Cryptocurrency exchanges in some of Africa’s biggest bitcoin markets have been forced to rethink their security to thwart persistent attacks from hackers, a trend that has troubled trading platforms all around the world.
Also read: Cointext Launches Bitcoin Cash SMS Wallet in Argentina and Turkey
The Worst Yet to Come for African Exchanges
Exchanges in the African continent have been relatively unscathed, suffering scant losses amidst the $930 million that’s been stolen from global exchanges so far this year, according to data by U.S. cyber security firm Ciphertrace.
The most notable assault on investor funds in the continent of 1.2 billion people happened around March in South Africa. It wasn’t a cyber attack on an exchange, but rather a scam. Fraudsters at BTC Global, a supposed cryptocurrency investment firm, made off with about one billion rand ($80 million) after 28,000 South Africans succumbed to the false promise of incredibly high, quick returns on their investment, police said.
As thefts have stoked exchanges worldwide, some African platforms have woken up to the need to strengthen their security to safeguard investor funds. This is particularly crucial in a continent where cryptocurrency markets are populated by people who trade with a certain degree of ignorance in many cases, lured by the promise of quick riches. Incidents of fraud or stolen money can smear a market struggling to build confidence in the absence of regulatory oversight.
“We have noticed a number of attempts to breach our system but we have managed to maintain our defenses and we keep on learning,” Suleiman Murunga, chief executive officer at Ugandan exchange Coinpesa, told news.Bitcoin.com.
“We (now) use suspicious activity monitoring tools to track user behavior in order to spot bad actors,” he said, adding that the company, one of the biggest in the East African country, also uses two-factor authentication.
Murunga stated that only a small portion of investor funds held on the exchange are kept in a hot wallet, of the kind targeted by hackers. The bulk of the funds are held offline, in cold storage.
Don’t Blame the Trading Platform – Blame the User
When breaches occur, exchanges are not always to blame. Sometimes investors simply aren’t careful. There have been instances where attackers gained access to individual accounts on the Zimbabwean exchange Golix before its forced shutdown in May, taking advantage of email password vulnerabilities to facilitate transactions.
Although no money was stolen, the 23 affected users noticed some changes to their accounts such as the conversion of their cryptocurrencies and the acquisition of additional coins through U.S. dollar balances they held in their accounts. This is according to Golix, which now has a presence in seven African countries. Back then, the exchange didn’t ask investors for 2FA upon signing up.
In Nigeria, Africa’s biggest bitcoin market, where trades reached $260 million on just one exchange this year, the threat of cyber attacks is real. In 2016, the Ibadan-based Naira4dollar firm didn’t receive the $15,000 worth of BTC it had bought to replenish its wallets after an attacker hacked into the trading platform’s system.
Investors in Nigeria and Ghana also fell victim to a $50 million hack of the Blockchain.info wallet, allegedly by Ukrainian hacker group Coinhoarder earlier this year. In the streets of Lagos, scammers take on false identities, infiltrating exchanges and various social media platforms promising outrageously high returns.
David Ayala, chief executive officer of Nairaex, which has more than 100,000 customers on its books, said all digital coins on the Nigerian exchange are stored “securely offline with Bitgo industry standards of multi-sig wallet.”
“Our platform is developed using best practices from the financial sector to maintain users’ security. We have maintained a secured network architecture since launch and we run scheduled tests and checks on the system for reliability,” he detailed, in emailed responses.
Is a Foolproof Security System Possible?
Often, hackers and scammers are a step ahead of their targeted victims, increasing the risk of persistent attacks. But will African exchanges ever implement foolproof security systems, or something approaching that ideal? William Chui, a Zimbabwean cryptocurrency enthusiast and former VP at Golix, proposed “A ‘walk-in’ model, where users [enter a physical premises] to buy [cryptocurrency] and are served while they wait.” It’s a model that’s proven popular in other countries such as South Korea.
He conceded, however, “This is not scalable nor feasible with the internet and will prove to be too slow. I doubt we can get a foolproof, secure system, but the [aim] will be to minimize losses as much as possible.”
Chui recommends that exchanges “invest in a technical development department that will continually penetrate the website, and offer bounties for external developers to do the same … Store a larger percentage of clients’ funds in cold wallets.”
Pesamill Africa in Kenya has gone as far as adopting Australian cryptocurrency industry regulations as part of efforts to align with global best practice. “We have built an exchange that fosters both peer-to-peer and centralized transactions in a safe and secure manner,” Brian Ngugi, Pesamill chief executive, told news.Bitcoin.com.
Whatever the case, African exchanges are at a stage in their development that holds a lot of promise for the growth of cryptocurrency use on the continent. Regulators will eventually step in, as is happening elsewhere worldwide. This will occur, not only to regulate and claim tax, but to make the cryptocurrency space stronger and sustainable.
What do you think about the level of security at African digital currency exchanges? Let us know in the comments section below.
Images courtesy of Shutterstock.
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News wires buzzed this week when the National Association of Securities Dealers Automated Quotations (Nasdaq) announced its pending purchase of Swedish crypto-friendly stock exchange Cinnober. Nasdaq made “an USD 190m all cash recommended public offer” to the exchange, which it terms a major “financial technology provider to brokers, exchanges and clearing houses worldwide.” It could also be a significant first step for the $10 trillion Nasdaq into the world of crypto.
Also read: Robinhood Accused of Taking from Younger Investors to Benefit Wall Street Traders
Nasdaq to Acquire Crypto-Friendly Swedish Stock Exchange Cinnober
Adena Friedman, President and CEO, Nasdaq explained, “The combined intellectual capital, technology competence and capabilities of Cinnober and our Market Technology business will expand the breadth and depth of our fastest growing division at Nasdaq.”
From Stockholm, Sweden this week came a public announcement Nasdaq had made a $190 million offer to gobble up Swedish crypto-friendly stock exchange Cinnober. The acquisition “would strengthen its position as one of the world’s leading market infrastructure technology providers,” Nasdaq claimed.
Statement from Cinnober Board.
“Not only have the global capital markets continued to evolve rapidly,” Ms. Friedman, 49, continued, “new marketplaces in various industries are demanding market technology infrastructure that enables rapid growth and scale as well as access to tools to promote market integrity. This acquisition will enhance our ability to serve market infrastructure operators worldwide, and will accelerate our ability to expand into new growth segments.”
Based in the New York City, USA, Nasdaq is the second largest exchange in the world by market capitalization, valued at some $10 trillion. It is nearly 50 years old, and is known as the first electronic, automated stock market. Touted as what was to come in the retail brokerage industry, Nasdaq’s emphasis on digital production meant a lowering of that critical difference between the bid and ask price of a stock. It was thought to be a model of price discovery efficiency.
Could be a Tentative First Step Toward More Cryptocurrency Interaction
Nils-Robert Persson, co-founder and Chairman of the Board of Directors of Cinnober, added, “Since co-founding Cinnober in 1998, Cinnober has been on an exciting journey and has become a leading supplier of financial technology providing services to exchanges and trading houses worldwide.”
For its part, according to the press release on the matter, Nasdaq “has offered to acquire all outstanding shares and warrants in Cinnober at a price of SEK 75 per share and SEK 85 per warrant. The transaction represents an offer value of approximately SEK 1,702m (appr. USD 190m). The Board of Directors of Cinnober has unanimously recommended that shareholders and warrant holders accept the offer. The acceptance period of the public tender offer is expected to close during the fourth quarter of 2018, subject to certain conditions customary in Swedish public tender offers (e.g. that Nasdaq becomes owner of more than 90% of the shares in Cinnober and review by relevant competition authorities).”
“I see the offer as the next step in Cinnober’s development,” Mr. Persson, 62, elaborated, “as it will enable Cinnober and its highly talented employees to be even more successful in serving customers as well as expanding its technology and offering to even more customers and segments. I really believe in the strategic logic of combining Cinnober and Nasdaq’s Market Technology business also as it reinforces the strong technology foundation in Sweden. As the largest shareholder of Cinnober, I am supportive of the offer and intend to accept the offer.”The Swedish exchange is well known in the ecosystem for favoring digital currencies, especially as they relate to making it easier for more established investors to toe-dip. Custodial services have long been thought to be a giant concern for legacy banks when it comes to crypto, as hacks and their headlines have spooked big money. Cinnober partnered with Bitgo, for example, to attempt at mitigating custodial issues. Bitgo has a stellar reputation for custody in both worlds, with its multi-sig solution and having acquired Kingdom Trust, not to mention teaming up with Korbit, a Korean exchange – all of these factors have given Cinnober major street cred in the ecosystem. What are you thoughts about Nasdaq getting into crypto, albeit sideways? Let us know in the comments below.
Images courtesy of Shutterstock, Nasdaq, Cinnober.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The Philippine Securities and Exchange Commission (SEC) is due to unveil the hotly anticipated draft regulation for cryptocurrencies in the next few days, if the information provided by The Manilla Times is correct. If the regulation reflects the previous enthusiastic efforts to implement cryptocurrency in the Philippines, it stands to play a seminal role in defining the country’s status as a major player in the fintech sector. The SEC chairman, Ephyro Luis Amatong, has previously emphasised the need to regulate cryptocurrency exchanges as traditional trading platforms.The draft comes in the wake of several Philippine lawmakers calling for the creation of a properly structured and above-board regulatory environment for Initial Coin Offerings (ICO) as the country opens up to the new technology. In spite of several successful DApps being developed in the country and the start of a promising upward trend for the Filipino fintech industry, officials are aware of the need to create a competent legislative framework to both protect their citizens from scams and for the sector to develop profitably.In stark contrast to the majority of other central banks worldwide, the Philippines central bank — Bangko Sentral ng Pilipinas (BSP) — has been extremely proactive in ushering in both the implementation and regulation of cryptocurrencies. The central bank has developed a partnership with the SEC in order to establish “cooperative oversight.” SEC Chairman Amatong explains their cooperation:“We already discussed the matter with the BSP, since the BSP is also interested and we are also interested […] The discussion […] [involves] joint cooperative oversight over [cryptocurrency exchanges] engaged in trading.”Back in 2016, the BSP deputy director Melchor Plabasan made clear his positive outlook on the potential of cryptocurrencies in a televised interview, stating that:“If you want something that is fast, near real-time and convenient, then there’s the benefit of using virtual currencies like Bitcoin.”Final draft builds on months-long efforts to create effective legislationAs previously reported by Cointelegraph, this upcoming draft is the just the latest installment of the SEC’s attempt to regulate the cryptocurrency sector.In November 2017, the SEC announced that it would move to legalize digital currencies by classifying them as securities, using the example of new regulation in the United States, Malaysia and Hong Kong. The SEC chairman and then-commissioner Emilio Aquino shed light on the developments in a news conference:The direction is for us to consider this so-called virtual currencies offerings as possible securities, in which case we will apply the Securities Regulation Code. The heightened frenzy and increasing popularity surrounding Initial Coin Offerings has pushed authorities to lay down new rules to protect consumers.”In August 2018, the SEC released their draft rules for public feedback. According to the official statement released by the local SEC, any company registered in the Philippines seeking to run an ICO must submit an initial request to the commision, establishing whether their token qualifies as a security. Companies must submit their assessment requests no less than 90 days before they plan to launch their sale period. The SEC will then review the request within 20 days and provide its findings in a written report.The report also said that if ICOs were only to be distributed among 20 people or less, then registration with the SEC may not be compulsory.The proposed legislative framework seeks to set out clear rules to avoid the creation of fraudulent ICO projects. The SEC has been proposing to regulate crypto assets since late 2017. In April, the Philippines also floated the notion of defining cloud mining contracts as securities, given that the investors of the data centers operate the process via “investment contracts.”The SEC specified that they invited banks and investment houses, along with the investing public, to submit feedback on the proposed rules and set a deadline of Aug. 31.Crime and punishment: The government cracks down on scamsLike most countries in which cryptocurrency is a burgeoning platform, the Philippines has been victim to a number of scams, as naive investors seek quick returns on offers that are too good to be true while regulators scramble to keep up.In May, an email circulated using the name of President Rodrigo Duterte, along with high-profile members of the Senate, encouraging them to part with their hard-earned pesos in order to invest in cryptocurrency, with the promise of high returns.The presidential spokesman for the Philippines was forced to step in and make a statement denouncing the email scam after President Duterte’s brother’s name was used in conjunction with the scandal.In his official statement, Roque said:“For your information, now that the President’s brother [is being dragged into that cryptocurrency scam], the President has asked me at least three times to announce and inform the public not to entertain any person peddling their alleged influence with the President, including his relatives.”In another scandal, the Philippine’s SEC issued a warning to investors about Onecash Trading, another digital currency provider promising attractive returns of over 200 percent to investors in only eight weeks:”Facebook Account Onecash Trading is inviting the public to sign up to their website through a sponsored link and deposit an amount of P1,000 [$20] as an enrollment fee. Upon activation thereof, a member may opt to become a Trader with a promise receiving 25 percent return of investment every Thursday for eight consecutive weeks without doing anything, or to be a Builder wherein a member shall be receiving P 50.00 [$1] per direct and indirect invites, up to the 10th level.”The SEC stated that all investment schemes that make use of either fiat money or cryptocurrencies are deemed securities and are subsequently required to comply with existing regulations in the Philippines. The statement also came with a warning: Those who fall foul of the law could end up serving 21 years in prison as well as paying up to $100,000 in fines.Cryptocurrencies are a relatively recent phenomenon for most countries. Their sudden skyrocketing into the very center of both public consciousness and the world of finance has often caught governments and issuers by surprise. As a result of this, governments are often on the back foot when it comes to legislation, leaving the door wide open for scammers. An example of this is the January hack of Coincheck in Japan, which led to the theft of $532 million worth of NEM. Anger at the hack was compounded by the fact that Coincheck was not registered with Japan’s Financial Services Agency and was therefore not subject to the same level of scrutiny as other exchanges in the country. The exchange froze all transactions and issued an apology. The Coincheck security compromise is indicative of wider issues in the crypto world, with over $1.2 billion worth of cryptocurrency stolen worldwide in 2017 alone. However, investors and regulators alike are learning from their mistakes. With the Philippine government taking steps to crack down on cyber crime, the wild west environment that has allowed startups and scammers to flourish in equal measure is soon to draw to a close.The current legislation put in place by the Philippine government to deter cyber criminals has been deemed too tepid for some. Opposition politician Senator Leila de Lima is pushing a bill through the senate that seeks to impose drastically stricter punishments for crimes relating to cryptocurrencies.In her authority as a former justice secretary, de Lima used the April 4 arrest of two individuals for an alleged P900 million ($17.2 million) Bitcoin scam to emphasize the need for Senate Bill No. 1694 to be passed:”I hope that this occurrence will push my esteemed colleagues in the Senate to take my proposed bill seriously and help pass it into law soon. Knowing that virtual currency resembles money, and that the possibilities in using it are endless, higher penalty for its use on illegal activities is necessary.”De Lima provided a list of illicit activities that could use cryptocurrencies:”Where unscrupulous individuals entice unsuspecting people to purchase fake Bitcoins, sending a virtual currency as payment for child pornography or a public officer agreeing to perform an act in consideration of payment in Bitcoins [direct bribery].”De Lima’s bill would determine the severity of the criminal activity by the equivalent value of the funds raised through illegal activity. Depending on the amount illicitly raised and the circumstances in which the funds were raised, individuals could face lengthy prison sentences or even the death penalty.Cryptocurrency and blockchain could help unite the Philippines fragmented payments sectorIn a bid to keep the country at the forefront of the ever-expanding crypto frontier, the Philippine government has created the Cagayan Economic Zone Authority (CEZA). With countries like Malta and Switzerland already ahead of the curve in welcoming both blockchain and cryptocurrencies, the CEZA is the country’s response to the ‘Crypto Valley’ of Switzerland’s Zug canton. The Philippine government permitted 10 blockchain and cryptocurrency companies to operate in the zone, with the aim of promoting economic growth and generating jobs for its citizens. In spite of appearances, the zone isn’t just a tax haven free-for-all. Companies are required to contribute no less than $1 million over a two-year period, which, in turn, is topped up by up hundreds of thousands of dollars in fees.CEZA deputy administrator for planning and business development Raymundo T. Roquero explained what businesses must do to be able to operate in the zone:“When they apply, they will pay an application fee of $100,000 (P5.35 million) [and a] license fee of $100,000. Then you go into probity checks, then application programming integration (API), which costs an additional $100,000.”In a ceremony granting licenses to operate in the zone in April, Roquero commented on some of the applications that had been successful:“These are offshore companies, and they have committed investments of $1 million (P534.6 million) each. GMQ intends to build [its] infrastructure in Sta. Ana, Cagayan […] and will have an incubation period of two years, so they are already allowed to operate here in Manila.”Crypto activity in the Philippines, however, is not confined to the CEZA alone. The U.S.-based company ConsenSys has launched Project i2i — short for “island-to-island,” a payment network built on Ethereum that aims to connect the 400 rural community banks across the Philippines. Although there are evidently banks to serve the country’s many rural communities, they are neither connected to any wider electronic networks nor international money transfer systems, meaning that thousands of people are without a means of making quick and reliable payments.Photo from ConsenSys’ i2i releaseThe project uses a web API in order to allow banks to connect to a blockchain backend. This allows users to both carry out transactions and to make use of smart contracts on permissioned blockchain via ConsenSys’ Kaleido platform.Transactions signed through this system will allow for the pledging of digital tokens corresponding to an amount of Philippine pesos in an off-chain account, as well as redeeming and transferring tokens among other platform users.Success stories help the government to keep an open mind about cryptocurrenciesIn spite of a stumbling start to the outright acceptance of cryptocurrencies, the Philippine government is clearly waking up to the many advantages that the technology can bring. This change has not gone unnoticed by some of the industry players.In an interview with Nikkei, FintechAlliance chairman Lito Villanueva said:“With these startups come huge investments in their portfolio. Surely, each country would want to take a piece of the action. Taking blockchain and fintech players in with enabling regulations and potential investment incentives would surely make the game more exciting.”Some of the nation’s startups have already brought in considerable investment. Perhaps the Philippines’ most well-known fintech startup success story, Coins.ph, raised $5 million in a Series A funding round, securing investment from Naspers and Quona Capital. Other Philippine crypto pioneers include Bloom Solutions and Satoshi Citadel Industries.Aiai Garcia, global business development lead for Consensys in Asia-Pacific commented on how the Philippines central bank’s openness toward cryptocurrencies had benefited the industry within the country:“Today, the Philippines has one of the most advanced blockchain payments apps in the world [Coins.ph], which provides 1.5 million Filipinos alternative access to their finances and other value-added services. [Philippine] regulators were also among the first to announce the regulation of Bitcoin as security.”It appears that the government is aware that the opportunities for fintech companies can bring benefits for itself. Department of Finance spokesperson Paola Alvarez said:‘’Secretary [Carlos] Dominguez is really pushing for the application of financial technology. He wants to harness fintech to improve business, for example, payment of taxes online.”As both cryptocurrency and blockchain technology gain footing across the globe, the potential benefits for the underdeveloped Philippine fintech industry are hard to deny. The disparate and fragmented nature of the island’s financial system could be revolutionized thanks to initiatives such as i2i, along with the nation’s many payment apps that have sprung up in recent years. With eager anticipation from high-profile government figures, the ICO regulations seem set to take the next step in defining the role of cryptocurrency in the nation’s future. window.fbAsyncInit = function() FB.init( appId : ‘1922752334671725’, xfbml : true, version : ‘v2.9’ ); FB.AppEvents.logPageView(); ; (function(d, s, id) var js, fjs = d.getElementsByTagName(s); if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = “//connect.facebook.net/en_US/sdk.js”; fjs.parentNode.insertBefore(js, fjs); (document, ‘script’, ‘facebook-jssdk’)); !function(f,b,e,v,n,t,s) if(f.fbq)return;n=f.fbq=function()n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments); if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′; n.queue=;t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e); s.parentNode.insertBefore(t,s)(window,document,’script’, ‘https://connect.facebook.net/en_US/fbevents.js’); fbq(‘init’, ‘1922752334671725’); fbq(‘track’, ‘PageView’);
Ant Financial, Alibaba's billing affiliate, is working with Chinese regulators to closely scrutinize peer-to-peer cryptocurrency transactions using the Alipay mobile app.
Communist Party-run media Beijing News on Friday reinforced efforts to monitor notable sites incorporating Alipay gateways to facilitate merchant and customer accounts as well as over-the-counter (OTC) passwords Reported that they were doing business.
A spokesman for Ant Financial told CoinDesk, "Alipay adheres to the principle of not providing services for virtual currency trading."
"We have been constantly monitoring over-the-counter transactions and will continue to monitor. If we find a transaction suspected of being associated with a virtual currency, the ability to collect payments for accounts associated with suspended transfers and perpetual restrictions."
However, the company has not provided details on how many or how many accounts it has already found to participate in encryption transactions.
The news yesterday announced that the Chinese financial regulator is trying to block access to the Internet for over 100 foreign password trading platforms that are now providing services to Chinese investors.
Another well-known mobile payment application launched by Internet giant Tencent, WeChat Pay, has been monitoring and blocking accounts that CoinDesk previously reported suspected of handling password transactions.
In September 2017, the major Chinese exchanges all converted their business abroad, but continued to provide CTC and OTC transactions, following a notable ban on password transactions and the first coin offering of the China Bank of China.
Alipay, WeChat Pay and bank transfer have been used as a way for Chinese residents to purchase cryptocurrency assets.
Alipay image through Shutterstock
CoinDesk, a leader in block-chain news, is a media outlet that pursues the highest standards of journalism and adheres to strict editorial policies. CoinDesk is an independent operating subsidiary of the Digital Currency Group, which invests in cryptocurrencies and block-chain startups.
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Most of the cryptocurrency market is in the red today, as Bitcoin (BTC) has just fallen below the $7,000 mark. But today, we’re focusing on EOS and Stellar (XLM), and their latest project updates and price.
The first EOS Global Hackathon took place in Hong Kong back in mid-June. There was a total of 80 teams that participated in the event from around the world, and $144,000 USD was awarded.
The second EOS Hackathon took place in Sydney, Australia over this weekend.
The moment you’ve been waiting for – congratulations to our winners at the #EOSHackathon in Sydney:– 1st prize: SmartPress– 2nd prize: GreenKeep– 3rd prize: TokenTree
Please stay tuned for more details on their pitches. pic.twitter.com/EC8bv0HMP7
— EOS (@EOS_io) August 5, 2018
Block.one just announced that over 200 contestants participated in the second Hackathon and they also had more than 50 teams compete. The event had 26 consecutive hours of programming, and the theme of the event was ‘Hack the Outback.’
The top three prize winners from both the first and second event will compete in the Grand Finale Pitch Competition that Block.one will hold in December.
At press time, EOS is currently trading at $6.46 a coin, down -5.34%. It seems that the results of the second event to build dApps on the EOS network didn’t boost the price of the cryptocurrency.
The next EOS Global Hackathon will take place on September 22nd in London.
>> First Global Hackathon Results
The hasn’t been any big breaking news on the Stellar project lately. Yesterday, however, the Stellar team broadcasted their monthly roundup.
We just published the Stellar Monthly Roundup for July. Ecosystem updates, developer updates, and more! Read it now on our website: https://t.co/Vu6KYe1s6u#stellar #blockchain
— Stellar (@StellarOrg) August 6, 2018
The Stellar team is currently accepting submissions for its 7th Stellar Build Challenge. Another thing the team announced is that the Shariyah Review Bureau (SRB) reviewed the Stellar network and has promulgated guidelines that enable Sharia-compliant applications of Stellar tech to reach Islamic financial institutions.
There were many other smaller announcements on the July monthly roundup, and you can read them here.
At press time, XLM is currently trading at $0.230 a coin, down -1.54%.
>> Crypto Daily News: Barclays Denies Cryptocurrency Projects and Ethereum Classic (ETC) Launching on Coinbase Pro
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Speaking on the latest episode of CNN podcast “Boss Files”, Adena Friedman, CEO of Nasdaq gave an indication of her optimistic position regarding the future perspectives for cryptocurrencies. The famous businessperson and female inspirational figure mentioned that according to her perceptions, the use of cryptos could represent an evolution or at least an important innovation in the way traditional finance is handled.
“Do I think digital currency plays a role in the economy of the future? I think the answer is probably yes”
In a segment of the interview devoted exclusively to cryptos, the …
Read The Full Article On CryptoCurrencyNews.com
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
The International Monetary Action Task Force said it will step up efforts to monitor the use of cryptocurrencies in money laundering.
The Arizona House passed legislation to protect block-chain node operators in regional restrictions.
China's National Internet Finance Association said efforts to oversee the ICO in the agenda of 2018 will be normalized