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Posts Tagged ‘Currency’

Crypto.com adds Litecoin to its MCO Wallet App Currency Lineup

Crypto.com, the payments and cryptocurrency platform formerly known as Monaco, has announced the addition of Litecoin (LTC) to its cryptocurrency application, the MCO Wallet App. Litecoin becomes the fifth virtual currency available on the MCO cryptocurrency platform, which is also tied to its MCO Visa card. Virtual Currency Variety & Increased Use of LTC The…

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No Biggie: McDonald’s Own ‘Currency’ Is Just A (Physical) Commemorative Coin

McDonald’s will celebrate the 50th birthday of its flagship Big Mac burger by issuing its own “tangible” currency, the company revealed this week. MacCoin ‘Transcends Currencies’ As the company explains in a press release Sunday, the ‘currency,’ dubbed ‘MacCoin,’ will serve as a means of rewarding customers with free burgers and also serve as a…

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Venezuela’s New National Currency Will Be Tied to the Petro, Says President

Venezuela is replacing its national currency, the bolivar, with a new one that will reportedly be tied to its controversial “petro” token. The new bolívar soberano (or sovereign bolivar) is to enter use in the country next month, according to an announcement on Wednesday from the country’s president, Nicolas Maduro. As well as stating that the sovereign bolivar…

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‘Digital Currency Is Basically A Fallacy’ Says Finland Central Bank

The Bank of Finland (BoF) has released a 133-page paper arguing the concept of digital currency is an “illusion.” BoF: ‘Fundamental Nature’ Of Digital Currency ‘Elusive’ BoF head of digitalization Aleksi Grym The document, compiled by the Finnish central bank’s head of digitalization Aleksi Grym, claims the world has become “muddled” about the difference between…

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Romania Releases Draft Bill Regulating the Issuance of Digital Currency

The Ministry of Finance of Romania has released a draft Emergency Ordinance, which regulates the issuance of electronic money (e-money), Business Review reported July 5. The draft reportedly describes electronic money as “monetary value stored electronically, including magnetic, representing a claim on the issuer issued on receipt of funds for the purpose of performing payment…

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State-Issued Digital Currency Has ‘Not Well Understood’ Risks

The German Federal Ministry of Finance considers the concept of a central bank-issued digital currency (CBDC) to be too risky to implement, Cointelegraph auf Deutsch reported July 5. The finance ministry expressed its position in response to an inquiry by Green Party MP Gerhard Schick published business newspaper Handelsblatt Wednesday, July 4. “So far there…

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San Francisco Fed Head: Crypto Is Not A Currency

Nikita Blows · April 22, 2018 · 5:00 am The head of the Federal Reserve Bank of San Francisco believes that crypto lacks the core features required to define them as a currency. Late November and most of December last year saw both crypto cynics and enthusiasts wait with bated breath to see where Bitcoin’s…

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