Global Watchdog Says Stablecoins Could “Spark The Mass Adoption of Cryptocurrencies”

Global Watchdog Says Stablecoins Could “Spark The Mass Adoption of Cryptocurrencies”

A recent Reuters article is reporting that the Financial Action Task Force (FATF) believes stablecoins may take crypto mainstream. Furthermore, the FATF is now warning that this may create issues for global anti-money laundering measures. Are stablecoins going to pave the way for mass adoption of crypto? The Financial Action Task Force is a Paris-based, … Continue reading Global Watchdog Says Stablecoins Could “Spark The Mass Adoption of Cryptocurrencies”

US Congressman Brad Sherman Calls for US Ban on Cryptocurrencies

A US Representative is urging his colleagues to join him in implementing a nationwide US ban on cryptocurrencies. This cryptocurrency-averse stance comes as the Representative fears that cryptocurrency could replace the US dollar if not immediately curbed.  Sherman: ”Cryptocurrencies are only useful for criminals” Specifically, the Congressman in question is the notoriously Bitcoin-averse California Democrat … Continue reading US Congressman Brad Sherman Calls for US Ban on Cryptocurrencies

IMF: Cryptocurrencies Are Shaking The Current Financial System

IMF Cryptocurrencies Are Shaking The Current Financial System

Blockchain technology and cryptocurrencies is a disrupting technology. It changes entire industries for the better and even the International Monetary Fund’s (IMF) managing director agrees. IMF: Cryptocurrencies improve our current system The managing director of the IMF, Christine Lagarde, told CNBC that the new Distributed Ledger Technology (DTL) has a positive impact on our society. … Continue reading IMF: Cryptocurrencies Are Shaking The Current Financial System