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Putin Aide believes Russia isn’t ready for Crypto

Russian advisor ‘German Klimenko’ told reports that a state-owned cryptocurrency exchange in Russia, is too early. "The crypto-ruble and the cryptocurrency are not regulated legislatively in my understanding. Therefore, speaking about the cryptocurrency exchange is like skipping ahead a full step," Klimenko noted. Nobody has offered a solution yet on how to take cryptocurrencies out of the "gray zone," he noted. "Firstly, they [cryptocurrencies - TASS] should be legalized and formalized - no such decisions are in place to date. So, the time isn’t ripe for talking about the cryptocurrency exchange," the presidential aide explained. President Putin said in October...

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Turkey announces that Bitcoin is Un-Islamic, as price soars above $10,000

The Authorities in Turkey have announced that bitcoin is not in accordance with the Islamic religion and has warned their citizens against buying the most powerful crypto currency. The Directorate of Religious Affairs said “Cryptocurrency is widely used for nefarious and illegal activities, and is not sufficiently regulated, making it far more volatile than other currencies.” “Buying and selling virtual currencies is not compatible with religion at this time because of the fact that their valuation is open to speculation, they can be easily used in illegal activities like money laundering and they are not under the state’s audit and...

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Developers Discuss the State of Bitcoin Privacy at Baltic Honeybadger Conference

A major highlight of the recent Baltic Honeybadger 2017 conference in Riga, Latvia was the final panel at the end of the second day of events, which consisted of a number of well-known developers in the Bitcoin ecosystem. During the panel discussion, the developers shared their thoughts on the current state of privacy in Bitcoin. Various participants on the panel pointed out the close relationship between privacy and scalability, the privacy issues with light wallets, and how the ecosystem is now on the cusp of a number of different privacy enhancements. Bitcoin Privacy Improves as the Technology Scales by Default...

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Mike Novogratz: ‘Bitcoin will win battle for store of value’

The Hedge Fund manager, who is starting a $500 million fund to invest in cryptocurrencies, has declared that he believes Bitcoin is most likely to win out over other digital currencies over time. At a Coindesk-sponsored conference in New York, Novogratz said “I don’t think many of these are currencies, even bitcoin,” before also stating that ‘’Bitcoin will win the battle for store of Value’’. Novogratz’s Galaxy Digital Assets Fund would be the biggest of its kind at $500 million. This could signal an increasing acceptance of Digital Tokens as legitimate investments. This will be Novogratz comeback to money management...

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South Korea to introduce more legislation against cryptocurrency to fight money laundering

The anonymous, encrypted nature of cryptocurrencies such as Bitcoin and Ethereum have made them popular in some circles of illegal activity. As a relatively new type of currency, cryptocurrencies remain largely unregulated throughout the world, which means there is a lack of regulation in place to protect ordinary people and investors from fraud and other scams. Currencies like Bitcoin have proven especially popular with money launderers, particularly in certain parts of Asia. South Korea cracks down on money laundering South Korea is one of the world's top traders of cryptocurrencies. The country is home to one of the largest Bitcoin...

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