“The ultimate goal of countries like Venezuela, Iran and Russia seems to be to create a parallel financial system under a new alliance of nations.”
Read more: https://moneyandmarkets.com/iran-russia-launching-cryptos/
“The Norwegian and British reports come approximately one week after U.S. Federal Reserve governor Lael Brainard expressed her opposition to the suggestion of central bank-issued cryptocurrencies.”
Read more: https://news.bitcoin.com/norway-and-england-contemplate-central-bank-issued-cryptocurrencies/
“The Harare High Court has lifted a ban by the central bank which barred all banks and financial institutions from offering services to cryptocurrency exchanges. The Reserve Bank of Zimbabwe (RBZ) failed to appear for court proceedings.”
Read more: https://www.ccn.com/breaking-zimbabwe-court-lifts-central-banks-banking-ban-on-bitcoin-exchanges/
“The Reserve Bank of Zimbabwe issued a circular Friday ordering all financial institutions to terminate servicing cryptocurrency exchanges within 60 days and begin to liquidate existing crypto-related accounts.”
“Australia’s Liberal Party government says it’s ‘encouraging the transition to a digital society,’ and cracking down on tax evasion.”
Read more: https://gizmodo.com/australia-bans-cash-for-all-purchases-over-7-500-start-1825946888
“Former Reserve Bank of Zimbabwe governor Gideon Gono says he was forced to print money even when he knew it would cause hyperinflation because the government was desperate to forestall a coup by hungry soldiers.”
Read more: https://bulawayo24.com/index-id-news-sc-national-byo-134280.html
“Interviews with more than two dozen customers who had their money stolen through Zelle illustrate the weaknesses that criminals are using in targeting the network.”
Read more: https://www.nytimes.com/2018/04/22/business/zelle-banks-fraud.html
“Indians are concerned that a proposed bill, which gives regulators the option to use public deposits to bail out a bank that goes bust, is pushing individuals to hoard cash. The government has repeatedly issued statements to assure the public that their money would be safe. These concerns are heightened by news that emerged in February of a $2 billion fraud at state-run Punjab National Bank, where a jeweler allegedly colluded with a bank employee to siphon off money before leaving the country.”
“Can you trust something that’s summoned into being, without a government backing it? As it turns out, this is precisely the conundrum that early Americans faced.”
Read more: https://www.smithsonianmag.com/innovation/founding-fathers-money-problems-bitcoin-180968393/
“The ineffable leader of the Bolivarian Revolution has recently announced the launching of a new currency, the so-called Sovereign Bolivar, which will replace the bolivar as the official medium of exchange starting in June.”