Chinese Agency Scraps Plan to Eliminate Bitcoin Mining Industry
November 06, 2019
More than six months after the China National Development and Reform Commission proposed to categorize bitcoin mining as an industry to be phased out from the country, it appears the agency has now scrapped that plan.
Congressman Warns Bitcoin Is A Threat To The U.S. Dollar
October 23, 2019
United States Congressman Brad Sherman went on an anti-Bitcoin and cryptocurrency rant where he dismissed the financial technology as only useful for criminals and warned that these new types of assets have the potential to threaten the U.S. dollar’s dominance over the global financial system.
Report: G7 Says ‘Global Stablecoins’ Pose Threat to Financial Stability
October 14, 2019
The G7 believe that no stablecoin project should begin operation until the legal, regulatory and oversight challenges and risks are adequately addressed. [...] Addressing such risks is not necessarily a guarantee of regulatory approval for a stablecoin arrangement.