The main challenge for central banks and supervisory institutions, not only in the European Union but also in the world is to create, in the nearest future, appropriate regulations concerning digital currencies, such as Libra.
The President of Ukraine Volodymyr Zelensky has announced a rapid technological leap and the full digitalization of the state. However, previous achievements in this area are not very reassuring.
Only 5 years after the a highly popular cloud-based instant messaging service, Telegram was founded by Russians — Durov brothers — the company announced its entrance into the cryptocurrency domain.
The banking sector is facing another revolution — the competition of global corporations, such as Facebook, Google, Amazon, Apple, and Alibaba. Their strength will force banks to restructure, but it may also push some of them...
In 2018, many financial supervision authorities declared war on cryptocurrency exchanges in the interest of their clients, whose assets are being increasingly targeted by cybercriminals.
The state or a company: who should mint and print money? Can private enterprise print and administer monetary systems, as they used to do ages ago?
For the first time, the Bank for International Settlements in its annual report has devoted a special chapter to cryptocurrencies. The BIS indicates that cryptocurrency technology cannot become a substitute for the existing...
Regulation is chasing production as governments try to formulate tax legislation regarding cryptocurrencies and the Polish government plans to do the same.
The Ukrainian central bank announced the launch of a pilot project of the electronic hryvnia (eUAH). Unfortunately, the idea was discredited by scammers before the tests began.
Real currencies have its electronic form as entries in bank accounts. Cryptocurrencies should not be identified with real currencies, says Adam Tochmański, the director of the Poland’s central bank, NBP Payment Systems...