“The IMF also expects the Venezuelan economy to contract 15% this year, leading to a cumulative GDP decline since 2013 of 50%. Venezuela’s collapse, while contained, is so profound it is now holding back the rebound of the entire region: while Latin America is expected to grow 1.9% this year, the number would be 2.5% without Venezuela according to Bloomberg.”
“To Venezuelans such wisdom is essential, because when you are coping with hyperinflation, the long term is next week.”
“If all goes according to plan, not only will TokenPay and the Litecoin Foundation have a reliable banking partner, they would also transform WEG into an on-ramp for consumers worldwide who want to trade fiat for cryptocurrency or pay for goods and services with crypto.”
Read more: https://www.coindesk.com/litecoin-bank-tokenpay-crypto/
“Switzerland’s fast-growing cryptocurrency industry could have full access to conventional banking services by the end of the year, removing one of the restrictions to future growth, a top Swiss policymaker has said.”
Read more: https://archive.fo/MH3sJ#selection-1629.0-1629.61
“‘Unlike their 18th and 19th century paper [private money] predecessors, VCs are used globally, disregarding national borders,’ the report reads.”
Read more: https://bitcoinist.com/eu-parliament-study-not-ban-bitcoin/
“The head of the Bank of International Settlements has predicted a bad ending for cryptocurrencies, calling for an end to their production in a recent interview.”
Read more: https://www.coindesk.com/bis-chief-says-stop-trying-to-create-money-in-new-crypto-critique/
“According to the article, the main impetus for buying cryptocurrencies are either for criminal activities, creating a sense of community, security against ‘real or imagined’ state oppression, and the thrill of trading.”
“The currency war has arrived. So say some of the best and brightest in the $5.1 trillion-per-day foreign-exchange market.”
“‘We should prohibit U.S. persons from buying or mining cryptocurrencies,’ the California Democrat – whose largest donor is credit card processor Allied Wallet – declared.”
Read more: https://www.coindesk.com/u-s-congressman-calls-for-national-ban-on-crypto-ownership/
“U.S. border officials won’t release the money, deeming it ‘counterfeit.'”