoin. Earlier, in September 2015, it was reported by CoinTelegraph that Azerbaijan was actively discussing the possibility of creating a “Cryptomanat” coin – the cryptocurrency equivalent of its national currency, the Azerbaijani manat. Now, Azerbaijan is getting its first Bitcoin exchange service. BTC.AZ will be the country’s first BTC exchange services provider, and will also provide educational material on Bitcoin in the local Azerbaijani language. They are expected to....

Nobel Prize-Winning Economist Robert Shiller Mulls Over Getting Active in the...

Nobel laureate and professor at Yale University, Robert Shiller, is tempted by the crypto market. He is mulling over investing in cryptocurrency to experience the market. “I never bought bitcoin. Maybe I should be active in that market,” he said. Yale Professor and Nobel Prize Winner Mulls Over Getting Into Crypto Nobel laureate Robert Shiller talked about cryptocurrency in an interview with CNBC, published Sunday. Shiller won The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2013 alongside Eugene Fama, Lars Peter Hansen “for their empirical....

India Mulls Imposing 18% Tax on Bitcoin Transactions

The move is viewed by some as a sign the Indian government is warming up to cryptocurrencies.

Billionaire Carl Icahn Mulls Over Diving Into Cryptocurrency in a ‘Big Way’ W...

Billionaire investor Carl Icahn, the founder of Icahn Enterprises, says that his company is exploring how to get involved in cryptocurrency “in a relatively big way,” which he said could be an investment of about $1.5 billion. Carl Icahn Exploring Getting Into Cryptocurrency Carl Icahn, the founder and controlling shareholder of Icahn Enterprises, a diversified conglomerate holding company based in New York City, revealed his cryptocurrency plan in an interview with Bloomberg on Wednesday. He said: I’m looking at the whole business and how I can get involved in it with....

Ripple Opens Dubai HQ as Blockchain Firm Mulls Leaving US

The blockchain company's new Middle East and North Africa headquarters will be within the DIFC financial hub.