Bitcoin Could Free Businesses From Bank Control, CEO Says

When you are a government as large, powerful, and desperate as the one that controls the United States, things many of us take for granted like freedom, ethics, and privacy can be easily crushed underfoot in an ongoing quest for control. Freedom and control are strange bedfellows, and rarely the two shall meet. Governments are all about control: control of their populace. Recently, the U. S. government has created many arms of regulatory government to gain more control of an evermore complicated world and its citizens. We'll leave their military exploits to another time and place for....

With Web 3.0 gaining ground, data is the new currency as anyone who has control over useful data can make a fortune by putting it to good, or even bad use. As the world goes increasingly digital, people are now genuinely concerned about safeguarding their data. In the current scenario, if one can exert control over their personal information and data generated by their day-to-day activities, they will not only decide on who can access it but also derive monetary benefits out of it. The importance of user-generated data is not lost to the world, as many controversies in recent days have....

The Bank of Ghana recently warned businesses quoting U.S. dollar prices that the practice is still prohibited and that the cedi remains Ghana’s sole legal tender. The bank said it is working with law enforcement to “clamp down on illegal foreign exchange operations.” In addition to naming and shaming businesses violating the law, a Ghanaian actress urged the central bank to stop Ghanaians from operating USD accounts. Cedi Ghana’s Sole Legal Tender As shortages of foreign exchange and currency depreciation continue to weigh on the Ghanaian economy, the country’s....

The National Australia Bank (NAB) has decided to dissociate itself from bitcoin, informing bitcoin-related customers it will be closing their accounts next month. The news is significant as NAB was previously Australia's most bitcoin-friendly bank, with their representatives actively seeking to build relationships with bitcoin businesses and working with them to understand digital currency issues like fraud prevention. An Australian trader who operates through LocalBitcoins.com received a letter today informing him of the change in direction. It reads: "NAB has a responsibility and....

The National Bank of Ukraine (NBU) has come forth with a statement on bitcoin, and they're telling citizens of the usual risks echoed a good number of times now from central banks around the world - warning that the bank shall not be responsible for the loss of any digital currency holdings. But perhaps more interesting is a call for bitcoin businesses that work as payments systems to register with the NBU: In accordance with Article 9 of payment organizations payment systems, payment systems participants and payment infrastructure service operators have the right to perform activities in....