Cryptocurrency Could Aid Job Creation Efforts
We are all witnessing how the worldwide economic situation keeps getting worse and worse every day. Unemployment numbers are rising through the roof and there is no bright light ahead. On the contrary, the future is only looking gloomier at this point. So what can be done in order to create more jobs? The way things are handled at the moment leave a lot to be desired. Companies are not innovating themselves, or looking at alternative opportunities. Some prominent people even go as far as saying there doesn’t seem to be a proper solution to this issue. However, both governments and....
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Private banks in Mexico want to join efforts with the central bank of the country in the creation of a new digital currency. The president of the Mexican Bank Association (ABM) met with the governor of the Bank of Mexico to offer the help of the group of private banks for the creation of a national digital currency in the future.
Private Banks Want to Be Involved in Potential CBDC
Members of the Mexican Bank Association have stated their intention of helping the central bank of the country in the design and issuance of a potential central bank digital currency (CBDC). The....
Altcoins such as Litecoin and Ripple have proliferated since Bitcoin’s creation back in 2009, but J.R. Willet thinks his currency protocol can work as an add-on to Bitcoin’s blockchain. Willet’s creation, called MasterCoin, would essentially rest on top of Bitcoin, and currencies created via the protocol would all tie back to the original blockchain. This keeps altcoin users from competing financially with Bitcoin and “dilute our efforts,” he said. This allows anyone to create a coin that serves as an analog to an existing currency or commodity — say gold or a US dollar.
SelfWealth’s move into crypto investment falls in line with the company’s efforts to shift from a pure share trading platform to a “wealth creation platform.” SelfWealth, a share trading platform listed on the Australian Securities Exchange, is planning to offer cryptocurrency trading as part of its 2021 roadmap.On Monday, SelfWealth officially announced that the company will partner with an “established and secure cryptocurrency exchange” to offer crypto trading on its platform.“This is off the back of research we’ve done, including answers from many of you. You want to access crypto, but....
Venezuela president Nicolas Maduro says the country is to start using cryptocurrency in both domestic and global trade, as part of efforts to neutralize crippling U.S. economic sanctions. Speaking in the country’s parliament on Sept. 29, Maduro revealed that the move will “give new strength to the use of petro and other cryptocurrencies, national and global, in domestic and foreign trade…” The country has already been trying to use its national crypto, the petro, for this purpose but without much success. Maduro was delivering an anti-sanctions law aimed at....
The AFIP, the Argentinian tax agency, is supporting the creation of a centralized system that serves as a registry for cryptocurrency holders. According to statements from its head, this would make it easier for tax agencies all over the world to curb evasion. The organization has already made use of financial information to collect taxes from Argentinian users with bank accounts abroad.
Argentinian Tax Agency Backs Crypto Holder Registry Creation
The AFIP, which is the Argentinian national tax collecting agency, wants to advance its efficiency in the collection of crypto-related....