Tag Archives: currency

Bitcoin $5,000: Currency Hits New Record High

The price of the world’s best known digital currency briefly crossed the $5,000 mark on a major index for the first time on Friday evening ET, before retreating about 5% in subsequent hours. The idea of Bitcoin breaking the symbolic milestone of $5,000 would have been unthinkable to most people at the start 2017, when […]

Bitcoin Foundation seeks legal protection from US currency regulation

Llew Claasen, Executive Director of The Bitcoin Foundation, has announced that the organisation has retained legal counsel to advise in its effort to fight against increasing federal and state regulation in the US. The foundation believes that increases in regulation are attempts to “control and stifle the adoption and use of so-called ‘virtual currencies’ such as Bitcoin.” In a press […]

Bank of Mexico Governor: Bitcoin More Commodity Than Currency

The highest-ranking official at Banco de Mexico has stated he believes the central bank is unlikely to classify bitcoin as a currency. According to an article from local news source El Economista, the bank’s governor, Agustín Carstens, said that, since bitcoin is not backed by a government or central bank, the cryptocurrency doesn’t meet existing definitions of a currency.  Rather, […]

Canada regulators say most crypto currency offerings need oversight

TORONTO (Reuters) – Canadian securities regulators on Thursday said many Canadian crypto currency offerings they have studied involve the sale of securities and should abide by tough existing rules unless otherwise granted exemptions. Crypto currencies such as bitcoin and a growing stream of alternatives allow anonymous peer-to-peer transactions without the need for banks or central […]

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