South Korea has embarked on a completely opposite course by recently announcing its intention to regulate digital currencies. The Financial Services Commission decided to proceed with further regulation in the light of the increasing popularity of Bitcoin in the country.
The major talking point of the past two weeks undoubtedly was the much anticipated outcome of the U.S. presidential election that affected the price of Bitcoin. To a similar extent, attention has been paid to India, where Bitcoin and cryptocurrencies in general are on the verge of a successful breakthrough.
Argentina reports that one of its start-ups has been testing an app called Signatura. It is used as a tool verifying official or administrative documents, without the need for third party confidentiality agreements. Potential areas of application include both the public and the private sector.
The past two weeks were chiefly engulfed by news concerning banks and regulations in relation to cryptocurrencies. Providing some balance on the other side of the spectre were positive pieces introducing Bitcoin´s newfound capacity to cover electricity bill payments in Japan or coffee-breaks in Russia.
It looks like cryptocurrencies are once again becoming a reliable payment method for citizens living in unfavourable conditions. Just recently, Venezuela joined the ranks of the likes of Greece, China, or Cyprus in opening the gates for cryptocurrencies.
The past two weeks were characterized predominantly by discussions over the hacking of Bitcoin exchange BitFinex. Other noteworthy news streamed mainly from Zimbabwe, the U.S., Isle of Man, China, and customarily from Russia.
Despite being in the midst of holidays, it does not seem like a festive season in the world of cryptocurrencies. Several notable occurrences meriting attention were captured worldwide in recent weeks, predominantly in Russia, North America, and Europe.
Despite the fact that the silly season has already started, several interesting occurrences took place. The most important news comes from the European Union, but also from Russia, Argentina and USA. Let us have a closer look.
The main spark of the thrill was the result of the Brexit referendum, with the Leave vote prevailing over its counterpart. In spite of Brexit not occurring in the foreseeable future, the confusion it generated on financial markets was evident, boosting the cause of cryptocurrencies.
The last couple of weeks bore witness to some interesting news. Headlines generated from ranks of the European Union were complemented by updates from the realm of new technologies and applications continuously on a crusade of further progress and development even in the world of virtual currencies.