Europe Lays Out Roadmap to Restrict Payments in Cash and Cryptocurrencies
Cash and cryptocurrencies have been the target of the European Commission’s anti-money laundering efforts. Recently, the Commission published a roadmap of its proposal for the ‘restrictions on payments in cash’ initiative, extending them to cryptocurrencies like bitcoin. The Roadmap. The roadmap or ‘Inception Impact Assessment’ aims to inform....
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The price of Polkadot’s native token hit an all-time high (ATH) this week, soaring above $30, as the company laid out the next steps of its plans and the systems to finalize the network launch. Polkadot Roadmap Outlines Layer 0 Deployment Initiatives Polkadot released a roadmap highlighting that it is currently in its Rococo phase, the first of three major phases until the network goes live. Here is a breakdown of the roadmap. Rococo Testnet Rollout Polkadot (DOT) plans to continue with its launch of parachains, also referred to as application-specific data structures. These....
New sanctions discussed by EU member states amid the current escalation of the conflict in Ukraine are going to restrict European crypto services for Russians. Reports about the tightening have come after earlier this year the Union banned only “high-value” crypto-asset services to Russian residents and companies.
EU Expected to Target Crypto Services for Russians in New Round of Sanctions Over Ukraine
The European Union is preparing to punish Russia with more sanctions over its decision to announce partial mobilization as part of its escalating military....
The boss of MasterCard in the UK and Ireland believes cash will be practically extinct in the next five years across Britain and Ireland and will seem as antediluvian as carrying a pouch full of gold. Speaking to Business Insider during Money2020 Europe in Copenhagen last week, Mark Barnett CEO of MasterCard UK and Ireland claimed cash in 30 years will seem as old fashioned as the horse and cart. Barnett says: "We're quite ahead of the rest of the world, because if you take the world as a whole it's still 85% cash. I think in five years time there'll be practically none. There will be....
In an effort to encourage Israelis away from using cash and towards paying digitally, Israel recently enacted a new regulation limiting the use of cash on August 1st. Starting in 2019, an Israeli company’s cash transaction limit was 11,000 NIS ($3,200) per client. With this restriction on using cash transactions with clients, Israel continues its […]
There is a misconception in the bitcoin community that the roadmap for how bitcoin should scale is based almost entirely on the technical judgment of the Bitcoin Core developers. While the Bitcoin Core roadmap does draw heavily on the substantial technical expertise of the Core developers, there are many non-technical factors that influence the Core roadmap. Many people agree with Core on all of the technical issues, yet still disagree with their roadmap. That's because the roadmap is based on assumptions about economics, group psychology, ethics and many other things which we have no....