Africa and the Middle East: Crypto and Blockchain News Roundup, 13th to 19th July 2018
Africa and the Middle East
Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country.
Read full article at https://bitcoinnews.com/africa-and-the-middle-east-crypto-and-blockchain-news-roundup-13th-to-19th-july-2018/
Video https://www.youtube.com/watch?v=2hBH5hfcftY
Topic: BitcoinNews: #1 In Blockchain News - page 35. (Read 4502 times)
South America: Crypto and Blockchain News Roundup, 13th to 19th July 2018
South America
Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country.
Read full article at https://bitcoinnews.com/south-america-crypto-and-blockchain-news-roundup-13th-to-19th-july-2018/
Video https://www.youtube.com/watch?v=mqS22likDEs
South America
Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country.
Read full article at https://bitcoinnews.com/south-america-crypto-and-blockchain-news-roundup-13th-to-19th-july-2018/
Video https://www.youtube.com/watch?v=mqS22likDEs
Barry Silbert Calls Bitcoin Bottom, Predicts Big Year For Crypto in 2019
The founder of Digital Currency Group, Barry Silbert, says the Bitcoin bottom is here. He says the “bears ran out of energy”, they literally have no more Bitcoin to sell, that a large number of institutional investors were looking for an opportunity to get into the market, and the market technical analysis is starting to look “pretty good”. This is in reference to the current Bitcoin rally that has seen Bitcoin rise from USD 6,200 to USD 7,500 in less than a week, the biggest since April 2018.
Read full article at https://bitcoinnews.com/barry-silbert-calls-bitcoin-bottom-predicts-big-year-for-crypto-in-2019/
Video https://www.youtube.com/watch?v=Z9LAGpR84fA
The founder of Digital Currency Group, Barry Silbert, says the Bitcoin bottom is here. He says the “bears ran out of energy”, they literally have no more Bitcoin to sell, that a large number of institutional investors were looking for an opportunity to get into the market, and the market technical analysis is starting to look “pretty good”. This is in reference to the current Bitcoin rally that has seen Bitcoin rise from USD 6,200 to USD 7,500 in less than a week, the biggest since April 2018.
Read full article at https://bitcoinnews.com/barry-silbert-calls-bitcoin-bottom-predicts-big-year-for-crypto-in-2019/
Video https://www.youtube.com/watch?v=Z9LAGpR84fA
The ‘Bitcoin Archeologists’ Recovering Passwords with Brute Force and Hypnosis
There are many stories in Bitcoin lore of people coming into unexpected luck when Bitcoin left over from purchases years ago is suddenly worth a fortune after drastic price increases. The lucky person goes to try and withdraw their Bitcoins, only to realize they’ve lost the password or private key.
There are also many stories of people outright losing access to their stash, making the Bitcoin inaccessible. Now a small industry is springing up to help people recover their lost Bitcoin.
Read full article at https://bitcoinnews.com/the-bitcoin-archeologists-recovering-passwords-with-brute-force-and-hypnosis/
Video https://www.youtube.com/watch?v=Z2zp_3xuOOY
There are many stories in Bitcoin lore of people coming into unexpected luck when Bitcoin left over from purchases years ago is suddenly worth a fortune after drastic price increases. The lucky person goes to try and withdraw their Bitcoins, only to realize they’ve lost the password or private key.
There are also many stories of people outright losing access to their stash, making the Bitcoin inaccessible. Now a small industry is springing up to help people recover their lost Bitcoin.
Read full article at https://bitcoinnews.com/the-bitcoin-archeologists-recovering-passwords-with-brute-force-and-hypnosis/
Video https://www.youtube.com/watch?v=Z2zp_3xuOOY
Silk Road Founder Ross Ulbricht Tweeting from Prison
The alleged founder of the Silk Road, Ross Ulbricht, has now joined the Twitter sphere. As of this writing on 19 July 2018, Ulbricht’s Twitter account already has thousands of followers and it has only been six hours since his first tweet.
The man was arrested in 2013 and convicted in 2015 of money laundering, computer hacking, conspiracy to traffic fake identity documents, and conspiracy to traffic narcotics. He has been sentenced to life in prison without the possibility of parole. His legal team has made many appeals to get a re-trial, having even filed a petition with the Supreme Court of the United States, without success. Now for the first time, Ross Ulbricht is able to get messages to the outside world via a Twitter account he has created with the help of freeross.org.
Read full article at https://bitcoinnews.com/silk-road-founder-ross-ulbricht-tweeting-from-prison/
Video https://www.youtube.com/watch?v=BoqZtObz7DQ
The alleged founder of the Silk Road, Ross Ulbricht, has now joined the Twitter sphere. As of this writing on 19 July 2018, Ulbricht’s Twitter account already has thousands of followers and it has only been six hours since his first tweet.
The man was arrested in 2013 and convicted in 2015 of money laundering, computer hacking, conspiracy to traffic fake identity documents, and conspiracy to traffic narcotics. He has been sentenced to life in prison without the possibility of parole. His legal team has made many appeals to get a re-trial, having even filed a petition with the Supreme Court of the United States, without success. Now for the first time, Ross Ulbricht is able to get messages to the outside world via a Twitter account he has created with the help of freeross.org.
Read full article at https://bitcoinnews.com/silk-road-founder-ross-ulbricht-tweeting-from-prison/
Video https://www.youtube.com/watch?v=BoqZtObz7DQ
New Chinese-Swiss Partnership in Global Restaurant Loyalty Program Announced
Swiss loyalty token protocol qiibee has announced a partnership with Chinese loyalty rewards solution, foodchains, according to Global Banking and Finance Review.
The Swiss company, based in the Crypto Valley city of Zug, known for working with global brands, is to link with foodchains in order to enhance the customer’s overall experience in the Chinese-owned restaurant chain.
Read full article at https://bitcoinnews.com/new-chinese-swiss-partnership-in-global-restaurant-loyalty-program-announced/
Video https://www.youtube.com/watch?v=9l1zcAPrIXY
Swiss loyalty token protocol qiibee has announced a partnership with Chinese loyalty rewards solution, foodchains, according to Global Banking and Finance Review.
The Swiss company, based in the Crypto Valley city of Zug, known for working with global brands, is to link with foodchains in order to enhance the customer’s overall experience in the Chinese-owned restaurant chain.
Read full article at https://bitcoinnews.com/new-chinese-swiss-partnership-in-global-restaurant-loyalty-program-announced/
Video https://www.youtube.com/watch?v=9l1zcAPrIXY
Schnorr to Spark Next Vicious Debate For Bitcoin Since SegWit?
Bitcoin’s privacy and scalability problem could end soon once Schnorr signature is adopted by the BTC community.
Still in development, this Bitcoin upgrade proposes standard 64-byte Schnorr signatures over the current signature algorithm. This is one of the earliest discrete log-based signature schemes. It is simple in the way that it offers short signature length and efficiency by allowing pre-computing exponentiations for fast online signature generation. With regards to Bitcoin, Schnorr can clear up blockchain space and resolve transaction logjam by mashing signature data together.
Read full article at https://bitcoinnews.com/schnorr-to-spark-next-vicious-debate-for-bitcoin-since-segwit/
Video https://www.youtube.com/watch?v=-bb7MaXS_QE
Bitcoin’s privacy and scalability problem could end soon once Schnorr signature is adopted by the BTC community.
Still in development, this Bitcoin upgrade proposes standard 64-byte Schnorr signatures over the current signature algorithm. This is one of the earliest discrete log-based signature schemes. It is simple in the way that it offers short signature length and efficiency by allowing pre-computing exponentiations for fast online signature generation. With regards to Bitcoin, Schnorr can clear up blockchain space and resolve transaction logjam by mashing signature data together.
Read full article at https://bitcoinnews.com/schnorr-to-spark-next-vicious-debate-for-bitcoin-since-segwit/
Video https://www.youtube.com/watch?v=-bb7MaXS_QE
UK Beating Carbon Emissions with Blockchain as Liverpool Partners with Eco-Digital Company
Liverpool, a major city in the United Kingdom, is striving to utilize blockchain technology to reduce its carbon footprint in a partnership with the Poseidon Foundation.
With goals of becoming the first climate-positive city in the world, Liverpool City Council signed a deal with the eco-digital company to counteract its carbon emissions by 110% and then utilize that positive figure into backing for global conservation projects.
Read full article at https://bitcoinnews.com/uk-beating-carbon-emissions-with-blockchain-as-liverpool-partners-with-eco-digital-company/
Video https://www.youtube.com/watch?v=12S_O50gRPA
Liverpool, a major city in the United Kingdom, is striving to utilize blockchain technology to reduce its carbon footprint in a partnership with the Poseidon Foundation.
With goals of becoming the first climate-positive city in the world, Liverpool City Council signed a deal with the eco-digital company to counteract its carbon emissions by 110% and then utilize that positive figure into backing for global conservation projects.
Read full article at https://bitcoinnews.com/uk-beating-carbon-emissions-with-blockchain-as-liverpool-partners-with-eco-digital-company/
Video https://www.youtube.com/watch?v=12S_O50gRPA
US Congressman Brad Sherman Asks for Crypto Mining, Trading Ban
During a subcommittee for the House of Representatives Financial Services Committee on Wednesday, California Democrat Brad Sherman boldly declared his belief that all cryptocurrency mining and trades should be banned across the US.
Sherman’s arguably excessive comments went so far as to inaccurately determine the primary use of cryptocurrencies for tax evasion, and even for rogue states to avoid US sanctions, claiming the only way to deal with this must be banning all US citizens from dealing in cryptocurrencies.
Read full article at https://bitcoinnews.com/us-congressman-brad-sherman-asks-for-crypto-mining-trading-ban/
Video https://www.youtube.com/watch?v=me2l_-wRBck
During a subcommittee for the House of Representatives Financial Services Committee on Wednesday, California Democrat Brad Sherman boldly declared his belief that all cryptocurrency mining and trades should be banned across the US.
Sherman’s arguably excessive comments went so far as to inaccurately determine the primary use of cryptocurrencies for tax evasion, and even for rogue states to avoid US sanctions, claiming the only way to deal with this must be banning all US citizens from dealing in cryptocurrencies.
Read full article at https://bitcoinnews.com/us-congressman-brad-sherman-asks-for-crypto-mining-trading-ban/
Video https://www.youtube.com/watch?v=me2l_-wRBck
Police Tried Stealing $15,000 From a Venezuelan Bitcoin Miner
Venezuela’s economic crisis has meant citizens have resorted to new ways of acquiring money. Authorities forced entry into a businessman’s office, threatening to seize his office equipment in an effort to extort him for any money he might have.
Read full article at https://bitcoinnews.com/police-tried-stealing-15000-from-a-venezuelan-bitcoin-miner/
Venezuela’s economic crisis has meant citizens have resorted to new ways of acquiring money. Authorities forced entry into a businessman’s office, threatening to seize his office equipment in an effort to extort him for any money he might have.
Read full article at https://bitcoinnews.com/police-tried-stealing-15000-from-a-venezuelan-bitcoin-miner/
Visa Crash Highlights Need for Decentralized Bitcoin-Like Payment Systems
Visa experienced a serious network disruption on 1 June 2018, impacting customers across the entire European Union and Ireland. This failure is the result of Visa being a centralized network and highlights the need for decentralized payment systems like Bitcoin and cryptocurrency in general.
In an official statement regarding the incident, Visa said the outage occurred due to a hardware failure, and that the company fell short of its goal of Visa cards working reliably 24 hours a day 365 days a year. According to The Irish Times, there was a major disruption to businesses throughout Ireland as people suddenly found themselves not able to pay bar tabs and restaurant bills. Panic lines formed at ATMs as people tried to withdraw as much cash as possible.
Read full article at https://bitcoinnews.com/visa-crash-highlights-need-for-decentralized-bitcoin-like-payment-systems/
Visa experienced a serious network disruption on 1 June 2018, impacting customers across the entire European Union and Ireland. This failure is the result of Visa being a centralized network and highlights the need for decentralized payment systems like Bitcoin and cryptocurrency in general.
In an official statement regarding the incident, Visa said the outage occurred due to a hardware failure, and that the company fell short of its goal of Visa cards working reliably 24 hours a day 365 days a year. According to The Irish Times, there was a major disruption to businesses throughout Ireland as people suddenly found themselves not able to pay bar tabs and restaurant bills. Panic lines formed at ATMs as people tried to withdraw as much cash as possible.
Read full article at https://bitcoinnews.com/visa-crash-highlights-need-for-decentralized-bitcoin-like-payment-systems/
ASIC: Resistance Is Futile! Crypto’s Battle a Losing War?
At Consensus 2018, many blockchain software developers viewed Bitmain’s recent launch of their newest Application Specific Integrated Circuit (ASIC) miners as proof of the impending future for all cryptocurrencies. ASIC hardware will soon hit the markets for previously deemed ASIC-resistant cryptocurrencies such as Ethereum, Monero, and Zcash.
Read full article at https://bitcoinnews.com/asic-resistance-is-futile-cryptos-battle-a-losing-war/
At Consensus 2018, many blockchain software developers viewed Bitmain’s recent launch of their newest Application Specific Integrated Circuit (ASIC) miners as proof of the impending future for all cryptocurrencies. ASIC hardware will soon hit the markets for previously deemed ASIC-resistant cryptocurrencies such as Ethereum, Monero, and Zcash.
Read full article at https://bitcoinnews.com/asic-resistance-is-futile-cryptos-battle-a-losing-war/
Sweetbit Candy Dispenser Proves Efficiency and Practicality of Using Bitcoin as a Currency
David Knezic finished building a machine called Sweetbit on 27 May 2018 which dispenses candy in exchange for Bitcoin, and it proves the practicality, efficiency, and seamlessness of using Bitcoin as a currency. In the video, David Knezic scans a QR code attached to the Sweetbit machine with a Bitcoin wallet on his mobile phone, and this instantly tells his wallet which address to send the Bitcoin to. Using QR codes is an excellent way to avoid errors when sending Bitcoin, since missing one letter or number in a Bitcoin address can result in your Bitcoin payment getting lost.
Read the full article at https://bitcoinnews.com/sweetbit-candy-dispenser-proves-efficiency-and-practicality-of-using-bitcoin-as-a-currency/
David Knezic finished building a machine called Sweetbit on 27 May 2018 which dispenses candy in exchange for Bitcoin, and it proves the practicality, efficiency, and seamlessness of using Bitcoin as a currency. In the video, David Knezic scans a QR code attached to the Sweetbit machine with a Bitcoin wallet on his mobile phone, and this instantly tells his wallet which address to send the Bitcoin to. Using QR codes is an excellent way to avoid errors when sending Bitcoin, since missing one letter or number in a Bitcoin address can result in your Bitcoin payment getting lost.
Read the full article at https://bitcoinnews.com/sweetbit-candy-dispenser-proves-efficiency-and-practicality-of-using-bitcoin-as-a-currency/
Australia on Trend With Its First Crypto Friendly Town, Complete With Bitcoin Billboard
The small Australian beachside town of Agnes Water in Northern Queensland has gone crypto crazy with 30 local businesses accepting Bitcoin, claiming to be the country’s first “digital currency-friendly” town, reports ABC News Australia.
The town is launching its campaign this week with a new billboard announcing their claim which proudly sports the Bitcoin icon. Crypto groups and tourists from Japan have been invited to the launch in the town of 1800 inhabitants. The project plans to attract international tourists to pay for goods in Bitcoin, which can immediately be converted into Australian dollars.
Read full article at https://bitcoinnews.com/australia-on-trend-with-its-first-crypto-friendly-town-complete-with-bitcoin-billboard/
The small Australian beachside town of Agnes Water in Northern Queensland has gone crypto crazy with 30 local businesses accepting Bitcoin, claiming to be the country’s first “digital currency-friendly” town, reports ABC News Australia.
The town is launching its campaign this week with a new billboard announcing their claim which proudly sports the Bitcoin icon. Crypto groups and tourists from Japan have been invited to the launch in the town of 1800 inhabitants. The project plans to attract international tourists to pay for goods in Bitcoin, which can immediately be converted into Australian dollars.
Read full article at https://bitcoinnews.com/australia-on-trend-with-its-first-crypto-friendly-town-complete-with-bitcoin-billboard/
Take a French Leave from Taxes, or How to Keep Your Cryptocurrency Safe from the Taxman
When cryptocurrencies go through their periodic pumps, cryptocurrency investors are placed in a position of having to stop thinking so much about how to make more profit and start worrying more about how to protect their gains from the avaricious reach of the taxman. Depending on the laws in specific localities, and on the amount of trading an investor does, tax obligations can double or more. Experts from international company Worldcore have given a lot of thought to how investors can protect their earnings from unfair taxation.
According to a recent survey conducted by Worldcore, the majority of both novice and experienced traders are already familiar with, if not actively investing in, cryptocurrencies. Fully 89% of bankcard holders are aware of what cryptocurrencies are – but they may not be as aware of the legal and taxation grey area their crypto transactions and trades are in. This is as true for experienced investors and tax professionals as it is for novices.
Read full article at https://bitcoinnews.com/take-a-french-leave-from-taxes-or-how-to-keep-your-cryptocurrency-safe-from-the-taxman/
When cryptocurrencies go through their periodic pumps, cryptocurrency investors are placed in a position of having to stop thinking so much about how to make more profit and start worrying more about how to protect their gains from the avaricious reach of the taxman. Depending on the laws in specific localities, and on the amount of trading an investor does, tax obligations can double or more. Experts from international company Worldcore have given a lot of thought to how investors can protect their earnings from unfair taxation.
According to a recent survey conducted by Worldcore, the majority of both novice and experienced traders are already familiar with, if not actively investing in, cryptocurrencies. Fully 89% of bankcard holders are aware of what cryptocurrencies are – but they may not be as aware of the legal and taxation grey area their crypto transactions and trades are in. This is as true for experienced investors and tax professionals as it is for novices.
Read full article at https://bitcoinnews.com/take-a-french-leave-from-taxes-or-how-to-keep-your-cryptocurrency-safe-from-the-taxman/
Wind-Powered Crypto Mining Farm Built on Baltic Sea Island
Estonian government-owned Salme wind farm operated by Eesti Elekter has set up a cryptocurrency mining farm on the island of Saaremaa in the Baltic Sea off the west coast of Estonia, demonstrating the beneficial synergy between wind power and cryptocurrency technology.
The Salme wind farm has seven turbines which produce 6 MWh of power for computers that will be mining cryptocurrency. Oleg Sonajag, board member of Eesti Elekter, believes that the company and Estonia will be more competitive if they continue pursuing synergy between future technologies like this.
Read full article at https://bitcoinnews.com/wind-powered-crypto-mining-farm-built-on-baltic-sea-island/
Estonian government-owned Salme wind farm operated by Eesti Elekter has set up a cryptocurrency mining farm on the island of Saaremaa in the Baltic Sea off the west coast of Estonia, demonstrating the beneficial synergy between wind power and cryptocurrency technology.
The Salme wind farm has seven turbines which produce 6 MWh of power for computers that will be mining cryptocurrency. Oleg Sonajag, board member of Eesti Elekter, believes that the company and Estonia will be more competitive if they continue pursuing synergy between future technologies like this.
Read full article at https://bitcoinnews.com/wind-powered-crypto-mining-farm-built-on-baltic-sea-island/
Indonesia Gets Green Light for Bitcoin Futures as Supervisory Board Says “Yes”
The Indonesian Futures Exchange Supervisory Board (Bappebti) is reported to have been given the green light for cryptocurrencies to be traded on the country’s futures exchange, having finally been designated as commodities, writes Coindesk.
Bappebti is an agency that was launched in 2005 to regulate certain sections of the financial services industry in Indonesia. It stands for Badan Pengawas Perdagangan Berjangka Komoditi, or the Indonesian Commodities and Futures Trading Regulatory Authority. It is the only agency with regulatory responsibility for various financial institutions. It operates under the supervision of the Indonesian ministry of finance and is managed by a board of administrators, all of whom are selected by the government from industry experts.
Read full article at https://bitcoinnews.com/indonesia-gets-green-light-for-bitcoin-futures-as-supervisory-board-says-yes/
The Indonesian Futures Exchange Supervisory Board (Bappebti) is reported to have been given the green light for cryptocurrencies to be traded on the country’s futures exchange, having finally been designated as commodities, writes Coindesk.
Bappebti is an agency that was launched in 2005 to regulate certain sections of the financial services industry in Indonesia. It stands for Badan Pengawas Perdagangan Berjangka Komoditi, or the Indonesian Commodities and Futures Trading Regulatory Authority. It is the only agency with regulatory responsibility for various financial institutions. It operates under the supervision of the Indonesian ministry of finance and is managed by a board of administrators, all of whom are selected by the government from industry experts.
Read full article at https://bitcoinnews.com/indonesia-gets-green-light-for-bitcoin-futures-as-supervisory-board-says-yes/
Retail Complex in Slovenia for “Bitcoin City” as Ljubljana Embraces Fintech
The largest shopping area in Slovenia, coincidentally named BTC, has plans to extend its cryptocurrency profile through a fintech startup in an effort to make it become a ‘Bitcoin City’.
The complex, which stretches over a huge 475,000 square-meter space, filled with 500 stores, was visited by Prime Minister of Slovenia Miro Cesar, who recently experienced the shopping center’s existing strategy hands on. He was greeted by a cup of coffee purchased for him by state secretary Tadel Slapnik, using the Elipay cryptocurrency transaction system.
Read full article at https://bitcoinnews.com/retail-complex-in-slovenia-for-bitcoin-city-as-ljubljana-embraces-fintech/
The largest shopping area in Slovenia, coincidentally named BTC, has plans to extend its cryptocurrency profile through a fintech startup in an effort to make it become a ‘Bitcoin City’.
The complex, which stretches over a huge 475,000 square-meter space, filled with 500 stores, was visited by Prime Minister of Slovenia Miro Cesar, who recently experienced the shopping center’s existing strategy hands on. He was greeted by a cup of coffee purchased for him by state secretary Tadel Slapnik, using the Elipay cryptocurrency transaction system.
Read full article at https://bitcoinnews.com/retail-complex-in-slovenia-for-bitcoin-city-as-ljubljana-embraces-fintech/
Russian Researchers Experimenting with Quantum-Secured Blockchain
Researchers at the Russian Quantum Center published a paper in May 2017 describing successful experimentation with a quantum-safe blockchain via integrating quantum key distribution technology.
According to the MIT Technology Review, any information encrypted with conventional cryptography will become unsecure as soon as the first powerful enough quantum computer is turned on. This event appears inevitable to some as researchers around the world are working feverishly to develop quantum computers.
The researchers at the Russian Quantum Center theorize that those with access to quantum computers will be able to generate mining rewards at an unfair rate, making conventional mining equipment like application-specific integrated circuits (ASICs) obsolete. They believe that eventually, quantum computers will be able to obtain private keys from public keys using Shor’s algorithm, compromising modern-day cryptocurrencies, possibly as soon as 2027.
Read full article at https://bitcoinnews.com/russian-researchers-experimenting-with-quantum-secured-blockchain/
Researchers at the Russian Quantum Center published a paper in May 2017 describing successful experimentation with a quantum-safe blockchain via integrating quantum key distribution technology.
According to the MIT Technology Review, any information encrypted with conventional cryptography will become unsecure as soon as the first powerful enough quantum computer is turned on. This event appears inevitable to some as researchers around the world are working feverishly to develop quantum computers.
The researchers at the Russian Quantum Center theorize that those with access to quantum computers will be able to generate mining rewards at an unfair rate, making conventional mining equipment like application-specific integrated circuits (ASICs) obsolete. They believe that eventually, quantum computers will be able to obtain private keys from public keys using Shor’s algorithm, compromising modern-day cryptocurrencies, possibly as soon as 2027.
Read full article at https://bitcoinnews.com/russian-researchers-experimenting-with-quantum-secured-blockchain/
EU Terrorist Funding Study: Crypto No Greater Threat Than Traditional Currency, Increased Regulations Required
In a study published Monday, the EU parliamentary think tank has concluded that cryptocurrencies present no more of a threat to terrorist financing than fiat currencies, while improved regulations, industry intelligence, and community relationship building offer the strongest policy actions to combat the threat.
The report was commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs, conducted to asses the risks imposed by the rapidly changing, decentralized space of virtual currencies.
Read full article at https://bitcoinnews.com/eu-terrorist-funding-study-crypto-no-greater-threat-than-traditional-currency-increased-regulations-required/
In a study published Monday, the EU parliamentary think tank has concluded that cryptocurrencies present no more of a threat to terrorist financing than fiat currencies, while improved regulations, industry intelligence, and community relationship building offer the strongest policy actions to combat the threat.
The report was commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs, conducted to asses the risks imposed by the rapidly changing, decentralized space of virtual currencies.
Read full article at https://bitcoinnews.com/eu-terrorist-funding-study-crypto-no-greater-threat-than-traditional-currency-increased-regulations-required/
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